Inflation hits a new low, marking an unnoticed impact as the exchange rate is racing to lose its total value. The latest recorded inflation rate is 229.8% YOY and 1.1% MOM according to the national st
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China claims it will begin purchasing oil and gas in yuan as 2023 drags on, a move that may eventually put the dollar's position as the world's reserve currency in jeopardy.
A recession, defined as two consecutive quarters of negative economic growth, can be caused by economic shocks (such as a spike in oil prices), financial panics (like the one that preceded the Great R
The global economy is experiencing massive growth in debt exacerbated by the COVID-19 pandemic which had forced countries to borrow to boost their reserves and bring some form of economic resilience.
On the fifth of December 2022, the government, through the Reserve Bank of Zimbabwe issued a circular about the resolutions agreed upon by the Monetary Policy Committee (MPC) in the meeting held on th
The money made from the sale of goods and services has been increasing steadily between FY2016 and FY2021, with revenue growing at a Compound Annual Growth Rate (CARG) of 4.79%. However, it should be
20,000 metric tons of fertilizer made in Russia were shipped from the Netherlands to Malawi as part of a pact mediated by the United Nations to maintain agricultural products flowing to international
Zimbabwe just topped the list for food inflation with a 351% spike, and the situation at the Kariba dam would only exacerbate the country's critical food security concerns. Low-income workers are most
The Zimbabwean economy is rooted in agricultural productivity, according to the National Economic strategy, NDS1 (National Development Strategy1). Agriculture has an important role in Zimbabwe's long-
In March 2022, Russian President Vladimir Putin demanded that "unfriendly countries" use rubles to purchase his country's oil and gas, sending energy prices even higher as markets continue bearishly.
inance and Economic Development Minister, Professor Mthuli Ncube revealed that a tight monetary and fiscal policy stance will remain as the government tries hard to battle inflation. In a statement
According to the International Monetary Fund, other economies are also having difficulties (IMF). However, in terms of economic growth, the UK ranks last within the G7 group of advanced industrial
The Reserve Bank of Zimbabwe (RBZ) has introduced a Collateral Registry as it moves to enhance financial inclusion and increased access to finance through expanding the range of qualifying collateral
The loan-to-deposit ratio (LDR) has remained relatively low for the past three years for Zimbabwean commercial banks averaging 45 percent over the period against an international threshold level of 70
Mining outfit, Caledonia Mining Corporation Private Limited has posted a record gold production of 21,120 ounces during the third quarter ended 30 September 2022 signalling an 11.4% uptick from 18,965
Despite massive blackouts which are rattling the Sub-Saharan continent from Kenya to South Africa to Nigeria, and Zimbabwe, Africa still boasts with significant untapped fossil and renewable resource