Zimbabwe currently “boasts” of having one of the worst inflation levels in the world, flirting of an annual inflation of 255% as of November 2022.

THE introduction of the Zimbabwean dollar as the official currency marked a significant shift in the world of financial markets locally.

However, a few “lucky” investors stumbled on yet another block of positive returns from the bourse in real terms.

This predicament triggered a tough reaction from the central bank in 2022 as authorities introduced a controversial contractionary monetary policy.

This has allowed businesses to reduce costs while increasing efficiency and productivity.

Political turmoil and economic stagnation served as the setting for the 2008 presidential election.

The RBZ introduced the contractionary monetary policy in the second quarter of 2022 as it sought to mitigate the rampant inflation and curtail the runaway local currency depreciation.

The market was mainly exposed to greater heights of volatility in 2020 following a rampant inflation as well as the gazetting of the Zimbabwean dollar (ZW$) as the reporting currency in the country

THE government of Zimbabwe, through relevant bodies, has gone back and forth since 2020 on policies pertaining to the stock market

IN a recent move by the government to address inflation, Zimbabwe adopted blended inflation as its official inflation statistic through Statutory Instrument (SI) 27 of 2023

The immediate past election was held in July of 2018, and it was highly contested and violent too, which has grown common in Zimbabwe.

The inconsistent stance by the government on the currency debacle in the country has heavily weighed on confidence in the formal banking system.

This means the bourse is a stranger to IPOs as all the listings are migrations from other markets, predominantly the Zimbabwe Stock Exchange (ZSE).