RBZ provides US$41m for fuel

RBZ provides US$41m for fuel

By Staff Reporter THE Reserve Bank of Zimbabwe (RBZ) says it has provided US$41 million for the procurement of fuel and expects In a statement the bank further said it had begun drawing down on the US$500 million announced in the monetary policy statement. “The RBZ wishes to advise members of the public that it has started drawing down foreign currency from the US$500m lines of credit advised in the Monetary Policy Statement issued by the Bank last week.As advised the purpose of the facilities is to fund the procurement…

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Africa’s economic pulse- Zimbabwe where are we, how low is our heartbeat?

Africa’s economic pulse- Zimbabwe where are we, how low is our heartbeat?

By David Damiyano Global growth is moderating with 2017 growth pegged at 3.1% whilst incoming figures suggest that global economic growth is slowing down as a result of a downward momentum, in trade and investment. It is only in the United States were growth is sustainably accelerating due to her substantial pro-cyclical fiscus stimulus. Pro-cyclical fiscus is attained when a country saves more and more during its economic burst time. The talk of the town China is expected to experience a gradual deceleration together along with most industrial economies. Fierce…

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