BUSINESS NEWS

Illicit trading exaggerates trade deficit

ZIMBABWE's persistent trade deficit has been magnified by unstated foreign trade activity, the country's national statistical agency has said.In recent years, the southern African country has run syst...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

Zimbabwe trade deficit breaches $20bn mark

ZIMBABWE'S trade deficit with the rest of the world breached the $20 billion mark in the past nine years, with much of the imports coming from South Africa (SA), Industry minister Mike Bimha has said....

By Staff reporter | Published: 06 September 2018

BUSINESS NEWS

Zimbabwe trade deficit reaches $1,3 billion

ZIMBABWE's trade deficit widened by 30 percent to $1,3 billion in the first six months of the year compared to the same period in 2017, official figures show.During the comparable period last year, th...

By Staff reporter | Published: 16 July 2018

BUSINESS NEWS

'Illicit financial flows lead to budget deficit'

The Zimbabwe Coalition for Debt and Development (Zimcodd) says lost revenue through illicit financial flows (IFFs) has far reaching consequences on the fulfilment of social and economic rights as it h...

By Staff reporter | Published: 11 July 2018

BUSINESS NEWS

Current account deficit to reach 1.8% in 2019

A Fitch Research Company, BMI, sees Zimbabwe's current account deficit of 0,8% of GDP in 2018 rising to 1,8% in 2019 from 0,8% in 2017 amid the international re-engagement efforts of the new administr...

By Staff reporter | Published: 06 July 2018

BUSINESS NEWS

'Zimbabwe's recurrent trade deficit toxic'

The central bank has warned that Zimbabwe's recurrent trade deficits poses significant challenges as the country continues to rely on export revenues to generate liquidity and support domestic economi...

By Staff reporter | Published: 04 July 2018

BUSINESS NEWS

Zim's current account deficit to widen: BMI

Zimbabwe's current account deficit will widen by 0,8% by year end on the back of an increased foreign currency supply leading to higher imports, a leading industry and financial market analysis firm B...

By Staff reporter | Published: 02 July 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

BUSINESS NEWS

Zimbabwe trade deficit widens

ZIMBABWE's trade deficit widened by 65,61% to $998,8 million in the first four months of this year, compared to the comparative 2017 period, as imports have grown owing to increased demand, latest sta...

By Staff reporter | Published: 31 May 2018

BUSINESS NEWS

Zimbabwe trade deficit hits $1 billion

The country is battling for solutions to address trade deficit, which hit $1 billion in the first four months of the year, Reserve Bank of Zimbabwe Governor Dr John Mangudya has said.Dr Mangudya said ...

By Staff reporter | Published: 29 May 2018

BUSINESS NEWS

Zimbabwe budget deficit to remain above $1bn

ZIMBABWE'S budget deficit is set to remain above $1 billion despite government's efforts to rein in fiscal spending, economists have said.For years, a persistent fiscal deficit has been the underlying...

By Staff reporter | Published: 24 May 2018

BUSINESS NEWS

'Zimbabwe's trade deficit widens'

ZIMBABWE'S trade deficit from February to April 2018 skyrocketed by 69% to $860,3 million as the Southern African country battles to correct trade imbalances, latest trade data from the national stati...

By Staff reporter | Published: 15 May 2018

BUSINESS NEWS

$150.7 million trade deficit for Zimbabwe

TRADE between Zimbabwe and South Africa remained skewed in favour of the neighbouring country in the month of March 2018, with Zimbabwe registering a $150,7 million trade deficit, official figures hav...

By Staff reporter | Published: 24 April 2018

POLITICS

ZEC faces funding deficit

The Zimbabwe Electoral Commission (ZEC) needs 60 million to prepare for and hold the 2018 harmonised elections due in a few months time.The commission is looking through the voters roll to ensure ther...

By Staff reporter | Published: 13 March 2018

BUSINESS NEWS

SADC plugs power deficit

The region slipped into a power deficit a decade ago, partly due to its old plants failing to match expanding populations and economies.The region slipped into a power deficit a decade ago, partly due...

By Staff reporter | Published: 07 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

BUSINESS NEWS

Zim narrows trade deficit by 62% since 2015

Zimbabwe has made significant strides over the last two years in reducing its trade deficit from $3,5 billion in 2015 to $1, 3 billion presently. ZimTrade board chairman Lance Jena revealed the statis...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

Zimbabwe says to slash budget deficit

Zimbabwe plans to cut its budget deficit by half next year to 4 percent of GDP, the national Treasury said, an ambitious goal at a time when the country is expected to hold a presidential vote that ve...

By Staff reporter | Published: 18 October 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

BUSINESS NEWS

Zimbabwe set to end power deficit

Zimbabwe has 16 power projects at various stages of construction with a potential of generating 6 000 megawatts of power when complete which is significant towards ending the power deficit within the ...

By Staff reporter | Published: 11 September 2017

BUSINESS NEWS

Zimtrade tackles trade deficit

Zimtrade is seeking ways of reducing a trade deficit of $1.2 billion recorded in the first seven months of this year by engaging exporters and looking for ways of boosting productivity in critical sec...

By Staff reporter | Published: 06 September 2017

ECONOMC INDICATORS

Zim-SA trade deficit widen by 15%

THE trade deficit between Zimbabwe and South Africa widened by 15% to $131 million in the first seven months of the year, latest trade data from the Statistics Agency shows.Data gathered from the Zimb...

By Staff reporter | Published: 30 August 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

BUSINESS NEWS

Zim expects $700m budget deficit for 1H 2017

GOVERNMENT is expected to have accumulated a budget deficit of around $700 million during the first half of this year, far above the full year projection of a $400 million deficit, a Treasury source ...

By Staff reporter | Published: 24 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
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