ZIMBABWE's cost of living for a family of six continued on a downward trend last month, dropping to $575.71 from $577.77 in May on the back of a decrease in the food basket, figures from the Consumer ...
Zimbabwe's inflation rate slowed to 0.31 percent year-on-year in June from 0.75 percent in May, data from the national statistics agency showed on Monday.The June inflation rate took a huge retreat, s...
THE Reserve Bank of Zimbabwe (RBZ) says the country has for the first half of the year received $2,8 billion in foreign currency receipts.RBZ governor, John Mangudya said of the amount, $2 billion wa...
Government is still struggling to contain its wage bill as it emerged that this expenditure accounted for 86 percent of its overheads in the first month of the year.President Robert Mugabe's administr...
DailyNews Deputy Business Editor, Ndakaziva Majaka, talks to World Bank's (WB) outgoing country manager, Camille Nuamah, whose tour of duty ran from June 2014.NUamah will be succeeded by WB's sector m...
RESERVE Bank of Zimbabwe (RBZ) governor, John Mangudya is this month expected to announce the Mid-Term Monetary Policy Statement, with economists calling for measures to contain "cash burning" and inc...
THE Special Economic Zones (SEZs) law favours foreign investors compared to local ones, out-going Zimbabwe National Chamber of Commerce (ZNCC) president, Davison Norupiri has lamented.Norupiri told Ma...
GOVERNMENT will soon announce the National Competitiveness Commission board in line with the National Competiveness Commission Act.The Act was signed into law by President Robert Mugabe recently to re...
Deflationary pressures in Zimbabwe continue to persist with the country's annual inflation shedding 1,45 percentage points to -2,65 percent in April form -1,20 percent recorded in March.Latest figures...
Zimbabwe's broad money supply increased by 11,6 percent between January 2014 and January 2015, from $3,88 billion last year to $4,34 billion, on the back of growth in banking sector deposits, statisti...
Zimbabwe's economy is set to slump further this year due to continued decline in global commodity prices, fiscal challenges, and possible difficulties in policy implementation, the International Monet...
Zimbabwe's broad money supply declined marginally from $4,34 billion in January to $4,33 in billion February this year, confirming the country's economic slowdown, statistics from the central bank sho...
Zimbabwe has the capacity to turn around its $2,2 billion trade deficit with South Africa if the country starts producing more goods, economic analysts say.This comes after President Robert Mugabe on ...
Zimbabwe's annual inflation rate decreased by 0,12 percentage-points on the January rate of -1,28 percent to -1,40 percent in February, the Zimbabwe National Statistics Agency (Zimstats) said on Frida...
Zimbabwean products are expensive as "companies have failed to leave the Zimbabwe dollar mentality" of charging high prices, central bank governor John Mangudya said.He said the scenario has made loca...
Zimbabwe's year-on-year inflation rate receded to -1, 28 percent in January 2015 after shedding 0, 48 percentage points on December 2014's - 0, 80 percent.The Zimbabwe National Statistics Agency (Zims...
Government created the economic mess currently being experienced in the country and is lacking capacity to turn around the country's economic fortunes, an economist has said.Brains Muchemwa, a renowne...
Zimbabwe's inflation has dropped to -1,28 percent with calls for the government to focus on price stability policies.Data released by the Zimbabwe National Statistics Agency (Zimstat) today shows that...
THE Mid-Term Budget Review statement was highly unlikely to be announced anytime soon, Finance Minister Patrick Chinamasa told Parliament yesterday.Chinamasa said this when he appeared before the Parl...
The Zimbabwe Revenue Authority missed its revenue target for the first half-year to June by 1 percent as poor economic conditions negatively affected inflows to the fiscus.Zimra commissioner-general M...
Broad money supply surged by $318 million in the year to May 2014 as the country's deposits base responded to the positive effects of a successful tobacco season, the latest report from the Reserve Ba...
The country's trade deficit narrowed to $1,76 billion in the six months to June from $2,37 billion last year, a decrease of 25,74 percent.Latest data from ZimStat shows that imports amounted to $2,99 ...
Zimbabwe's economy remained fragile during the first half of the year, a period characterised by closure of companies, liquidations, property attachment over debt and continued spiralling of unemploym...
The country's trade deficit in the five months to May was at $1,47 billion, narrowing by about 17,9 percent from the comparable period last year reflective of the tight liquidity situation and the lac...
Zimbabwe has raked in $400 million from export earnings in the European Union (EU) market since January, reflecting the government's willingness to normalise trade ties with the western trading bloc.I...