Zims Informal Sector Employs Over 90% Of The Available Workforce

We, the associations listed below, representing informal economy businesses and workers throughout Zimbabwe, declare as follows: • The informal economy in Zimbabwe contributes 40% of the total economy. In addition, it employs over 90% of the available Zimbabwe workforce. Nearly two-thirds of the people working in the informal economy are women. It is, therefore, a …

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RBZ Falls Deeper Into A Crisis of Confidence

By Mufaro Three years ago Mnangagwa assured “business and the general populace that bond notes are not going to replace the multi-currency basket”. Fast forward to today, trading in any other currency outside the bond note and RTGS is now illegal in Zimbabwe through Statutory Instrument 142 of 2019. RBZ’s policy interventions this week have sent …

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Zimdollar : Renaming Our Poverty 

By Wisdom Mumera Initially, the Zimdollar went out without much fanfare. It died a natural death and was mourned by none. It slowly disappeared as the market self-dollarised and the government had to play catch-up by announcing the formal entrance of the multi-currency regime. After the entrance of bond notes, the market has been in …

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Just In: Zim, EU Launch Formal Political Dialogue

The Zimbabwean government and the European Union today launched the formal  Political dialogue which is expected to improve the relations between the two countries. Speaking at the launch of the dialogue, Foreign Affairs Permanent Secretary, James Manzou, said the dialogue followed three years of informal exchange between the two institutions. “I’m delighted that after three …

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[DOWNLOAD] Reserve Bank of Zimbabwe 2019 Monetary Policy Statement

The Bank has taken note of the excellent contributions from the business community, bankers, the academia, the media and members of the public on the need to establish an inter-bank foreign exchange market to formalise the selling and buying of USDs through banks and bureau de change. This is essential in order to bring sanity …

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