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Zim needs export promotion strategy

Dr Gift Mugano Since dollarisation Zimbabwe witnessed incessant trade deficits which cumulatively increased to around $3 billion. From a trade perspective, our exports have been largely concentrated around three product categories, that is, minerals, tobacco and cotton. These three products constitute about 85 percent of total exports. To make matters …

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Potraz to introduce mobile network promotions framework

Enacy Mapakame Business Reporter THE Postal and Telecommunications Regulatory Authority of Zimbabwe will soon introduce a framework to govern promotions by mobile network operators. Last year, various mobile network operators’ promotions for voice calls, short messaging services and over the top services were suspended. POTRAZ director general Dr Gift Machengete told …

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Inflation hits two-year high but still negative

Zimbabwe’s inflation continued on its upward trend to reach its highest level in more than 24 months in January although is still negative according to data released yesterday by Zimstat, as consumers spent more for bread, cereal, fish, sea food, oils and fats and other products. “The year-on-year inflation rate …

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Paradox of inflation from below in liquidity crisis

Dr Tinashe Nyamunda In this article, I argue that the main problem in the Zimbabwean economy is not necessarily monetary, but the country needs to revitalise its economic fundamentals. Ever since the demonetisation of the Zimbabwe dollar and the short-lived stability of the foreign exchange denominated financial system, the country …

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RBZ sets up $70m nostro stabilisation facility

Dr Mangudya Business Reporter The Reserve Bank of Zimbabwe governor Dr John Mangudya has arranged a nostro stabilisation facility of $70 million, which will be disbursed to banks by the end of this month. The nostro stabilisation facility is expected to deal with current delays in the processing of outgoing …

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Afdis sales volumes up 25pc

BH24 Reporter Spirits distiller and wines maker African Distillers Limited recorded a 25 percent increase in sales volumes during the six months to December 31, 2016 which pushed up revenue by 10 percent to $14 million. The company’s sales volumes rose to 4,8 million during the period under review. Afdis …

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Tobacco auction floors to open next month

BH24 Reporter The 2017 tobacco selling season is set to officially open on March 15 with deliveries expected to start early next month, The Tobacco Industry and Marketing board has said. Auction floors are expected to open on March 15 and contract sales start on March 16 and deliveries will …

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WorldRemit partners ZimPost for new remittance routes

WORLDREMIT has partnered with ZimPost to open new remittance routes to Zimbabwe, which is expected to support the growing demand for instant transfers. BY BUSINESS REPORTER In a statement yesterday, WorldRemit South Africa country director, Pardon Mujakachi said they wanted to offer customers the widest and most convenient pay-out options. …

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