Zimbabwe’s inflation soared to 74.5 percent during the month of June, accelerating by 58.8 percentage points on May inflation rate of 15.7 percent as authorities struggled with exchange rate pressures. The Zimbabwe dollar lost over 30 percent of its value in June alone, putting prices in
The Reserve Bank of Zimbabwe (RBZ) has cut its policy rate by 10 percentage points to 140 percent –a month after another cut to 150 percent driven by a downward inflation trend. Month-on-month inflation declined from 0.7 percent in January this year to -1.6% in February
263Chat · 'Be Bold' - Pres ED Told As Inflation Skyrockets President Emmerson Mnangagwa has been urged to decisively deal with the economic situation which has seen inflation fluctuate alarmingly while basic commodities have spiralled out of the reach of many. The Mnangagwa administration has been battling
The Reserve Bank of Zimbabwe (RBZ) has issued new $ 10 and $ 20 notes which are set to start circulation next week Tuesday and first week of June, respectively, as authorities step up efforts to ease cash challenges in the economy. In a statement released
President Emmerson Mnangagwa has for the first time spoken out on the prevailing economic situation in the country, saying his government is working to reform and restructure the economy while urging businesses not to panic as multi-currency system will not be phased out soon. There have
According to the group chairperson Elisha Moyo, the low demand is also a factor of the quality of space on the market, some of which is no longer suitable for emerging businesses and small to medium enterprises.
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