Zimbabwe’s tax agency hopes to surpass the 2015 revenue target of $3.7 billion despite missing last year’s fourth quarter forecast by 10 percent on the back of low economic activity, a senior official said.
Central bank governor John Mangudya yesterday said he will not experiment with the economy during his tenure but will find ways to push for implementation of radical changes that will drive economic growth.
The European Union today pledged over $110 million to support the Zimbabwe’s agriculture industry under a five year fund as the bloc resumes direct aid to the southern African country.
The Zimbabwe African National Union-Patriotic Front politburo today decided not to expel its former Secretary for Administration Didymus Mutasa but appointed a committee to look into his issue.
The Deposit Protection Corporation will pay out just over $1.7 million to depositors of the now defunct Trust Bank, the Reserve Bank said yesterday but provided a fresh window for new investors to shore up the bank.
Zimbabwe is the most repressed economy in sub-Saharan Africa and in the bottom five worldwide – due to government intervention, policy inconsistency and corruption, according to the 2015 Index of Economic Freedom which, however notes recent gains in monetary freedom and state spending.