AUTHORITIES need to urgently design a clear and well-defined roadmap for Zimbabwe’s de-dollarisation process to ensure the country’s macro-economic stability, business leaders say.Speaking during last week’s over-subscribed Daily News post mid-term budget review breakfast forum in Harare, the business leaders added that macro-economic predictability allowed companies to make informed decisions about investments, pricing and their…

ZIMBABWE’s banking sector remains heavily dollarised, with foreign currency loans accounting for over 88 percent of money advanced by financial institutions, official figures show.According to the Reserve Bank of Zimbabwe (RBZ), foreign currency-denominated loans accounted for 88,4 percent of the banking sector aggregate loans as of June 30, 2025, highlighting the market’s strong preference for…

Mishma Chakanyuka and Prisca TshumaStaff Writers ANALYSTS say the Reserve Bank of Zimbabwe (RBZ) missed an opportunity to address key economic challenges through its mid-term monetary policy statement last week.The statement, which left most existing measures unchanged, has been met with a chorus of disapproval, with experts warning that the current economic hardships will persist.Economic…

THE Reserve Bank of Zimbabwe (RBZ) says it increased its interventions in the willing-buyer-willing-seller foreign exchange market during the first half of 2025, deploying US$448,9 million to meet demand for hard currency.In its 2025 Mid-Term Policy statement, the central bank said this marks a notable increase from the US$407,4 million sold in 2024, signalling its…

THE government is set to reduce the Intermediated Money Transfer Tax (IMTT) in the upcoming 2026 national budget in November, as part of its reforms to ease doing business, Finance Minister Mthuli Ncube has said.Currently, the IMTT is calculated at a rate of two percent on US dollar, ZiG and gold-backed digital token transactions. The…

THE Ministry of Finance says the formulation of the Consumer Protection Policy is now at an advanced stage.The policy is aimed at promoting consumer rights and fostering consumer welfare, a critical element in the production, distribution and consumption of quality goods and services.“This is expected to go a long way in improving the country’s image…

TREASURY says the development of regulatory frameworks for banking, insurance and the capital market segments at the Victoria Falls International Financial Centre is underway.The government established the Victoria Falls International Financial Centre through Statutory Instrument 29 of 2025 to position Victoria Falls as a premier financial hub globally and in the Southern African region.“It is…