Pursuant to His Excellency, the President’s 23 March 2020 Address to the Nation on additional measures to mitigate the devastating impact of COVID-19 on the Zimbabwean society and the economy, Government, through the Reserve Bank of Zimbabwe ( the Bank ), would like to advise the public that it is making it easier for the transacting public to conduct business during this difficult period by making available an option to  use free funds to pay for goods and services chargeable in local currency.  This intervention takes into account the country’s limited access to foreign finance, which is adversely affecting the country’s balance of payments position. 

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This Monetary Policy Statement is issued in terms of Section 46 of the Reserve Bank Act (Chapter 22:15). It discusses the measures and policies being pursued by the Bank. The measures and policies are aimed at accomplishing the Bank’s 2020 key strategic focus areas of ensuring exchange rate and price stability, the smooth functioning of the interbank foreign exchange market and providing support to economic activity without endangering the important objective of reducing and stabilising inflation in the short to medium term

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Company culture may seem like a buzzy word in the corporate world, but it in fact has great significance when it comes to the success of a company. According to Hagberg Consulting Group, company or corporate culture refers to the shared values, attitudes, standards, and beliefs that characterize members of an organization and define its nature. Company or corporate culture is rooted in an organization's goals, strategies, structure, and approaches to labor, customers, investors, and the greater community.

When members of your organization are not aligned with the bigger vision, it can affect the trajectory of the company. The beginning of the year is the perfect time to reset your company culture to ensure everyone in the organization is on the same page for the next four quarters. So how can you reset your company culture?

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The external risk environment continues to become ever more complex. In the past decade alone, risk managers at financial services firms have had to contend with waves of comprehensive new regulation resulting from the financial crisis, confront increasingly sophisticated fraud and financial crime schemes, and grapple with the threat of business-crippling cyber-attacks – all while managing traditional financial and operational risks.

The pace of change shows no signs of slowing down, with technology evolving faster than risk managers’ ability to keep up. In our new study of nearly 700 risk management executives in the global banking, insurance and capital markets sectors, we found that nearly three-fourths (72%) of respondents confirmed that complex, interconnected and ever-changing new risks are emerging more rapidly than ever before.

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This week I have decided to take a moment to reflect on what Zimbabwe’s place is in the global economy in view of the ongoing DAVOS forum and the UK-Africa Investment Summit.

Zimbabwe’s Finance and Economic Development Ministry officials are attending DAVOS for the 3rd time in a row since 2017.

They are rubbing shoulders with representatives from 117 countries. DAVOS, which is run by the World Economic Forum (“WEF”) is an important event in the world economic calendar and shapes the way deals are brokered for the next 12 months. It is almost like a beauty parade where each country puts its best foot forward and tries to sell itself to investors.

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