Finance Minister Ncube says firms profit more by avoiding compliance as Zimbabwe’s informal economy balloons to 76%.
Zimbabwe economy
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KEY POINTS Zimbabwe’s GDP growth is projected to reach 6% in 2025, driven by agriculture, infrastructure, and foreign investment. The ZiG currency …
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Zimbabwe’s ZiG currency, introduced in 2023 to replace the U.S. dollar, is faltering amid low liquidity, tight policy, and limited economic use
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Zimbabwe and Switzerland have signed a tax agreement to enhance investment and reduce double taxation, benefiting both economies.
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President Mnangagwa reaffirmed ZANU PF’s commitment to people-centered development, highlighting progress in agriculture, mining, ICT, and national unity.
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Zimbabwean companies are required to report financials using ZiG, leading to concerns about hyperinflationary accounting, rising costs, and financial instability.
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Zimbabwe mandates electronic money for all businesses to drive business formalization in Zimbabwe, improve tax compliance, and reduce revenue losses from informality
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President Mnangagwa urges his cabinet to focus on Vision 2030, improve governance, and drive economic transformation with bold and decisive leadership.
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Zimbabwe confirms it has enough grain to last until April, reassures citizens on food security, and announces new economic policies and Youth …
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Zimbabwe’s formal retailers face challenges as informal shops dominate the market. The government enforces new tax policies to regulate competition.