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

ZIMBABWE

Zim to achieve 3.7% economic growth

The Macro-Economic and Financial Management Institute for Eastern and Southern Africa(MEFMI) says Zimbabwe is on course to achieve the 3.7 percent growth rate this year on the back of policies to resu...

By Staff reporter | Published: 24 July 2017

ZIMBABWE

'Total exports to grow to $3.9bn by year-end'

GOVERNMENT has projected that total exports will grow to $3,9 billion by year-end driven by a strong performance in tobacco, platinum group metals (PGMs), nickel and many others.In his 2016 annual bud...

By Staff reporter | Published: 24 July 2017

ZIMBABWE

'Chinamasa fiscal review an admission of failure'

Finance minister Patrick Chinamasa's mid-term fiscal policy review is "empty" and an "insult" to long-suffering Zimbabweans, which proves an admission of leadership failure, opposition parties said.P...

By Staff reporter | Published: 23 July 2017

ZIMBABWE

Zim budget overrun sours to $900 million

The government had a budget overrun of a whopping $902,2 million by the end of 2016 on the back of huge employment costs and agriculture recovery that were largely unplanned for in the annual budget.P...

By Staff reporter | Published: 22 July 2017

ZIMBABWE

Mugabe's govt continue with reckless spending

GOVERNMENT is continuing with its reckless spending spree - with President Robert Mugabe's office leading the way, overspending by US$43 million - as its unsustainable budget deficit scaled almost US$...

By Staff reporter | Published: 21 July 2017

ZIMBABWE

Zim earns $2.8bn foreign currency receipts

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...

By Staff reporter | Published: 13 July 2017

ZIMBABWE

Mugabe's govt in wage bill headache

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...

By Staff reporter | Published: 04 July 2017

ZIMBABWE

World Bank urges Zim to slash public sector wage bill

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...

By Staff reporter | Published: 04 July 2017
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