ECONOMC INDICATORS

Zimbabwe gold deliveries up 15%

Zimbabwe's gold deliveries went up 15,07 percent to 1 189,28 kg in July from 1 033,49 kg recorded in previous month.Statistics from the African Development Bank (AfDB) revealed that gold deliveries by...

By Staff reporter | Published: 24 September 2013

ZIMBABWE

'Zim dollar return haunts banks,' says AfDB

Zimbabwe's declining long-term deposits is associated with depositors' speculation on the possible return of the local currency after elections, the African Development Bank (AfDB) has said.The southe...

By Staff reporter | Published: 24 September 2013

ECONOMC INDICATORS

'Multi-currency regime to stay,' says Chinamasa

The Finance Minister, Patrick Chinamasa says the multi-currency regime prevailing will be maintained until the economy stabilises.The remarks come a few weeks after there was scepticism over the use o...

By Staff reporter | Published: 23 September 2013

ZIMBABWE

Zimbabwe hopeful on IMF programme

Zimbabwe is hopeful it will fulfil the set targets on the International Monetary Fund supervised economic reform programme, Finance minister Patrick Chinamasa said last week. In June, the IMF agreed o...

By Staff reporter | Published: 23 September 2013

ZIMBABWE

Zimbabwe talks tough on taxes

Zimbabwe's tax commissioner says the government wants to turn around following the damage cause by 15 years of de-industrialisation and investment outflows, but this does not mean going soft on tax pe...

By Staff reporter | Published: 18 September 2013

EUROPE

UK inflation rate falls to 2.7% in August

UK inflation measured by the consumer prices index (CPI) fell to 2.7% in the year to August, from 2.8% in July.It means prices are still rising faster than wages, which rose by 1.0% on average over th...

By BBC | Published: 17 September 2013

ECONOMC INDICATORS

Loans and advances July performance

According to the Reserve Bank of Zimbabwe's monthly report for July, credit to the private sector continued to be driven by loans and advances, which were partly sustained by offshore lines of credit,...

By Staff reporter | Published: 16 September 2013

ECONOMC INDICATORS

Non-food inflation surges

NON-FOOD inflation rose 1,44 percent in the 12 months to August 2013, pushing up annualized inflation for the period by 0,03 percent to 1,28 percent, the August report from the Zimbabwe National Stati...

By Staff reporter | Published: 16 September 2013

ECONOMC INDICATORS

Zimbabwe family basket marginally rises

The basket for a family of six rose to $562,52 for the month of August from $561,32 in July due to an increases in the food basket, the Consumer Council of Zimbabwe has said. According to CCZ, the fam...

By Staff reporter | Published: 13 September 2013

ZIMBABWE

Zimbabwe courts diamond investors

President Robert Mugabe's government is expected to open Zimbabwe's diamond sector to increased foreign investment, as it highlighted that its policy would not seek to "nationalise or expropriate priv...

By Staff reporter | Published: 12 September 2013

ZIMBABWE

Zimbabwe misses IMF diamond revenue target

ZIMBABWE has missed a June deadline to ensure diamond revenue from Marange flows into Treasury as part of reforms under a supervised programme by the International Monetary Fund (IMF), the Standard r...

By Business reporter | Published: 08 September 2013

ZIMBABWE

Zimbabwe's economic future uncertain , says WB

THE World Bank has said the 2014 outlook for Zimbabwe's still ailing economy remains increasingly uncertain due to a host of internal and external factors, the Standard reported.In its September Econ...

By Business reporter | Published: 08 September 2013

ZIMBABWE

Belgium demands lifting of Zim diamond sanctions

Brussels - Belgium, centre of the global diamond trade, is demanding that the European Union lift sanctions on a Zimbabwean mining firm despite deep concerns within the bloc over alleged fraud in a J...

By Reuters | Published: 06 September 2013

ZIMBABWE

A World Bank economic overview of Zimbabwe's future

AS the new government takes office, the World Bank says the 2014 outlook for Zimbabwe's ailing economy is increasingly uncertain.According to the World Bank's September economic briefing, the economy ...

By Staff reporter | Published: 05 September 2013

ECONOMC INDICATORS

Nonbank Financial intermediaries loan penetration increase

According to the 2012 Financial Access report, there has been a growing importance of Nonbank Financial Intermediaries (NBFI) showing that NBFIs are playing an important role in deposit and loan pene...

By Business reporter | Published: 02 September 2013

ZIMBABWE

Zimbabwe gold output depressed

Zimbabwe's gold production slumped 8,64 percent in June 2013 as the sector remains under pressure from falling price of the yellow metal.Gold prices plummeted to $1, 198 per ounce as at June 7, the l...

By Staff reporter | Published: 02 September 2013

ZIMBABWE

Zimbabwe to lead diamond producers - report

Zimbabwe has the potential to become the world's top diamond producer should the gems be sold on an open market, a Canadian firm has reported.In its commentary on the diamonds sector, Kitco, a company...

By Business reporter | Published: 02 September 2013

ECONOMC INDICATORS

Inflation continues to decline

The country has been recording low levels of inflation and this has been a good sign of stability in the economy.For most sectors such as property the stability of inflation gives the advantage of ...

By Business reporter | Published: 30 August 2013

ZIMBABWE

'Agriculture key to Zim economic growth,' says Mugabe

President Mugabe today said the agriculture sector will be key to the economic growth of the country.Officially opening this year's Harare Agricultural Show, President Mugabe said that this was becaus...

By Staff reporter | Published: 30 August 2013

ZIMBABWE

No benefit from rand depreciation for Zimbabweans

ZIMBABWEAN consumers have not benefited from the rand fall against the US dollar as prices of goods and services remained largely unchanged despite the South African currency plunging 20 percent ag...

By Business reporter | Published: 29 August 2013

ZIMBABWE

Zimbabwe registers growth in regional, international flights

Zimbabwe recorded a 4.5% growth to 15 602 in flights coming in and out of the country during the half year driven by the resumption of domestic and regional flights by Air Zimbabwe, latest figures fr...

By Staff reporter | Published: 29 August 2013

ZIMBABWE

AfDB expects Zimbabwe to boost exports

The African Development Bank says Zimbabwe should boost exports by taking advantage of the interim Economic Partnership Agreement with the European Union in order to reduce the trade deficit.Zimbabwe'...

By Business reporter | Published: 28 August 2013

ECONOMC INDICATORS

Zimbabwe's broad money supply declines 3%

Zimbabwe's broad money supply, an indicator of inflation declined 3 percent in June this year to $3,84 billion from December 2012, data from Finance Ministry revealed.Broad money is a measure of money...

By Business reporter | Published: 28 August 2013

ZIMBABWE

Zimbabwe makes it into Africa's top 10

ZIMBABWE'S economy holds limitless potential to outshine its African peers after making it into the 10 fastest growing economies on the continent despite facing a myriad of challenges.According to the...

By Staff reporter | Published: 28 August 2013

ZIMBABWE

Manufacturing sector poised for growth

Equities analysts FBC Securities say they are forecasting a growth in the manufacturing sector during the tenure of the new Government provided there is a clear economic policy formulation and impleme...

By Staff reporter | Published: 27 August 2013
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