THE economy is edging closer to full dollarisation amid reports that the informal sector is rejecting the dual pricing regime, exclusively selling in the United.
Huge volume of investments flowing into the country is not commensurate with revenues the Fiscus is recording, a situation that is worrying, according to the Zimbabwe Investment and Development Agency (ZIDA). ZIDA is the Government’s investment promotion agency, responsible for facilitating domestic and foreign investment in the country and last week raised an alarm that…
Business should brace for a tougher 2024 on the back of projected El Niño phenomenon that will negatively impact on the agriculture sector and dent the country’s electricity generation capacity, key sectors that are the backbone of Zimbabwe’s broad-based inclusive economy, according to economists. The first half of 2023 was highly volatile, characterised by hyperinflation,…
HARARE - Zimbabwe’s power supply situation remains a liability to businesses with the sustained electricity tariff hikes, without guaranteeing consistent supply, disrupting operations and threatening viability, business member groups and analysts said. This comes after the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) received regulatory approval to review the tariff level by 2 US cents…