Monday, November 19, 2018
Chris Chenga This year opened with a feverish rush, particularly in infrastructure. Beaming headlines in the Financial Times such as “investments in infrastructure assets soar”. Publications by advisory beacons McKinsey Global Institute, for instance, affirmed up to $57 trillion worth of opportunity over the next 15 years in potential...
Tinashe Nyamunda The Fiscal and Monetary Policy Reviews presented in the last two weeks, while an important aspect of the media calendar, was just business as usual for many ordinary Zimbabweans, at least the ones that I spoke to. In this column, I too discussed what I thought both policy...
Brendrick Wamambo The mid-term Monetary Policy Statement presented on Wednesday gives a good picture of recent economic developments. There is more disclosure on the stock of Treasury Bills, the worsening cash situation and the causes of currency shortages. It is also a sobering presentation in that it alludes to the...
Tinashe Nyamunda Many reports on the Monetary Policy Statement (MPS) are largely focusing on monetary expansion through the printing of a further $300 million bond dollar (or bollars). This injection which will raise bond money in circulation to $500 million is backed by an African Export and Import Bank facility...
Prosper Ndlovu Bulawayo Bureau Diversification and innovation are the buzzwords for Bulawayo’s surviving industries whose resilience in the face of a difficult macro-economic climate deserves applause. While the city has seen a demise of major companies recently, resulting in massive job losses, it would be gross exaggeration to claim its...
Chris Chenga Are Auditor-Generals meant to be popular? Well, one can suppose that it really depends on who is passing the opinion; pun intended. To an interested public, Mildred Chiri has grown notably famous. There is irony in her garnered fame though. Accountants are superficially perceived to be boring personalities exercising...
Kudzanai Sharara The Annual Budget Review for 2016 presented by Finance and Economic Development Minister Patrick Chinamasa carried one important statistic that might have been skipped or overlooked by many, including analysts and economists. The key statistic was that household consumption for 2016 was down 11,8 percent. While this figure is...
Sifelani Tsiko recently in JOHANNESBURG, South Africa The volume of intra-African trade could easily double to $400 billion from the current level of $170 billion if market information is shared and widely distributed among African countries, a trade analyst says. Gainmore Zanamwe, African Export — Import Bank (Afreximbank), senior manager for...
Chris Chenga Globally, where the most optimistic stories are told, the world economy has been experiencing anaemic growth at best! At the polar end, the worst scenarios over the last decade have been cases of debt overhangs and bleak economic outlooks. Even the once decorated BRICS (exclude China) have not...
Reserve Bank of Zimbabwe Governor Dr John Mangudya, in co-operation with the Ministry of Finance and Economic Development, is certainly making his loans from Afreximbank work very very hard. These facility loans are expected to perform a triple function: Providing the short-term and medium-term foreign exchange liquidity needed by exporters...