ECONOMC INDICATORS

Zimbabwe policy environment least supportive in the world

The World Economic Forum (WEF) has said Zimbabwe's policy environment is one of the least supportive in the world due to restrictive laws regarding foreign direct investment and property rights.&nbs...

By Fin24 | Published: 10 June 2013

ZIMBABWE

Zim economy has potential to reach Singapore size by 2050

A leading emerging markets economist says Zimbabwe's economy has the potential to grow to the size of Singapore by 2050 if it guarantees property rights, rafts effective agriculture and currency pol...

By Staff reporter | Published: 10 June 2013

EUROPE

If you thought Zimbabwe's Gono was bad, what about Cyprus

Euro-area finance ministers agreed to an unprecedented tax on Cypriot bank deposits as officials unveiled a 10 billion-euro ($13 billion) rescue plan for the country, the fifth since Europe's debt c...

By bloomberg | Published: 10 June 2013

ECONOMC INDICATORS

Zimbabwe's year-on-year inflation increases to 2.98%

Data released by the Zimbabwe National Statistics Agency (ZIMSTAT)  on Friday shows that year on year inflation for February 2013 increased by  0,47 percentage points to 2,98 percent from ...

By Business reporter | Published: 10 June 2013

ZIMBABWE

Heavily indebted customers negatively affecting the retail sector

Edgars Limited MD Linda Masterson told an analyst briefing yesterday that low disposable income in the market and heavily indebted customers are negatively affecting the retail sector including the...

By Business reporter | Published: 10 June 2013

ZIMBABWE

Zimbabwe surpasses revenue target

Zimbabwe surpassed its revenue target for February this year, after collecting $278 million against a target of $250 million as government seeks to consolidate efforts to raise funds for capital and...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

Zim economic growth to slow down

ZIMBABWE'S economy may grow by 4 percent this year, lower than the Government's forecast. But the forthcoming national elections could lay the ground for a robust growth after the elections, a local...

By Business Reporter | Published: 10 June 2013

ZIMBABWE

IMF admits its failure to restore Zim funding is delaying recovery

The International Monetary Fund (IMF) has admitted that its failure to restore funding to Zimbabwe is delaying recovery of productive sectors.The IMF team which was in the country to assess economic...

By Staff Reporter | Published: 10 June 2013

ZIMBABWE

Zimbabwe economy on death bed

Industry officials have said that anxiety over the forthcoming general elections and perceived risk is stalling the country's efforts to harness the much needed capital. Speaking at a one day-confer...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

Zimbabweans against reintroduction of ZimDollar

THE majority of Zimbabweans countrywide are in support of continued dollarisation of the economy introduced in 2009, a report by the Mass Public Opinion Institute (MPOI) says.The report, presented ...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

Zimstats adopts new CPI formula

Zimbabwe Statistics Agency has adopted a new Consumer Price Index (CPI) formula, with new weights and classifications in line with international guidelines. The new CPI takes effect from January, 20...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

AfDB urges Zimbabwe to diversify export base

ZIMBABWE should focus on diversifying its export basket for it to lower the widening trade deficit, the African Development Bank has said. The country presently imports about US$7 billion worth of ...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

UK strikes deal for Marange diamonds to return to the EU markets

Reports from Brussels, Belgium suggest that the United Kingdom has struck a deal with Belgium on the need for Marange diamonds to return to the European Union markets.According to the reports, Belgi...

By Staff Reporter | Published: 10 June 2013

ZIMBABWE

Pension funds investments key to Zimbabwe's economic growth

MNCapital and Africonomie, leading International Investment Advisory and Institutional Business Development firms in association with SHAEM Investments, Zimbabwean Emerging Markets Advisory and Comm...

By Own correspondent | Published: 10 June 2013

ZIMBABWE

Zimstat: SA continues to be Zim's main trading partner

Zimbabwe's trade with South Africa reached US$5,8  billion in 2012 although the neighbouring nation enjoyed a trade surplus.Official data from the Zimbabwe National Statistics Agency (Zimstat) ...

By Staff Reporter | Published: 10 June 2013

ZIMBABWE

Tobacco marketing season officially opens, dominated by new farmers

The 2013 tobacco marketing selling season opened on Wednesday with beneficiaries of President Robert Mugabe's land reform programme forming the majority of those who brought their bundles to be ...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

Mealie-meal prices go up

GRAIN millers around the country are facing difficulties sourcing grain locally and this has triggered an increase in mealie-meal prices, Grain Millers Association of Zimbabwe chairperson Mr Tafadzw...

By Staff Reporter | Published: 10 June 2013

ZIMBABWE

Gono warns about SA imports

The governor of the Reserve Bank of Zimbabwe, Gideon Gono, has warned that the country's overreliance on imports from South Africa could undermine Zimbabwe's economic recovery prospects.South Afric...

By Staff reporter | Published: 10 June 2013

ECONOMC INDICATORS

Monthly consumer basket decreases to $567

The Consumer Council of Zimbabwe says the average monthly basket for a family of six marginally decreased from the December 2012 figure of $572 to $567.90 for the month of January.The low-income urb...

By Business reporter | Published: 10 June 2013

ZIMBABWE

'Fake dollar notes volume worrisome,' say Gono

THE Reserve Bank of Zimbabwe (RBZ) has urged retailers and the public to be wary of fake United States dollars and South African rand notes circulating in major cities, including Bulawayo.In his mo...

By Business Reporter | Published: 10 June 2013

ZIMBABWE

Banks to reduce charges substantially

BANK charges will soon be reduced substantially following negotiations between the banking sector and the Reserve Bank of Zimbabwe amid concerns that the current level of charges was against intern...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

Gideon Gono presents Zimbabwe's monetary policy today

THE Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has postponed the announcement of the monetary policy to today.Gono was expected to have delivered the policy statement yesterday.The policy s...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

Zimbabwe gold output up 13%

ZIMBABWE'S gold output rose 13,4 percent last year to 14 742kg from 12 992kg a year earlier, but fell short of the targeted 15 000kg, latest figures from the Chamber of Mines show. Gold revenueswer...

By Business Reporter | Published: 10 June 2013

ZIMBABWE

Zimbabwe's 'ease of doing business' rating falls

Zimbabwe has slipped down two places in the World Bank's ease of doing business 2013 survey, ranking 172 out of 185 economies.The report, released on January 14, ranks economies based on ease of do...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

Zimbabwe, EU trade slumps

European Union Ambassador to Zimbabwe Aldo Dell'Ariccia said  Zimbabwe's trade with the European Union slumped by 9.8% last year and the decline is due to the  euro zone crisis and a poor...

By Business reporter | Published: 10 June 2013
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