Almot Maqolo, Staff Writer 
11
CAFCA increased its full-year historical operating profit by 408 percent, but the country’s largest cable manufacturer warned of a challenging operating environment as monetary policy tightens.
Zimbabwe’s annual consumer price inflation declined to 268,8 percent in October 2022 from 280,4 percent the previous month following strict monetary policies put in place by the government and monetary authorities.
Advertisements
Government contractors’ payments were suspended, the policy rate was increased to 200 percent, and gold coins were introduced as a form of value storage, among other actions.
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.
Login if you have purchased
