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Home » Zimbabwe targets US$2,7 billion remittances
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Zimbabwe targets US$2,7 billion remittances

written by Adelaide Moyo, Group Managing Editor 0 comments
Rising debt levels and projected double-digit declines in official development assistance have highlighted the dire need for action plans that will enable Africa to pay for its own development, the African Tax Administration Forum (Ataf) cautions.
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TREASURY says remittances are projected to increase by 4,9 percent to US$2,7 billion in 2025 from US$2,6 billion in 2024, sustaining a positive current account balance.Minister of Finance, Mthuli Ncube, said this comes as remittances increased by 7,1 percent to US$635,2 million in the first quarter of 2025, from US$593,2 million in the comparable period…

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Adelaide Moyo is a business and financial journalist based in Zimbabwe. With a keen eye for detail and a deep understanding of market complexities, Adelaide consistently breaks down complex financial concepts and business trends into accessible, compelling narratives for a diverse readership. She specialises in areas such as macroeconomics, corporate finance, investment, and the critical issues impacting Zimbabwe's economy, including currency volatility, the informal sector, climate change, and illicit trade. Adelaide is a recipient of national awards for her reporting in different sectors of the economy. She is also a member of the Oxford Climate Journalism Network.

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