ZIMBABWE

'Zim economy to regress further,' says IMF

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...

By Staff reporter | Published: 21 June 2015

ZIMBABWE

'Zim can reduce trade deficit with SA'

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 ...

By Staff reporter | Published: 21 June 2015

ZIMBABWE

Inflation declines further

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...

By Staff reporter | Published: 07 June 2015

ZIMBABWE

Zimdollar mentality lingers

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...

By Staff reporter | Published: 07 June 2015

ZIMBABWE

Zim inflation rate remains in the negative

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...

By Staff reporter | Published: 07 June 2015

ZIMBABWE

'Zim govt lacks capacity to fix economy'

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...

By Staff reporter | Published: 07 June 2015

ZIMBABWE

Chinamasa's Mid-Term Budget Review in doubt

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...

By Staff reporter | Published: 22 July 2014

ZIMBABWE

Zimra misses revenue target

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...

By Staff reporter | Published: 22 July 2014

ZIMBABWE

Zimbabwe's trade deficit narrows to $1,76bn

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 ...

By Fiona Chigwida | Published: 21 July 2014

ZIMBABWE

Zim economy remains fragile

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...

By Staff reporter | Published: 10 July 2014

ZIMBABWE

Zim rakes in $400m from exports to EU

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...

By Staff reporter | Published: 09 July 2014

ZIMBABWE

Govt engages private sector on industrial, trade polices coordination

The Government has engaged the private sector in seeking out solutions on how to effectively coordinate the country's Industrial Development Policy (IDP) and the National Trade Policy (NTP).Effective ...

By Staff reporter | Published: 07 July 2014

ZIMBABWE

'Zim lacks clear policy on foreign firms'

Zimbabwe lacks comprehensive policies that govern the registration and operation of foreign firms, the Zimbabwe Investment Authority (ZIA) says.Richard Mbaiwa, the Authority's chief executive, told a ...

By Business Live | Published: 04 July 2014

ZIMBABWE

Zim debt balloons to $9.9 billion

Zimbabwe's principal debt has ballooned by nearly 40 percent from $6,1 billion last year to $9,9 billion, Finance minister Patrick Chinamasa has said.The lawyer-cum-politician yesterday said the count...

By Staff reporter | Published: 04 July 2014

ZIMBABWE

Zim requires 7% average growth rate

Zimbabwe needs a medium and long-term average growth rate of 7 percent if the Government is to significantly reduce poverty and improve the standard of living, an expert has said. African Institute fo...

By Staff reporter | Published: 04 July 2014

ZIMBABWE

'Economy not collapsing,' says RBZ chief

ZIMBABWE's economy is not anywhere near collapsing, with the liquidity challenges being experienced not as tight and gloomy as some quarters would want to potray, Reserve Bank of Zimbabwe Governor Dr ...

By Conrad Mwanawashe | Published: 02 July 2014

ZIMBABWE

'Zimdollar return not a realistic option'

The reintroduction of the Zimbabwe dollar is not a realistic option available to this country in the short to medium term given the compelling need to increase liquidity in the economy, the Bankers As...

By Staff reporter | Published: 08 May 2014

ZIMBABWE

Zim economy to grow by 3%, says World Bank

The Zimbabwean economy will grow by at least 3% in 2014, according to a World Bank report. According to the World Bank's Zimbabwe Economic Briefing for April 2014, the country's gross domestic pr...

By Staff reporter | Published: 25 April 2014

ZIMBABWE

Economic alliance proposed for Zimbabwe

An influential British think tank, Chatham House, says the  Zanu-PF government and opposition forces should work towards a consensual or bipartisan politics to confront economic challenges facing...

By Richard Chidza | Published: 23 April 2014

ZIMBABWE

Tough times ahead, Zimra warns

Tax collector, Zimbabwe Revenue Authority (Zimra), has warned of a tough economic environment ahead as government faces shrinking revenue inflows.Gershom Pasi, the authority's commissioner-general, to...

By Staff reporter | Published: 09 April 2014

ZIMBABWE

Zim economy faces slumping consumer demand

Economy Faces Slumping Consumer Demand and DeflationBy Godfrey Marawanyika and Brian Latham April 06, 2014      Zimbabwe's economy is suffering from a slump in consumer spending a...

By Bloomberg News | Published: 08 April 2014

ZIMBABWE

Only 40% of Zim companies are exporting

The country's manufacturing sector is still depressed as companies continue to face challenges in producing for both local and foreign markets.A survey carried out by ZimTrade on the capacity of the l...

By Staff reporter | Published: 04 April 2014

ZIMBABWE

Zim bans fresh fruit, vegetable imports

Zimbabwe has banned imports of fresh fruit and vegetables with immediate effect, the agriculture ministry said on Wednesday, arguing that increased local production will meet domestic demand.The ban w...

By Reuters | Published: 02 April 2014

ZIMBABWE

Urgency needed to resolve Zim economic predicament

There is an urgent need for policy makers to implement practical initiatives in resolving trade constraints that the country is facing, Kumbirayi Katsande, the CEO of Nestle, has said.Responding to re...

By Staff reporter | Published: 06 March 2014

ZIMBABWE

'Zim's only reserves are $500 000 of gold coins'

 Zimbabwe is holding gold coins valued at $501,390 as its only reserves, enough to buy only 1,400 tonnes of maize, the finance minister has said, highlighting the parlous state of the country's f...

By Staff reporter | Published: 06 March 2014
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