Zim trade deficit worsens

Zimbabwe's current account deficit ballooned by half a billion dollars in the 10 months to October 2013 as the country remains a net importer.Figures released by the Zimbabwe Statistical Agency indica...

By Staff reporter | Published: 11 December 2013


EU to grant Zim $4,1m

The European Union (EU) will next year grant Zimbabwe $4,1 million to finance a feasibility study targeted at facilitating revival of its iron and steel industry.The country's steel industry has been...

By Staff reporter | Published: 09 December 2013


Zim to benefit from better air transport market

Leaders of the African Airlines Association (AFRAA) have resolved to work closely to better serve the continent's air transport market and connect Africa to the rest of the world.A statement at the e...

By TradeMark | Published: 09 December 2013


'Zim requires $22bn stimulus package'

ZIMBABWE requires a $22 billion stimulus package from international capital markets to ignite economic growth on the back of massive company closures and intense competition from regional peers, a loc...

By Business Reporter | Published: 09 December 2013


'US dollar inflows key to Zim economic revival'

Zimbabwe's economic growth will be determined by continued inflows of the United States dollar into the country, Imara Asset Management Zimbabwe (Imara) has said.Peter Bailey, Imara's chairperson, sai...

By Staff reporter | Published: 04 December 2013


Cost of living up

The cost of living and the low income urban earner monthly basket for November increased to $562,02 from the October figure of $561,99 with the food basket recording an increase of $1,07.According to ...

By Staff reporter | Published: 03 December 2013


Zim plans diaspora bond to fund power projects

Zimbabwe plans to tap the wallets of its three million citizens living abroad by issuing bonds to finance power projects at home, state media reported Wednesday.To start off the programme, an $8 mill...

By Xinhua | Published: 01 December 2013


International lenders wary of Zimbabwe

Expansionary monetary policy is still the order of the day in developed economies as central bankers remain at the forefront of the battle to keep recession at bay.With those markets awash with money,...

By Staff reporter | Published: 29 November 2013


Zimbabwe inflation decline sustainable

Zimbabwe's inflation levels, which declined last month, is likely to maintain a downward trajectory, analysts said.The Zimbabwe National Statistics Agency (Zimstats) said the country's annual inflatio...

By Staff reporter | Published: 28 November 2013


Zimbabwe sells debt to selected investors

The Government has raised $42,5 million by selling debt of up to one year's duration to selected investors after public Treasury Bill sales by the central bank failed, a Finance Ministry official said...

By Bloomberg | Published: 27 November 2013


Industrial performance to remain low in 2014

THE country's industrial performance is likely to remain depressed in 2014 due to a host of challenges facing the economy, HiFund Investment director Mr Arnold Chidhakwa said on Friday.Presenting a p...

By Business Reporter | Published: 25 November 2013


IMF still monitoring Zim progress

DISCUSSIONS on the progress of the International Monetary Fund (IMF), Staff-Monitored Programme (SMP) will continue until next month when the government will give a report, sources have said.According...

By Staff reporter | Published: 25 November 2013


Zimbabwe in trade surplus with US

ZIMBABWE recorded a trade surplus of $32 million in its trade with the United States in the first nine of the 2013, official data shows.The figures show a recovery from a deficit of $8,7 million in th...

By New Ziana | Published: 20 November 2013


Zimbabwe inflation declines

Zimbabwe's year on year inflation has declined to 0.59 percent, benefiting from the fall of the South African rand against the United States dollar.Inflationary conditions continue to be on a decline ...

By Staff reporter | Published: 19 November 2013


Zimbabwe seeks $10bn bailout from China

ZIMBABWE is seeking $10 billion bailout from China to kick start the economy which is comatose following the re-election of President Robert Mugabe in July 31.The country, whose economy is stagnant, d...

By Staff reporter | Published: 18 November 2013


'Zim economy still vulnerable'

The Reserve Bank of Zimbabwe (RBZ) says the economy is not yet free from the risk of corporate failures such as those experienced in the past, which brings about the need for corrective action.Corpora...

By Staff reporter | Published: 15 November 2013


Zim likely to adopt dual currency

Zimbabwe is likely to adopt a dual currency system that could bring bank the Zimbabwe dollar alongside the US currency if the government fails to resolve the liquidity crisis and to convince multilate...

By Staff reporter | Published: 12 November 2013


Treasury completes debt audit

GOVERNMENT has completed validation of public debt and will soon release a detailed account of the makeup of the country's liabilities, a senior official has said.Zimbabwe Head of Aid and Debt Managem...

By Staff reporter | Published: 11 November 2013


'Zim economy to grow by 4% in 2014,' says WB

Zimbabwe's economy is expected to grow by 4%, two percentage points down from Treasury projections dragged by weakening commodity prices, the World Bank has said.In its economic briefing for November,...

By Staff reporter | Published: 07 November 2013


'Govt capacity to turnaround economy limited'

Zimbabwe has limited capacity to stop economic bleeding and mitigate liquidity constraints due to its inability to ease the markets quantitatively by controlling money supply, according to the Zimbabw...

By Staff reporter | Published: 07 November 2013


Zim forecasts a $100 million budget deficit

TREASURY has projected a $100 million deficit on the 2013 budget after revising downward targeted collections for the year on poor revenue inflows in October and anticipated poor revenue inflows for t...

By Staff reporter | Published: 06 November 2013


'IMF plan may relieve Zim,' says AfDB

Full implementation of the International Monetary Fund (IMF)'s Staff Monitored Programme (SMP) in Zimbabwe will help reduce the country's indebtedness, the African Development Bank (AfDB) says.The reg...

By Staff reporter | Published: 05 November 2013


'Zim needs budgetary support,' says Biti

Zimbabwe desperately needs external budgetary support to help revive its economy, former Finance minister Tendai Biti says.He said the greatest challenge in formulating the country's 2014 budget will ...

By Staff reporter | Published: 05 November 2013


Zim's GDP to grow by 6.1% in 2014

ZIMBABWE'S gross domestic product is projected to grow by 6.1 percent next year to $15,5 billion driven by mining, Finance and Economic Development Minister Patrick Chinamasa has said.Addressing parli...

By Staff reporter | Published: 04 November 2013


Chinamasa to delay 2014 National Budget presentation

THE presentation of the 2014 National Budget will be delayed because Finance Minister Patrick Chinamasa wants ample time to consult all stakeholders, but he will fulfil the constitutional requirement ...

By herald | Published: 04 November 2013

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