With the introduction of Zim dollar this morning many people have said a ton of things about Finance Minister Mthuli Ncube’s latest policy. Here are just a few selected tweets […]
So the Zim dollar is back, sort of… There is no physical currency called the Zim dollar yet but effective today, what we have been calling RTGS dollars and bond […]
President Emmerson Mnangagwa is in Maputo, Mozambique attending the US-Africa Business Summit. He spoke to Bloomberg on the sidelines of the summit. In that interview, the president again talked about […]
I’ve heard a lot more grumbles when people send money using EcoCash. Why? Well, the general feeling is that doing so costs an arm and a leg and if there […]
The Reserve Bank Of Zimbabwe has announced (through their Twitter) that they will be drawing down on a US$500 million fund to supply the Interbank foreign currency exchange market on […]
FBC has great news for local start-ups. The Banks now has a new strategic business unit which will act as its venture capital. The bank says this venture capital was […]
Our government has been trying to get some of it’s parastatals off its hand, with the most notable (and relevant to us) being TelOne and NetOne. Most recently the Minister […]
In November last year, Mthuli Ncube made it clear that there would be a biometric registration of civil workers in order to weed ghost workers. Mr Speaker, Sir, previous Civil […]
Standard Chartered Bank has notified customers of increases on a number of fees they levy. The bank says this has been necessitated by increases in pricing by some of their […]
Internet data usage has been on the rise for a number of years now and interestingly 2018 was no different. The amount of mobile internet data that was used by […]
The Minister of Finance and Economic Development, Mthuli Ncube has proposed to cabinet and got approval to sell off TelOne and NetOne as a bundle. TelOne is Zimbabwe’s only fixed […]
African Economic Research Consortium (AERC) will hold its twenty-first Senior Policy Seminar from March 21-22 at Meikles Hotel in Harare Zimbabwe, co-hosted by the Reserve Bank of Zimbabwe. Honorable Prof. […]
So in October 2018, Finance and Economic Development Minister, Mthuli Ncube introduced a 2% tax on all electronic transactions in Zimbabwe. The tax has been subject to a lot of […]
Nothing is as universally loathed by people as Mthuli Ncube’s 2% tax. Dubbed the Electronic Transactions Tax, it was introduced last year where the government would levy 2% tax on all […]
While it was initially conceived as a way to send and receive money, Ecocash has become the unofficial currency of Zimbabwe. They might be calling them RTGS dollars but Ecocash […]
One thing that’s for sure: electronic transactions are now expensive in Zimbabwe. Ironically so when the government says they are pushing for a cashless economy. I don’t know how they […]
The starting exchange rate between the USD and recently introduced RTGS dollar will be 1:2.5. This was announced by the governor of the Reserve Bank of Zimbabwe, John Mangudya at […]
The first of the two monetary policy presentations for 2019 has just happened. The presentation was very late according to the legal schedule. We in media only got a very […]
While Zimbabwe certainly still has a biting foreign currency crisis one thing appears to have gotten less severe for some reason: The Cash crisis, which is still definitely a problem […]
So the Reserve Bank of Zimbabwe Act, the law that establishes and regulates the central bank states that the bank should issue 2 monetary policy statements per year. One of […]