Read Our Latest Articles

Monday - Friday9am- 5pm

37 Victoria Avenue Newlands, Harare

Harare Office +263242776598-9

Rate this item
(0 votes)
Cassava Smartech, the parent company of EcoCash, has made an urgent chamber application seeking a temporary interdict seeking to reverse government’s decision to bar cash-ins and cash-outs under mobile money platforms. Government on Monday ordered the shutdown of the cash-in and cash-out facilities citing Section 10 of the National Payment Systems Act as it moves to stem illegal foreign currency trades which has seen the US$:ZWL$ rate hitting 25 two weeks ago. EcoCash became operational…
Tuesday, 01 October 2019 607 times
Rate this item
(0 votes)
The Reserve Bank of Zimbabwe yesterday issued a directive barring EcoCash agents from cashing in or cashing out money as authorities make frantic efforts to manage the current exchange regime. The decision to suspend operations of the mobile money platforms, that have been in the past been credited for promoting financial inclusion in the country generated a lot of debate. Before this, the country’s mobile phone operator, Econet Wireless, had closed nearly 3000 agents for…
Monday, 30 September 2019 626 times
Rate this item
(0 votes)
The past week has been a difficult one for Zimbabwe’s President Emmerson Mnangagwa. Domestically and on the international arena—everything seemed to be off the rails. During the week under review, the International Monetary Fund (IMF) raised the red flag over the central bank’s appetite for quasi-fiscal activities, particularly payments made under the controversial Command Agriculture Programme. In our previous analyses we have highlighted how the import-substitution programme should be reviewed to improve transparency and more…
Wednesday, 25 September 2019 480 times
Rate this item
(0 votes)
The National Budget formulation process has begun. Like many budgets across the globe, there will be competing interests when this fiscal policy document is crafted. In the case of Zimbabwe however, the budget comes at a time when the nation is in despair. In fact during the first quarter of the year, 2019 was being described as an annus horibilis—a horrible year. Rising inflation, fuel prices, companies scaling down operations and the general socio-political environment…
Monday, 23 September 2019 755 times
Rate this item
(0 votes)
President Emmerson Mnangagwa is this week expected to attend the United Nations General Assembly in New York, USA. The annual meetings come barely a month after the Southern African Development Community held a summit and declared October 25 as a day entities within the region will organise activities and lobby the US to lift sanctions or restrictive measures on Zimbabwe.  The Zimbabwe Democracy and Economic Reform Act (Zidera) has been a thorn in the flesh…
Friday, 20 September 2019 702 times
Rate this item
(0 votes)
The Zimbabwe dollar this week crashed against the United States dollar, a development that immediately ignited debate on the currency issue. After abandoning the multi-currency system for the introduction of the domestic currency, authorities have over the past few months grappled to defend the value of the local unit. When Finance Minister Mthuli Ncube said the introduction of the Zimbabwe dollar would make local exports competitive and this monetary reform would stabilize inflation not many…
Wednesday, 18 September 2019 5173 times
Rate this item
(0 votes)
High Court judge, Justice Happias Zhou yesterday set aside Statutory Instrument 205/2018 which gave legal effect to the Intermediated Money Transfer Tax which is commonly known as the 2 percent tax on all electronic transactions. Last October Treasury introduced the tax to widen revenue streams and narrow fiscal deficits. Years of fiscal indiscipline left government walking on a tight fiscal rope. With no budgetary support government has struggled to finance capital expenditure and fund social…
Monday, 16 September 2019 3068 times
Rate this item
(0 votes)
Reserve Bank of Zimbabwe governor John Mangudya last week announced his Monetary Policy Statement while the country was mourning the death of former President Robert Mugabe. The policy statement came at a time the economy is facing inflationary pressures emanating from a litany of factors such as the lagged effects of monetisation of past fiscal deficits, market correction, spiralling parallel exchange rate premiums and speculative pricing. Premiums on the exchange rate on bank notes and…
Tuesday, 10 September 2019 6799 times
Rate this item
(0 votes)
The Diaspora Infrastructure Development Group (DIDG), a consortium of Zimbabweans living outside the country has renewed its interest in turning around the fortunes of the National Railways of Zimbabwe. The technical, operational, and financial performance of NRZ has over the years been adversely affected by the macroeconomic instability at the height of the country’s economic meltdown in 2008 and, in particular, the critical shortage of foreign exchange. Apart from effects of an underperforming economy, which…
Monday, 09 September 2019 4567 times
Rate this item
(0 votes)
Former president Robert Mugabe’s death has become the most trending topic both locally and internationally. Several obituaries were penned since last Friday when he breathed his last breath aged 95. Some writers extolled the virtues of the ex-leader while others vilified him. Just two years ago Mugabe had turned into a mentor-cum-tormentor for his successor Emmerson Mnangagwa. In this analysis we look at the highlights of Mugabe’s economic policies and what impact they have had…
Thursday, 05 September 2019 690 times
Rate this item
(0 votes)
The Zimbabwe dollar this week weakened against the United States as authorities struggle to defend the value of the domestic currency. The local currency, which was trading at ZW$11.11: US$1 lost 30 percent of its value. With gold deliveries declining due to side-marketing triggered by unfavourable prices, the depreciation of the domestic currency is seen continuing in the short to medium term.  Gold is the single largest foreign currency earner after overtaking tobacco last year.…
Wednesday, 04 September 2019 702 times
Rate this item
(0 votes)
Zimbabwe was on Wednesday ranked 114 out of 140 economies on the World Economic Forum Travel and Tourism Index. Spain was the top-ranked economy while Yemen was at the tails end. President Emmerson Mnangagwa is joining over 1000 global leaders, start-up founders, development experts, artists and innovators who are in Cape Town, South Africa for the World Economic Forum (WEF)-Africa meetings. One of the key highlights of these meetings is the Travel and Tourism Competitiveness…
Wednesday, 04 September 2019 576 times
Rate this item
(0 votes)
Foreign policy is a complex area of study in Zimbabwe and across the globe. After taking over power following the resignation of the country’s first post-Independence executive leader Robert Mugabe, incumbent President Emmerson Mnangagwa promised several reforms—all in the bid to shake off the monkey behind Zimbabwe’s back. He had international goodwill. Former colonial power, Britain, was one of the developed countries to endorse Zimbabwe’s transition. UK Foreign Office officials pleaded with the world to…
Tuesday, 03 September 2019 379 times
Rate this item
(0 votes)
SA violence Zim companies The Zimbabwe Cross Borders Transport Association has warned that it will stop all South African cross border transport if reported attacks by South African nationals on foreign truck drivers proceed. View Ongoing xenophobic attacks in South Africa have the potential to explode into a regional crisis. Regional leaders should move in to avert the looming crisis. Ex-ZPC boss jailed Former Zimbabwe Power Company chairperson Stanley Kazhanje was yesterday sentenced to three…
Friday, 30 August 2019 654 times
Rate this item
(0 votes)
President Emmerson Mnangagwa this week launched investment blueprint for Zimbabwe during the Tokyo International Conference on African Development which is underway in Japan. Under the neo-liberal document, Zimbabwe promised to stop policy inconsistency, respect property rights, protect and promote foreign direct investments among other issues. According to the new document, the new policy is a departure from the Dependency Theory centred approach where the role of developing countries is to provide raw materials for developed…
Wednesday, 28 August 2019 463 times
Rate this item
(0 votes)
Latest statistics from the country’s statistical agency indicate that Zimbabwe recorded a trade deficit of $605 million between February and July this year, down 62 percent compared to the same period last year. According to the Zimbabwe Statistics Agency (ZimStat) between February and July, the country exported goods and services worth $2.4 billion against imports of $1.8 billion. During the same period last year, imports stood at $3.54 billion and exports at $1.58 billion. What…
Wednesday, 28 August 2019 451 times
Rate this item
(0 votes)
President Mnangagwa meets regional leaders in Japan President Mnangagwa arrived in Japan to attend the 7th Tokyo International Conference on African Development which begins Wednesday with principal focus on business and investment. View: While it is noble for Zimbabwe to diversify its export destinations we contend that Zimbabwe should first strengthen is domestic policy before she can aggressively pursue her foreign. The country’s foreign policy should an extension of its domestic policy. As it stands local…
Tuesday, 27 August 2019 360 times
Rate this item
(0 votes)
Zimbabwe is considering pulling out of the Convention on International Trade in Endangered Species of Fauna and Flora (CITES) to fully benefit from its conservation of natural resources after the just ended 18th meeting of the Conference of the parties to CITES in Geneva this week rejected a proposal by SADC countries to open trade to clear existing stockpiles of ivory. Zimbabwe is sitting on US$600 million worth of stock is battling a floundering economy.…
Page 2 of 3