During Mthuli Ncube’s 2020 Budget presentation yesterday, the Finance Minister announced that as part of Research and Development efforts the government will set aside resources to launch a space satellite: […]
I have heard and bumped into a couple of entrepreneurs who claim that their idea was stolen by a certain established company. Well, now the government is going to protect […]
The Minister of Finance Mthuli Ncube presented his budget earlier today and the emphasis in 2020 will be moving away from austerity to growth. In line with this goal is […]
Watch the budget presentation below See more Finance Minister Mthuli Ncube will today present the 2020 National Budget Statement at 1445 Hours. You can catch the latest updates of the […]
The story about government introducing a new currency has been marked by twists and turns. Initially, Finance Minister Mthuli Ncube himself mentioned that a new currency in the form of […]
Renowned Economist, Eddie Cross revealed that Zimbabwe is going to have a new currency next month. Mr Cross revealed this as he was urging the government to increase money supply […]
Kutsvaga kweashaya, kutsvaga uta nemugate. That’s a Shona proverb which translates to “The frantic search of someone who has lost something and has no hope of finding it, s/he will […]
A new Statutory Instrument that’s just been gazetted will now penalize businesses that qoute,charge and receive payments in US dollars or any other kind of foreign currency. The new Statutory […]
Following today’s court ruling against the controversial 2% tax, the largest opposition party MDC has issued a statement commenting on the ruling. Here’s the statement: High Court outlaws ED government’s […]
Earlier on, we wrote about the High Court ruling which nullified the controversial 2% tax. But there’s still a question on how the ruling will affect the current state of […]
According to a Bloomberg report, Finance Minister, Mthuli Ncube will soon replace bond notes and coins with new paper notes and coins. Dont freak out, it’s not another currency that’s […]
When Mthuli Ncube introduced the infamous 2% tax last year, he set up a tax-free threshold of transactions worth USD $10. That means that all USD $10-and-below transactions were exempted […]
Update: The Mid-year Fiscal Policy Review Statement Presentation didn’t happen yesterday as we had told you but its happening today at 14:30. Later on today, Finance Minister Mthuli Ncube will […]
It’s early days yet with all this ‘new Zim Dollar’ and forex ban stuff. However, today the exchange rate between local currency and other currencies like the USD is an […]
This should tell Finance Minister Mthuli Ncube and the Reserve Bank of Zimbabwe not to spring major policy shifts on everyone the way they did with the re-introduction of the […]
I never bought into the whole FCA nostro nonsense. This is one of the times however, that I hate to be proved right. The directive sent to banks by the […]
What’s our official currency? Now our official currency is called Zimbabwe Dollar. It’s now the legal tender. What makes up the Zimbabwean Dollar? The Zimbabwean Dollar is made up of […]
RBZ has some trick up its sleeves to try to stabilize the value of the Zim Dollar. Here are the measures: Further to the Statutory Instrument 142 of 2019 issued […]
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 […]