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In a way, Zimbabwe is paying the prize of authorities’ procrastination to tackle a power crisis that they knew back in 2003 would tear through southern Africa by 2007.
Analysts said the move, will bring immediate relief to industries, who had been forced to stop crucial investments due to high borrowing costs.
THE Reserve Bank of Zimbabwe (RBZ) yesterday slashed its policy rate further to 140%. The policy rate had been pegged at 150% at the beginning of the year, from...
THE Reserve Bank of Zimbabwe (RBZ) yesterday slashed its policy rate further to 140%. The policy rate had been pegged at 150% at the beginning of the year, from...
ZIMBABWE’S debt profile escalated in the last year to almost $1,9 trillion, or about US$17,5 billion, mostly on account of non-payment of arrears