ZIMBABWE

RBZ increases cash injections to $150m

RESERVE Bank of Zimbabwe governor John Mangudya says the central bank has increased the foreign currency injections into the economy by 50% to $150 million a month to ease forex shortages.This came am...

By Staff reporter | Published: 16 July 2018

ZIMBABWE

Economists ponder Zimdollar return

ZIMBABWE will have to use the parallel market rate to determine the official exchange rate when it introduces a new currency, economic commentators have said.The country adopted a multi-currency syste...

By Staff reporter | Published: 27 June 2018

ZIMBABWE

'Cash shortages will end,' says Mnangagwa

Government will soon unveil systematic measures to comprehensively address cash shortages, while introduction of a local currency will remain a long-term objective, President Emmerson Mnangagwa has sa...

By Staff reporter | Published: 24 June 2018

ZIMBABWE

World Bank finalises funding for Zimbabwe

The World Bank is concluding funding requirements for Zimbabwe as part of processes to start lending to the southern African country, Finance and Economic Planning Minister Patrick Chinamasa has said....

By Staff reporter | Published: 22 June 2018

ZIMBABWE

Trade deficit destabilises economy

THE widening trade deficit which reached almost US$1 billion in the first four months of 2018 continues to wreak havoc on the deepening economic crisis despite government's repeated claim that the cou...

By Staff reporter | Published: 08 June 2018

ZIMBABWE

Boost for Zimbabwe infrastructure

Zimbabwe has received a massive infrastructure boost after the country last week became the nineteenth member state of the Africa Finance Corporation (AFC) - the continent's leading infrastructure dev...

By Staff reporter | Published: 28 May 2018

ZIMBABWE

Forex crisis weighs on Zimbabwe economy

THE depletion of banks' nostros accounts, used to fund foreign payments, created serious settlement problems for international payments and resulted in most banks having a backlog for telegraphic tran...

By Staff reporter | Published: 15 March 2018

ZIMBABWE

Zimbabwe strikes World Bank deal

Zimbabwe is on the verge of breakthrough to start receiving concessionary finding support from the World Bank for the first time in nearly two decades after the Bretton Woods institution agreed to eng...

By Staff reporter | Published: 26 January 2018

ZIMBABWE

Zimbabweans stash $1 billion offshore

FUNDS held by Zimbabweans in offshore banks rose to US$1 billion last year, having declined to US$300 million four years ago, following escalating political risk and uncertainty at home, Reserve Bank ...

By Staff reporter | Published: 14 December 2017

ZIMBABWE

Consumer goods prices continue to soar

Zimbabwe consumer prices are surging as basics mark their fastest rise this year, with experts blaming the rise on profiteering by retailers.The price of beef soared month-on-month to $7,50 per kg thi...

By Staff reporter | Published: 06 December 2017

ZIMBABWE

Zim trade deficit narrows to $1,56 billion

ZIMBABWE'S trade deficit narrowed by 28% to $1,56 billion in the 10 months of the year on the back of increased exports despite an uptick in imports, latest trade data from the national statistics age...

By Staff reporter | Published: 28 November 2017

ZIMBABWE

Zimbabwe-SA trade deficit shrinks by 32%

THE trade deficit between Zimbabwe and South Africa narrowed by 32% to $98 million in the first eight months of the year, after exports increased by 15%, latest trade data from the Zimbabwe Statistica...

By Staff reporter | Published: 29 September 2017

ZIMBABWE

MDC Alliance targets $100 billion economy

FORMER finance minister and MDC Alliance principal, Tendi Biti, says the alliance government is targeting at a $100 billion economy which will create mass employment, NewZimbabwe.com reported.Speaking...

By Staff reporter | Published: 04 September 2017

ZIMBABWE

Re-introducing Zimdollar will be economic suicide

THE adoption of bond notes as official currency would worsen the parallel market, thereby, quickening inflation, analysts have warned.Last week, government's top adviser on ease of doing business refo...

By Staff reporter | Published: 04 September 2017

ZIMBABWE

'Zim heading towards de-dollarisation'

THE central bank's decision to more than double the size of its bond-note programme to $500 million confirms the country is headed towards de jure de-dollarisation, which threatens to accelerate infla...

By Staff reporter | Published: 04 September 2017

ZIMBABWE

Zim economy rebound pie in the sky

ZIMBABWE'S economy continues to be in the doldrums despite the government claiming it is on the rebound, industry officials have said.Over the years, government officials have been talking about an ec...

By Staff reporter | Published: 03 September 2017

ZIMBABWE

Zim trade deficit narrows to $1.2bn in 7 months

ZIMBABWE'S trade deficit narrowed by 21 percent to $1,2 billion in the first seven months of the year, latest trade data from the statistics agency shows.Figures from the Zimbabwe Statistics Agency (Z...

By Staff reporter | Published: 29 August 2017

ZIMBABWE

Gold set to make Zim economy self-sufficient

THE Reserve Bank of Zimbabwe (RBZ) says the production of about four tonnes of gold a month could help the country's economy become more self-sufficient.Speaking to guests at a fundraising dinner host...

By Staff reporter | Published: 29 August 2017

ZIMBABWE

FDI into Zimbabwe doubles in 2017

Foreign direct investment to Zimbabwe doubled in the first half of 2017 compared to the same period last year following President Mugabe's clarification of the National Indigenisation and Economic Em...

By Staff reporter | Published: 28 August 2017

ZIMBABWE

Budget deficits threat to Zim economy, says WB

WORLD Bank representative in Zimbabwe, Johannes Herdeschee has said while the country faced a myriad of problems, fiscal deficits, which have ballooned to 10% of gross domestic product, were the bigge...

By Staff reporter | Published: 08 August 2017

ZIMBABWE

Exports rake in $4.9 billion

Zimbabwe has generated exports worth US$4.9 billion since the introduction of the five percent export incentive scheme in May last year, representing a 14 percent increase on foreign currency receipts...

By Staff reporter | Published: 03 August 2017

ZIMBABWE

South African exports to Zimbabwe fall

South Africa is feeling the pinch of the tight import controls gazetted by the Zimbabwean government with statistics indicating the volume of exports have registered a 10 percent drop since January.Zi...

By Staff reporter | Published: 02 August 2017

ZIMBABWE

Zim trade deficit narrows by 5% in first half

ZIMBABWE'S trade deficit in the first half of the year narrowed by 5% to $1,3 billion, an indication that the country continues to rely on foreign-produced goods in spite of government efforts to halt...

By Staff reporter | Published: 01 August 2017

ZIMBABWE

Zimbabwe economy continues to shrink

ZIMBABWE's economy has continued to shrink, leading to growing unemployment and significant underemployment, an international research body has said.A recent Business Monitor International (BMI) repor...

By Staff reporter | Published: 01 August 2017

ZIMBABWE

Bond notes to account for 50% of money in circulation

BOND notes are likely to end up accounting for 50% of the money in circulation by year-end given their current dominance in a both the formal and informal markets, a local economist has said.Ashok Cha...

By Staff reporter | Published: 27 July 2017
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