Economic and Finance

Zimbabwe’s Reserve Bank to introduce new currency in November

The Reserve Bank of Zimbabwe’s (RBZ) Monetary Policy Committee has announced that a new currency will be introduced in November. According to the bank’s Monetary Policy Committee member, Eddie Cross, the new currency would be introduced in a move to curb the current cash shortage in the country. “I commend President (Emmerson) Mnangagwa for taking a bold decision to freeze accounts of companies suspected of fueling...

IMF IMPRESSED WITH MALAWI ECONOMY ,CONSIDERS TO INCREASE FUNDING

The International Monetary Fund during its second and third review in Malawi has commended the Malawi government for its effort in maintaining inflation rate of single digit while interest rate going down. The IMF mission team which arrived on 10 September 2019 through its mission’s chief Prita Mintra considers increasing funding allocation through the Extended Credit Facility. “Despite facing challenges in Agricultural sector caused by cyclone...

Malawi Govt Reveals K1.7 Trillion 2019/20 National Budget

Malawi Government have through Finance Minister Joseph Mwanamvekha on Monday presented Malawi's K1.7 trillion 2019/20 budget which he touted as having been prepared with the objective of reducing domestic borrowing while entrenching macroeconomic stability and fostering higher, more resilient and inclusive growth. In 2018-19 fiscal year, government made a budget of K1.4 Trillion with huge allocations witnessed over and not comfort with actual development on...

3 advantages of business over job

For a number of reasons, owning a business is better than being employed. Is there information that you would like Kenyans to know? Tell Hivisasa and we will share with the world. Click here to submit. Although a business can be challenging than a job, it still guarantees you more happiness and freedom than getting employed to work for someone else. Here are 3 major advantages that...

Don’t be over-optimistic on investment returns

A survey shows most Africans are expecting their investments to earn returns way higher than markets are likely to deliver. Most Africans are expecting their investments to earn returns way higher than markets are likely to deliver, according to a survey conducted by an asset manager. Investors may have enjoyed good returns from global markets over the past decade, but a number of factors are likely...

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