Finance

Zimbabwe’s central bank keeps interest rate at 35%; Africa highest

By Reuters HARARE: Zimbabwe’s central bank said on Wednesday that its Monetary Policy Committee (MPC) had met and decided to
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BUDGET: Zimbabwe sees 2025 growth rebound after this year’s drought

By Reuters HARARE: Zimbabwe’s government expects economic growth to accelerate to 6% in 2025 from 2% this year, helped by
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Govt finances face “even greater pressure” from debt payments – Africa Bank chief

By Bloomberg Zimbabwe faces “even greater pressure” on its stretched finances from the weight of reforms it’s implementing to try
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ZiG devaluation forces government to cut budget spending

By Bloomberg News HARARE: Zimbabwe’s currency devaluation is forcing the government to cut spending on certain budget items. The country’s
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Zimbabwe to hold talks on $21bn debt albatross this month

By Bloomberg HARARE: Zimbabwe will resume talks with creditors later this month to restructure $21 billion in external debt as
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Zimbabwe’s tight monetary policy stance boosts ZiG, MPC member says

By Bloomberg Zimbabwe’s gold-backed currency posted its first gain in more than two weeks, suggesting that tighter monetary policy is
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Government undermining ZiG by overspending – says country’s biggest brokerage

By Bloomberg HARARE: Zimbabwe’s new gold-backed currency is likely being undermined by the state tapping the central bank for funding
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Zimbabwe treasury secretary rules out exchange-rate convergence

By Bloomberg HARARE: Zimbabwe won’t allow the street rate of the ZiG to determine where its official rate should be
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Zimbabwe central bank chief says ZiG 43% devaluation a ‘once-off’ event

By Bloomberg News HARARE: Zimbabwe sought to assure citizens that its gold-backed currency would not suffer another steep devaluation and
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Zimbabwe government hires advisers over US$21 defaulted debt

By Bloomberg Zimbabwe’s government has hired financial and legal advisers to help it navigate potential talks with international creditors over
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