HARARE - Zimbabwe month-on-month inflation rate for November 2021 fell slightly compared to the previous month. According to statistics released by the Zimbabwe National Statistics Agency (Zimstat), the month-on-month inflation rate shed 0.64 per cent to
Zimbabwe's annual inflation has been gradually rising since September last year, with monetary authorities attributing this to the parallel exchange rates pass-through effect on domestic inflation toward the end of last year. In his monetary policy statement earlier this month, Reserve Bank of Zimbabw...
In July last year, gold coins were introduced as part of several policy measures to ease demand for the greenback, stabilise the Zimbabwe dollar exchange rate and tame resurgent inflation. But the gold coins have done little to save the local currency that is trading at $1 to $2 100 on t...
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) had already raised tariffs by 50% on Sept. 23 to bring its rates in line with inflation running above 700%. The increase would hit residents whose salaries have lagged inflation, while businesses could pass on the cost to...
The economic situation in Zimbabwe has deteriorated significantly during this June. Zimbabwe’s National Bureau of Statistics reported that inflation in the country reached 785.5% year-on-year in May. In the face of a shortage of currency, the Reserve Bank of Zimbabwe began selling it at auctions...
desert wedrove, downSkeleton Coastwe cruised, over dustyduneswe danced. All a bit… dry. It was time for something very wet. And it can’t get much wetter than theVictoria Fallsin Southern Africa, so that’s just where we were headed next – on the border between Zambia and Zimbabwe....
Ghana's budget presented last month is a "pre-debt exchange budget" and will require revisions after a debt exchange programme is launched, the director of the treasury and debt management, Samuel Arkhurst said on Monday. (Reporting by Cooper Inveen Writing by Sofia Christensen Editing ...
LONDON (Reuters) - Sterling rose above $1.33 for the first time in 2020 and touched an eight-month high versus the U.S. dollar purely on the greenback’s weakness in the aftermath of Federal Reserve Chairman Jerome Powell’s speech at Jackson Hole. In hi
With Standard Bank as a joint lead and bookrunner, Liquid sold a $550m five-year bond with an 8.5% coupon, in line with initial price thoughts. “Investors looked through Liquid’s Zimbabwean presence and focused on its pan-African operations,” says Mr Penino Viñas. ...