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Tight monetary policy: RBZ schemes cushion

Prisca Tshuma Staff Writer THE Reserve Bank of Zimbabwe (RBZ) has unveiled a new Targeted Financial Facility (TFF) aimed at helping businesses navigate the challenges posed by its stringent monetary policies. (more…)

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December 12, 2024

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Diesel usage ticks up

ZIMBABWE’S diesel consumption increased by two percent over the first nine months of 2024, while petrol consumption declined by eight percent amid fluctuating fuel prices, according to the latest data from the Zimbabwe Energy Regulatory Authority (ZERA). (more…)

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December 12, 2024

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NNCDs’ terms extended to 36 months

THE treasury has extended the maturity dates of non-negotiable certificates of deposit (NNCDs) from 24 months to 36 months. (more…)

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December 12, 2024

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Zim air passenger traffic rises 20pct

ZIMBABWE’S airports processed 1,8 million passengers in the first ten months of 2024, representing a 20 percent increase compared to the same period in 2023, according to the Civil Aviation Authority of Zimbabwe (CAAZ). (more…)

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December 12, 2024

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Zimbabwe leverages insurance to mitigate climate change risks

THE government is finalising the ratification of the African Risk Capacity (ARC) Treaty in response to persistent poor agricultural seasons due to climate change. (more…)

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December 12, 2024

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Zimbabwe eyes economic boost from cannabis sector

THE government has hailed the burgeoning industrial hemp and medicinal cannabis sector as a transformative force for Zimbabwe’s economy. (more…)

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December 11, 2024

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LPG usage up 9 percent

THE consumption of liquefied petroleum gas (LPG) in Zimbabwe increased by nine percent in the first nine months of 2024, reaching 53,23 million kilogrammes (kg), compared to 48,86 million kg during the same period in 2023, according to the latest figures from the Zimbabwe Energy Regulatory Authority (ZERA).…

December 10, 2024

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FX reserves rise to US$540 million

ZIMBABWE’s foreign currency reserves supporting the local currency increased by 89 percent to approximately US$540 million on October 31, 2024 from US$285 million on April 5, 2024, official data shows. (more…)

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December 9, 2024

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OPC spearheads investment streamlining efforts

TREASURY says the Office of the President and Cabinet (OPC) is set to take the lead in streamlining investment processes and improving the country’s overall investment environment. (more…)

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December 8, 2024

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Zimbabwe-EU in bid to deepen trade ties

THE European Union (EU) and its member states are actively seeking to strengthen trade relations with Zimbabwe, an initiative anticipated to enhance the country’s export revenues in the upcoming year, paving the way for increased economic activity. (more…)

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December 7, 2024

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Monday, 23 December 2024