Formalisation of informal economy

Formalisation is having the business registered with any government agency and a process whereby workers are organised into worker associations and/or trade unions. It also goes beyond the mainstreaming of economic activities in the informal economy into the formal economy, thus, it takes into account the reduction of decent work deficits. “Formalisation should not be a forced task but an…

Banking sector challenged to entrench culture of transparency, accountability

A PLETHORA of hurdles stand in the way of efforts aimed at strengthening and developing a culture of transparency and accountability in the country’s banking sector. BY BYRON MUTINGWENDE A policy dialogue facilitated by Transparency International Zimbabwe (TIZ)’s Ethics and Accountability Forum in conjunction with Southern African Political Economies (Sapes) Trust last week identified the way in which individuals are…

Zimbabwe Unveils Special Coins Set to Ease Change Problems

WASHINGTON DC— The Reserve Bank of Zimbabwe has rolled out special coins designed to ease change problems that have been faced by members of the public in the country since the introduction of multiple currencies in 2009. According to the Chinese news agency, Xinhua and the Consumer Council of Zimbabwe (CCZ), the central bank on Wednesday evening unveiled the coins…