ZIMBABWE

Lack of investor confidence dogs Zim

Lack of investor confidence in doing business in Zimbabwe remains a major stumbling block in efforts to revive the country's broken economy, the Zimbabwe National Chamber of Commerce (ZNCC) has said.T...

By Staff reporter | Published: 30 October 2013

ZIMBABWE

'Zim can become top growing African economy'

A study conducted by the Harvard Kennedy School says Zimbabwe has the potential to become the fastest growing economy in Africa by 2020.The study by the American University titled, "The atlas of econo...

By Staff reporter | Published: 29 October 2013

ZIMBABWE

Zim economy shrinking, debts to rise, says Biti

Former Finance Minister Tendai Biti says lack of fiscal management will plunge Zimbabwe into an economic crisis with both the local and foreign debts set to get out of control within the next few mo...

By Staff reporter | Published: 29 October 2013

ECONOMC INDICATORS

Zimra misses revenue target

THE Zimbabwe Revenue Authority has missed its revenue collection target for the third quarter to September 30, 2013 after collecting $897 million against the budgeted $904 million.While the 1 percent ...

By Staff reporter | Published: 24 October 2013

ZIMBABWE

Corruption hampering Zim economic growth

The Government is concerned with the level of corruption in both the private and public sectors as it is hampering recovery of the economy.Speaking at the Confederation of Zimbabwe symposium on ethics...

By New Ziana | Published: 23 October 2013

ECONOMC INDICATORS

Zim's trade deficit widens

Zimbabwe's trade deficit ballooned to $3,02 billion in the eight months to August 2013 after the country imported goods worth $5 137 billion against $2,11 billion exports during the period.According ...

By Staff reporter | Published: 21 October 2013

ZIMBABWE

IMF will not fund Zimbabwe programmes

Zimbabwe will not receive any money from multilateral institutions until it completes the staff monitored programme proposed by the International Monetary Fund, Finance and Economic Development Minis...

By Staff reporter | Published: 21 October 2013

ZIMBABWE

Govt sets 9.9% economic growth target

Government intends to grow the economy that suffered a major knock from the illegal sanctions imposed by the West for over a decade by at least 9,9 percent in the next five years through value additio...

By Staff Reporter | Published: 18 October 2013

ZIMBABWE

Economic blueprint unveiled

The Zanu-PF Politburo yesterday adopted government's economic blueprint that spearheads the turnaround and development of the economy over the next 5 years. Dubbed "Zimbabwe Agenda for Sustainable Soc...

By Staff reporter | Published: 17 October 2013

ECONOMC INDICATORS

Zim's September CPI eases to 0.86%

Zimbabwe's year-on-year inflation rate for the month of September 2013 as measured by the all items Consumer Price Index stood at 0.86% shedding 0.42% on the August 2013 rate of 1.28%, the Zimbabwe Na...

By Staff reporter | Published: 16 October 2013

ZIMBABWE

Cost of living rises marginally

THE cost of living has increased marginally by 0,80 percent last month as a result of increases in prices of some basic commodities.A survey by the Consumer Council of Zimbabwe that was carried out us...

By Staff reporter | Published: 15 October 2013

ZIMBABWE

Uncertainty dogs Zim economic growth

Zimbabwe's economic revival is subject to an unusual degree of uncertainty associated with President Robert Mugabe's re-election, a research firm Invictus Capital (Invictus) has said."Following the J...

By Staff reporter | Published: 14 October 2013

ZIMBABWE

AfDB approves Zimbabwe 'debt relief' grant

The African Development Bank (AfDB) has approved a grant earmarked to capacitate Zimbabwe to undertake a debt sustainability analysis and to formulate a roadmap to accessing funds under the Heavily In...

By Staff reporter | Published: 11 October 2013

ECONOMC INDICATORS

Zimstats to update GDP figures

THE Zimbabwe National Statistics Agency will soon release fresh statistics of Gross Domestic Product figures reflecting the contribution of small to medium enterprises to economic growth.SMEs have al...

By Business Reporter | Published: 11 October 2013

ZIMBABWE

'Zim economic growth receding,' says IMF

Zimbabwe has been ranked among the slowest growing economies in sub-Saharan Africa this year, lagging behind war-ravaged Democratic Republic of Congo and Mozambique, due to lack of sustained economic ...

By Staff reporter | Published: 10 October 2013

AMERICAS

Obama to nominates a woman as Fed chair

WASHINGTON - Janet Yellen will become the first woman to hold the most powerful job in the world economy after administration officials said that President Barack Obama would nominate her as chair of ...

By FT | Published: 09 October 2013

ECONOMC INDICATORS

Non-performing loans balloon

Zimbabwe's non-performing loans have grown substantially by more than 10 percentage points to over 15 percent since dollarisation in 2009, indicating stagnation in the economy.Statistics released rece...

By Staff reporter | Published: 07 October 2013

ECONOMC INDICATORS

Zimbabwe exports to SA up 6%

South Africa has increased market share of manufactured goods that it is importing from Zimbabwe despite the continuous decline in capacity utilisation in local firms. According to the latest survey b...

By Staff reporter | Published: 07 October 2013

ZIMBABWE

'Zim will stick to IMF programme,' says Chinamasa

FINANCE Minister, Patrick Chinamasa, said on Thursday the country will stick to an IMF monitoring programme that could pave way for the country to clear its debts, as the economy grapples with chronic...

By Reuters | Published: 03 October 2013

ECONOMC INDICATORS

Cost of living marginally rises

The cost of living for an urban family of 6 increased by 0.8% to $567,03 last month pushed up mainly by the rising cost of  food, latest figures from the Consumer Council of Zimbabwe have shown. ...

By Business reporter | Published: 03 October 2013

ZIMBABWE

Modalities to address economic challenges on cards

GOVERNMENT is in the process of approving a short and medium term economic plan to address challenges faced by the industry, a Cabinet minister has said.Addressing delegates at the launch of the Manuf...

By Business Reporter | Published: 03 October 2013

ECONOMC INDICATORS

Govt to introduce new import policies

New import policies that will soon be introduced by Government to curb the influx of cheap imports will not affect the product supply chain in the country but create a level playing field that will bo...

By Staff reporter | Published: 30 September 2013

ECONOMC INDICATORS

Trade deficit with SA widens to $1 billion

Latest statistics indicate that the trade gap between Zimbabwe and South Africa accelerated to over $1 billion in the first seven months of the year. South Africa is Zimbabwe's largest trade partner....

By Staff reporter | Published: 30 September 2013

ZIMBABWE

Zimbabwe faces electricity deficit

ZIMBABWE experienced a 17,69 percent deficit on its total domestic and commercial electricity requirements during the eight months to August 2013, official industry data has shown.The magnitude implie...

By Business Reporter | Published: 30 September 2013

ZIMBABWE

AfDB urges Zimbabwe to reduce trade deficit

ZIMBABWE must limit imports as the year progresses to reduce the current high trade deficit, the African Development Bank (AfDB) has recommended in its latest Zimbabwe Monthly Economic Report.The redu...

By Staff reporter | Published: 30 September 2013
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