Zimbabwe faces cooking oil shortages again
Zimbabwe is facing a shortage of fresh cooking oil after the sharp rise in cooking oil prices in international markets and foreign exchange shortages causing profitability problems for the sector.
Reserve Bank of Zimbabwe
Businesses Refusing Zimdollar Face Arrest
HARARE – Zimbabwe will not adopt the United States dollar as the country’s sole currency, but will work to progressively defend the value of the local unit, while businesses that refuse to accept the Zimbabwe dollar risk arrest, Finance and Economic Development Minister, Professor Mthuli Ncube, has said.
Zimbabwe reviews inflation projections
Zimbabwe's annual inflation may breach the upper cap of 25 percent target in 2021 on surging global commodity markets, supply disruptions, stimulus interventions and currencies depreciation induced by the coronavirus pandemic.
Zim external debt rise to US$17bn
The country is in debt-distress as it closed the year 2020 owing to its external creditors as much as US$10,523 billion in Public and Publicly Guaranteed debt with more expected to be loaded on the total bill, Business Weekly revealed in a report.
Zimbabwe names new Monetary Policy Committee
Zimbabwe's Finance and Economic Development Minister, Professor Mthuli Ncube on Sunday appointed five new members to Reserve Bank of Zimbabwe Monetary Policy Committee (MPC).
Zimbabwe acquired US$1.4 billion loans from Afreximbank since 2017
Finance Minister, Professor Mthuli Ncube has disclosed that the Reserve Bank of Zimbabwe acquired three loans from Afreximbank since 2017 totaling a massive US$1.4 billion.
Zimbabwe’s January inflation rises to 362,6pc
Zimbabwe's annual inflation rate rose to 362.63 percent in January 2020, up from 348.59 percent last month, according to latest numbers from the Zimbabwe National Statistical Agency (ZimStat).
Mthuli Ncube faces prosecution over 2pc tax
Prosecutor General Kumbirai Hodzi has been petitioned to charge finance minister Mthuli Ncube with criminal abuse of office over a series of actions that have caused Zimbabweans financial losses in the billions of dollars.
President Mnangagwa extends Mangudya’s contract
President Emmerson Mnangagwa has extended the term of central bank governor Dr John Mangudya for another five years.
