Nov 27, 2020
The government is coming down hard on the informal sector
After spending months locked down and returning to low business the informal sector now has to contend with a government shakedown.
Nov 27, 2020
The 2021 National Budget: Tax relief didn’t go far enough
The Tax Relief measures in the 2021 National Budget didn’t go far enough as Zimbabweans are struggling to survive because of the COVID19 pandemic .
Nov 24, 2020
NDS1 is the government’s greatest show yet
Zimbabwe’s most recent economic revival plans are now a trilogy, will the NDS1 be any different from the last?
Oct 29, 2020
First Capital Bank launches remittance service – Zimbos can receive money from 150+ countries
First Capital Bank has announced the opening of a money transfer service. The bank partnered with Money Transfer agents RIA Financial Services, the 3rd largest remittance company in the world. Under what they are describing as an “exciting partnership” First Capital Bank will take advantage of RIAs 160 country & 385 000 location network. People […]
Oct 19, 2020
Victoria Falls Stock Exchange launching on Friday, Old Mutual will list there
So the Victoria Falls Stock Exchange, the one the government said was for companies to raise foreign currency capital is being officially launched this coming Friday. Its doors will open next week Monday. What we found to be interesting is that dual listed counters (you know those companies that are listed on the Zimbabwe Stocks […]
Sep 22, 2020
OneMoney added 337 000 subscribers in Q2 whilst other mobile money services struggled – What gives?
POTRAZ Q2 2020 report is out and whilst the mobile money industry generally took a big hit, NetOne seemed to do exceedingly well in the same period. EcoCash (the industry leader) and Telecash lost 7.6% and 34% of their subscribers respectively. In the same climate, one would assume that OneMoney would also be struggling but […]
Sep 22, 2020
Forex Auction results, Zim dollar nudges up slightly. Rate at 81.4965
Forex auction results for 22 of September 2020 are in and the Zim dollar has continued it’s “upward” trend. The weighted average this week has made a small improvement from ZWL$81.7076 last week to ZWL$81.4965 this week. Full Forex Auction Results 22 September 2020 are as follows: SME Auction #8 Main Auction #14 Amount Allotted […]
Sep 15, 2020
Forex Auction, Zim dollar sees another week on the up. Rate at 81.7076
The Forex Auction results for 15/09/20 are in and the Zimbabwe dollar has yet again seen an upturn. This week the weighted median average is ZWL$81.7076 which is a ZWL$0.9917 gain from last week’s rate of ZWL$82.6993. The climb is much more substantial than last week’s ZWL$0.6216 from the rate the week before which sat […]
Sep 14, 2020
President ED – State had to act against EcoCash because $8.4 billion was circulating outside the banking system
President Mnangagwa recently addressed a ZANU-PF Committee in Gweru and in that address he spoke on the long-running feud between EcoCash and the state. The President had some interesting things to say about the mobile money operator which has been accused by the financial regulator and state officials of being behind runaway inflation. We realised […]
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