Finance

Zimbabwe uses platinum to pay back $400 million Afrexim Bank debt

By Bloomberg news Zimbabwe is using the proceeds of its platinum exports to settle a $400 million loan from the
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Zimbabwe treasury boss says economic growth to slow in 2024 due to drought

By Reuters HARARE: Zimbabwe’s economic growth is expected to fall to 3.5% in 2024 from 5.5% this year, mainly due
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Government mulls wealth tax targeting the rich; to introduce ‘mansion tax’

By Xinhua HARARE: Zimbabwe’s Minister of Finance, Economic Development and Investment Promotion Mthuli Ncube on Thursday proposed a “wealth tax”
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Mnangagwa and Mthuli hold talks IMF, World Bank officials

By Xinhua HARARE: Zimbabwean President Emmerson Mnangagwa on Thursday held talks with officials from the International Monetary Fund (IMF) and
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Zimbabwe’s inflation quickens two months after new price measure

By Bloomberg News HARARE: Zimbabwe’s annual inflation rate climbed for the first time since the recent adoption of a new
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Digitalisation reduces the number of jobs in Zimbabwe banks by 75%

By Agencies Zimbabwe’s union of bank and related employees, ZIBAWU, says 75% of jobs in the sector have been eliminated
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FBC Holdings acquires Standard Chartered Bank Zimbabwe

By Agencies HARARE: In a move that reshapes Zimbabwe’s banking landscape, FBC Holdings has successfully acquired 100% of Standard Chartered
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Reserve bank sees use of US dollars offering policy consistency

By Bloomberg News Zimbabwe’s decision to keep using US dollars until 2030 allows for policy consistency, after previous currency turmoil
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Zimbabwean businesses welcome extension of US$-based currency system to 2030

By Tafara Mugwara I Xinhua HARARE: Zimbabwean businesses have welcomed the move to extend the U.S. dollar-dominated multi-currency system by
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Zimbabwe extends multi-currency system to 2030

By Reuters HARARE: Zimbabwe’s government will maintain its multi-currency system, anchored by the U.S. dollar, to 2030, it said on
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