Zimbabwe’s annual broad money supply grew by 22.67 percent in April to $6.2 billion, largely driven by an increase of 31.22 percent in transferable deposits, latest data from the central bank has shown.
Clothing retail chain Edgars Stores says the rapid increase in unregulated commerce in the country is hurting its operations as it is made to compete with businesses that do not pay tax.
The Movement for Democratic Change- Tsvangirai has called on the Zimbabwe Electoral Commission to scrap the requirement that people intending to register as voters for next year’s elections must provide proof of residence.
The Securities and Exchange Commission of Zimbabwe (SECZ) says it will soon introduce online trading and reporting of securities transactions and investments for the capital markets to promote financial inclusion and deepen local capital markets.
The Insurance and Pensions Commission (IPEC) says it will go ahead with plans to float a $50 million bond aimed at financing the development of the country’s irrigation infrastructure.
Movement for Democratic Change leader Morgan Tsvangirai should lead the proposed opposition coalition because he is the “first born” of the opposition movement.