Victor Bhoroma

Victor Bhoroma

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Assessing Zim's privatisation plan

In May 2019, the Zimbabwean government signed a US$400 million joint venture farming concession agreement with Boustead Beef of the United Kingdom.
By Victor Bhoroma Sep. 2, 2022

Govt policy unpredictability destroying formal economy

According to the World Bank, Zimbabwe’s economy grew by 5,8% to US$19,2 billion in 2021 after contracting by 6,1% in 2019 and 6,2% in 2020.
By Victor Bhoroma Sep. 16, 2022

Causes of food inflation in Zim

The huge import bill directly translates to high cost of production for local food manufacturers.
By Victor Bhoroma Sep. 23, 2022

Assessing latest RBZ monetary policy stance

High interest rates can dent economic growth as it leads to increased borrowing costs which negatively impact consumer and business spending.
By Victor Bhoroma Sep. 30, 2022

Misplaced priorities cost economy due to power cuts

Bullish commodity (metals) prices on the global market have seen the birth of new mining projects and expansion of current mines.
By Victor Bhoroma Oct. 7, 2022

Assessing Zim’s new mining royalty policy

The Zimbabwe government has implemented a policy to collect half of the mining royalties due to treasury in physical minerals
By Victor Bhoroma Oct. 21, 2022

Zim economy fully dollarised

Zimbabwe’s de-dollarisation plan was doomed from the onset as the country did not meet these fundamentals for a stable mono-currency.
By Victor Bhoroma Oct. 28, 2022

Economic policy should be modelled on value addition

Out of the realised export value in 2021, mining exports generated over US$4,4 billion in earnings
By Victor Bhoroma Nov. 4, 2022

2023 budget expectations

The central bank and the government have performed dismally on managing inflation in 2022 (Perennial failure)
By Victor Bhoroma Nov. 11, 2022

Zim’s tough foreign exchange regime suffocating economy

The astronomic growth in money supply has been the biggest contributor to artificial demand for foreign currency and price instability in Zimbabwe in the past five years.
By Victor Bhoroma Nov. 25, 2022

Analysis of the 2023 budget

Key risks for 2023 emanate from the uneven distribution of rainfall, power cutsand contingent liabilities from State Enterprises and Parastatals (SEPs).
By Victor Bhoroma Dec. 2, 2022

Macro-economic priorities for 2023

Bond notes introduction in November 2015 confirmed investor fears and the rest is now history.
By Victor Bhoroma Dec. 9, 2022

Informal sector now dominates Zim economy

This means that about US$6 billion is pushed from the wholesale and retail sector with a significant portion of that amount coming from informal trade.
By Victor Bhoroma Dec. 23, 2022

Policy issues hampering Zim business climate

China remains the biggest investor in Zimbabwe while Russia, Iran and India are also important investors in the country.
By Victor Bhoroma Jan. 7, 2023

Opinion: Policy incentives a must for re-industrialisation

Overall, the policy environment from taxation, import and export procedures, foreign exchange regime and currency are combining to thwart investment in the industry.
By Victor Bhoroma Jan. 13, 2023

Why Zim persistently ranks high on inflation

In the SADC region, Harare has largely been a pace setter on high inflation since 2018.
By Victor Bhoroma Jan. 20, 2023

Reflecting on the export ban for raw lithium

The government does not consider concentrates as raw or unprocessed lithium.
By Victor Bhoroma Jan. 27, 2023

Opinion: Dollarised economy, monetary policy

With annual inflation racing from 61% realised in January 2022 to end the year at 244%, the local economy is far from being stable.
By Victor Bhoroma Feb. 10, 2023

Takeout on wholesale, retail dominance

The last three years have seen a massive surge in retailing with the dominance of the informal trade  in urban, peri-urban and rural areas of the country.
By Victor Bhoroma Feb. 17, 2023

Economy desperately needs a market exchange rate

IN its maiden monetary policy for 2023, the Reserve Bank of Zimbabwe (RBZ) increased the retention threshold for all exporters from 60%.
By Victor Bhoroma Mar. 3, 2023

Opinion: Recurring, imminent risks for Zim economy

The country has been struggling with power cuts from as far as back as 2003 with acute shortages in 2006, 2009, 2011, 2013, 2019, 2022.
By Victor Bhoroma Mar. 10, 2023

Managing informality in the Zim economy

The last three years have seen a massive surge in retailing with the dominance of the informal trade in urban, peri-urban and rural areas of the country.
By Victor Bhoroma Mar. 17, 2023

Impact of economic instability on society

The vison further entailssustained growth in nominal Gross Domestic Product (GDP) from the rebased 2018 levels of US$25 billion to over US$65 billion in 2030.
By Victor Bhoroma Mar. 24, 2023

The endless power shortages require permanent solutions

The power cuts are only getting worse in each year as consumer demand outpaces supply and old thermal plants buckle under over usage.
By Victor Bhoroma Mar. 31, 2023

Zimdollar prospects in a dollarised economy

The banking sector Foreign Currency Accounts (FCA) deposits have maintained at approximately US$1.6 billion
By Victor Bhoroma Apr. 14, 2023

Zim lacks an efficient commodities market

National demand for wheat stands at 450 000 MT, while that for soya is at 250 000MT.
By Victor Bhoroma Apr. 21, 2023

Key drivers of inflation in Zim

The last published annual inflation figure for the local currency was 229,8% in January 2023.
By Victor Bhoroma Apr. 28, 2023

Rebuilding economy starts with institutions

These geological formations are home to the world’s second largest resource of platinum and largest lithium reserves in Africa (5th largest in the world).
By Victor Bhoroma May. 5, 2023

Is Treasury on right path on additional measures?

If some of these expenditures are not cut, liquidity will remain high thus exerting pressure on the exchange rate to depreciate.
By Victor Bhoroma Jun. 9, 2023

Remittances anchor economy

Remittance flows to Sub-Saharan Africa were twice the size of foreign direct investment (FDI) inflows, and relatively more stable in the past over the years.
By Victor Bhoroma Jul. 7, 2023