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The Governor of Banco De Moçambique, Mr. Rogerio Lucas Zandamela will officially open the biennial forum for Deputy Governors of Central Banks and Deputy Principal Secretaries of Ministries of Finance in the MEFMI region. The event, which is being partially financed by Crown Agents Investment Management (CAIM), will be held at the Avenida Hotel in Maputo, Mocambique on Monday 8 and Tuesday 9 May 2017. Also to attend the event is the MEFMI Executive Director, Dr. Caleb M. Fundanga. Please click here for the press statement

MEFMI and EAST AFRITAC conducted a joint regional workshop on developing Agriculture Producer Price Index (APPI) from 20 to 24 February 2017 at Mount Meru Hotel, Arusha, Tanzania.  Representing the MEFMI secretariat office were Dr. Sehliselo Mpofu - Director, Macroeconomic Management Programme (MMP), Mr. Senei Molapo - Programme Manager, MMP and Ms Margaret Mutyorauta - Programme Assistant, MMP while the East AFRITAC was represented by Ms. Pamela Audi, STA Advisor and Ms. Diana Makiko, Administrative Assistant. A total of 28 participants attended the workshop of which 8 were female, representing 29 percent of the total. The workshop was facilitated by IMF Resource Persons (2), Mr. Edwin St Catherine (West Indies, St Lucia – STA Short term Expert) and Mr. Dale Smith (Farmington USA – STA Short term Expert). 



MEFMI conducted a follow up in-country technical assistance mission to develop a revenue forecasting model for the Zimbabwe Revenue Authority (ZIMRA) from 20 to 24 February 2017. This technical assistance is expected to be conducted in three (3) phases.  The first phase was conducted from 28 November to 1 December 2016.  This mission involved structured training in revenue forecasting, taxation and the economy, data analysis and the development of mini Personal Income Tax (PIT) and Corporate Income Tax (CIT) models using the Zimbabwe data.


During the period 9-20 January 2017, MEFMI conducted a first follow-up In-country Mission on the construction of a Social Accounting Matrix (SAM) for the National Institute of Statistics of Rwanda (NISR). Participants were drawn from the Department of Economic Statistics of the NISR in Kigali, Rwanda. Ten (10) participants attended the training, with male and female representation at 80% and 20%, respectively.


MEFMI is pleased to announce the establishment of a Business Development Unit which became operational on 1 February 2017.  The establishment of the BDU is in fulfilment of a key strategic objective under Phase V, aimed at diversifying the sources of revenue for the Institute.  The income that will be generated by the BDU will supplement member states’ and financial partners’ contributions. In addition, this development provides a channel for MEFMI to extend its expertise in capacity development to a wider spectrum of institutions and individuals.

Dr.FundangaThe MEFMI Executive Director Dr. Caleb Fundanga officially opened the Central Bank of Swaziland / MEFMI Economic and Financial News Editors Conference which was held on 23 and 24 Janauary 2016. The conference was attended by 16 Editors from the Swazi Media fraternity.

In his opening remarks, Dr. Fundanga urged the Editors to support the Central Bank of Swaziland in its quest to ensure economic and financial literacy in Swaziland. Dr Fundanga said that the Editors as the gate-keepers of news play a key role in ensuring that appropriate and accurate information is disseminated to all stakeholders in a language that is easy to read and understand.


Please click here for the opening speech

MEFMI conducted an in-country workshop for Bank of Botswana (BOB), on the Private Capital Monitoring System (PCMS) from 14 -18 November 2016. The workshop was attended by five (5) officials from the Balance of Payments Section in the Research Department. In terms of gender participation, there were four (4) females and one (1) male, translating into 80% and 20% female and male representation, respectively.

We are pleased to announce the upcoming MEFMI E-Learning Course on Foundations of Public Debt Management.

Course Objectives: To introduce participants to the key principles and practices in public debt management, covering both domestic and external debt.

Dates: 21 November to 30 December 2016

Please download the Nomination Form

Send nominations to: This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.

Deadline for receiving nominations: 17 November 2016


By Tawanda Musarurwa, BH24

borrowing drcalebExternal borrowing is one option that Zimbabwe has to boost its fiscal space, but prior experiences in Sub Saharan Africa has not all been positive,  an expert has said.


At present Zimbabwe’s fiscal space is extremely constrained with civil service wages gobbling around 96.8 percent of total revenues, effectively constraining capital expenditure on critical infrastructure and economic projects.