Zimra tightens border management systems

THE Zimbabwe Revenue Authority (Zimra) is intensifying customs operations to improve compliance and safeguard the nation’s formal trade systems. Speaking at the International Customs Day commemorations held at Plumtree Border Post yesterday, Zimra acting commissioner general Misheck Govha said customs administration had evolved into a strategic function that went beyond tax collection to include trade…

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Zimbabwe inflation hits single digits

ZIMBABWE’s annual inflation rate dropped to 4,1 percent in January 2026, marking the first time the country has recorded single-digit price growth in its domestic currency in nearly 30 years. According to the Zimbabwe National Statistics Agency, ZiG inflation slowed to 4,1 percent, down from 15 percent in December and 19 percent in November. The…

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Industry wants FX control concessions

INDUSTRY has called for the relaxation of exchange controls by the government, which previously sparked pricing distortions and USD inflation in a bid to save the then-volatile local currency. Authorities previously compelled formal businesses to quote a heavily discounted formal exchange rate, resulting in higher USD prices as companies complied. In an update, the Confederation…

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RBZ tames volatile currency parallel market

AUTHORITIES say the gap between the official exchange rate and the parallel market has narrowed sharply to 20 percent, marking a milestone in the stabilisation of the ZiG. This comes after the country experienced sharp exchange rate spikes in 2024, prompting the government to introduce the gold-backed ZiG currency, which has remained stable for over…

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Is the board responsible when a strategy goes wrong?

By Bothwell Nyajeka LAST week, I spent time with a client reviewing the company’s turnaround strategy. The discussion was robust and at times uncomfortable. As part of the exercise, management presented a detailed Key Performance Indicator (KPI) matrix outlining strategic initiatives, timelines, and responsibility charts. Then one director asked a simple question: Who should be…

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