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

ECONOMC INDICATORS

Zim's inflation eases

Zimbabwe's annual inflation rate eased to 2.91 percent in December, down from 2.99 percent the previous month due to reduced food and clothing costs, the national statistics agency said Tuesday.The ...

By Sapa-AFP | Published: 10 June 2013

ECONOMC INDICATORS

Zimbabwe's trade deficit reaches $3.6 billion

Zimbabwe's trade deficit in the year to December amounted to $3.6 billion after imports of $7.48 billion and exports of $3.88 billion, the Zimbabwe Statistical Office (Zimstats) has said.The trade d...

By Business reporter | Published: 10 June 2013

ZIMBABWE

'Zimbabwe is one of the least free economies'

A LEADING American think-tank has ranked Zimbabwe as one of the least "free economies" in the world due to the perceived political instability and policy volatility that has marked the lifespan of ...

By Business reporter | Published: 10 June 2013
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