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: 13 hours ago

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

ECONOMC INDICATORS

Zim inflation to hit 7% by Dec, says IMF

A 200% increase in money supply between December 2015 and May 2017 is unsustainable and could stoke inflationary pressures in the economy, the IMF has warned.IMF mission chief for Zimbabwe Gene Leon ...

By Staff reporter | Published: 21 July 2017

ECONOMC INDICATORS

Zimbabwe's budget deficit rose to $1.4 billion

Zimbabwe's budget deficit rose to $1.4 billion, or 10 percent of national output, in 2016, worse than previously revised estimates, the country's finance minister said.The shortfall arose from unbudge...

By Reuters | Published: 20 July 2017

ECONOMC INDICATORS

Zimbabwe annual budget review and outlook

The Zimbabwean economy is expected to register significant growth of 3.7% this year, underpinned by strong performance in agriculture of 21.3%, mining 5.1% and electricity and water 2.5%, Finance a...

By Staff reporter | Published: 20 July 2017

ECONOMC INDICATORS

Zimbabwe export earnings edge up

Zimbabwe has registered a slight growth in export earnings after earning $2,58 billion up from $2,57 billion as of June 16 this year, compared to the same period last year.Finance minister Patrick Chi...

By Staff reporter | Published: 20 July 2017

ECONOMC INDICATORS

Food prices drop

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 ...

By Staff reporter | Published: 19 July 2017

ECONOMC INDICATORS

Zimbabwe inflation makes surprise u-turn

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...

By Staff reporter | Published: 17 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

ZIMBABWE

Contain 'cash burning', up money supply

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...

By Staff reporter | Published: 04 July 2017

ZIMBABWE

SEZ programme favours foreign investors

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...

By Staff reporter | Published: 04 July 2017

ZIMBABWE

Zimbabwe to announce National Competitiveness Commission board

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...

By Staff reporter | Published: 04 July 2017

ECONOMC INDICATORS

Zimbabwe deflationary pressures persist

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...

By Staff reporter | Published: 21 June 2015

ECONOMC INDICATORS

Broad money supply up 11,6%

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...

By Staff reporter | Published: 21 June 2015

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

ECONOMC INDICATORS

Zim broad money supply declines

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...

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

ECONOMC INDICATORS

Zimbabwe inflation drops again

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...

By Staff reporter | Published: 16 February 2015
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