EXPERTS are keeping their fingers crossed that the central bank will intervene decisively next month, to alleviate the myriad challenges that are throttling Zimbabwe’s economy.Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts said this week that the apex bank’s February monetary…
ZIMBABWE’s economic growth is likely to fall short of the government’s six percent projection with analysts citing currency volatility, inflation, and a persistent liquidity squeeze as threats.The southern African country has experienced a significant depreciation of the local unit primarily driven by both demand and supply factors which resulted in inflationary pressures.Fiscal and monetary authorities…
ZIMBABWE’S inflation rate soared in January 2025, with the weighted month-on-month figure reaching 11,6 percent, a sharp rise from 1,1 percent in December 2024, according to the Zimbabwe National Statistics Agency (ZimStat).Similarly, the US$ month-on-month inflation rate jumped from 0,6 percent in December to 11,5 percent in January, reflecting a 10,9 percentage point increase.Meanwhile, the…
LEADING tax advisor, Marvellous Tapera, has called on the government to revise the country’s tax structure, asserting that the current framework does not support a business-friendly environment conducive to growth.In an interview with The Financial Gazette, Tapera, who is also the managing director of the consultancy firm, Tax Matrix, emphasised the importance of macroeconomic reforms,…
Elton ManguwoStaff WriterBUSINESS has applauded the Reserve Bank of Zimbabwe (RBZ) for its recent introduction of the Targeted Finance Facility (TFF), a measure aimed at boosting funding for the productive sectors of the economy and addressing the prevailing market liquidity challenges.The roll-out of the TFF is expected to provide much-needed financial support, stimulate economic growth,…
ZIMBABWE’s exports decreased by 23,5 percent to US$692,4 million in December 2024 from the November 2024 value of US$905,2 million, latest data showsAccording to the Zimbabwe National Statistics Agency’s latest data, industrial supplies comprised 94,6 percent of the goods exported in December 2024.Among the top 10 products exported in December 2024 was semi-manufactured gold at…
ZIMBABWE’s formal retail sector is at a crossroads, faced with a confluence of challenges that include “unfair” competition from the bourgeoning informal sector, supply chain complexities arising from exchange rate distortions and high operational costs among others. One of the country’s largest retail firms, OK Zimbabwe Limited (OK Zim) is among the worst affected. The…
THE current tight liquidity crunch is likely to persist as authorities seek to curb inflationary pressures, analysts say.The country has experienced a significant depreciation of the local unit, primarily driven by both demand and supply factors which resulted in inflationary pressures.Fiscal and monetary authorities have introduced measures to stabilise the economy on the back of…
BUSINESS is at the end of its tether over the triple whammy of Zimbabwe’s continuing exchange rate distortions, booming informal sector and public policy failures.Speaking to The Financial Gazette — the country’s number one business publication and prime voice for commerce and industry — experts said this week that it was time for authorities to…
THE real estate sector topped projected investment values for the fourth quarter of 2024, with an estimated US$2 billion, representing 43,60 percent of the total projected investment for the period, according to the Zimbabwe Investment Development Agency (ZIDA).Real estate remains a proven avenue for wealth creation, and Zimbabwe’s property market offers diverse opportunities. From residential…
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