BUSINESS is hopeful that the accelerating depreciation of the Zimbabwe dollar on the foreign currency auction system will help to restore Zimbabwe’s economic stability. This comes as the government and organised business continue to collaborate on ways of enhancing the foreign currency market, following the recent turmoil, which pushed up prices and the cost of…
ZIMBABWE’S inflation edged to 51,55 percent in September from 50,24 percent in August, reflecting price increases across the economy in a month the country grappled with shortages of power and foreign currency. On a month-on-month basis, the inflation rate at 4,73 percent was up 0.51 percentage points, marking the highest monthly rise in a year.…
AFRICAN governments have been urged to strengthen their debt framework and increase transparency to avoid an unsustainable debt crisis in the wake of the Covid-19 pandemic, which has left many…
BUSINESS and monetary authorities agree on the urgent need to refine the foreign currency auction system, to stem the growing threat to the economy of the resurgent forex parallel market. This comes as the auction system has been widely credited with stabilising Zimbabwe’s economy and its once derided local currency since its introduction in June…
OVER the past year and a half, the Covid-19 pandemic has turned our lives upside down. We have lost colleagues, friends and family. Our routines have been unsettled. Life is just no longer what we were used to. On the business side of things, supply chains have been disrupted and, in some instances, entire businesses…
FOLLOWING Econet’s feat in the Top Companies Awards, The Financial Gazette’s News Editor Kuda Chideme (KC) sat down with Econet Wireless Group chief executive, Douglas Mboweni (DM), to learn the company’s secret to success. Below are excerpts of the interview: KC: Congratulations on your achievement. How did you manage to navigate this difficult year? DM:…
Mildred Chiri, the Auditor General (AG), or should it be the OG, has released her report for the 2019 financial year, yet again giving the public a glimpse into the…
AFTER transforming agriculture finance in Zimbabwe, CBZ, the country’s largest bank, says it is planning to tap into the mining sector. The Financial Gazette’s News Editor Kuda Chideme (KC) sat…
ZIMBABWE should use its allocation of Special Drawing Rights (SDRs) from the International Monetary Fund’s (IMF) $650 billion global rescue package to invest in capital projects and bolster its capacity to service debts, economists have said. The fund plans to distribute the package to member countries this summer, in response to the Covid-19 pandemic…
BancABC was recently recognised as the most innovative retail banking brand for 2020 by Global Brands Magazine. Our news editor, Kuda Chideme (KC), this week spoke to the bank’s managing director, Lance Mambondiani (LM), about its digital strategy and future plans. Below are excerpts of the interview. KC: It has been over a year since…
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