ZIMBABWE

Zim seeks budgetary support from China

Patrick Chinamasa, Zimbabwe's Finance minister, is taking his begging bowl to China to seek budgetary support, the Daily News reported.This emerged after a meeting held between Information, Media and ...

By Staff reporter | Published: 01 November 2013

ZIMBABWE

IMF team expected in Zimbabwe next week

An International Monetary Fund (IMF) team is expected to arrive in Zimbabwe next week as part of a Staff Monitored Programme (SMP) to examine the implementation of the country's economic programmes.Th...

By Staff reporter | Published: 01 November 2013

ZIMBABWE

Zimbabwe's power generation to increase

Zimbabwe's overall power generation is forecast to increase by an annual average of 6.9 percent between 2013 and 2022, to reach 15.2 Terawatt hours (TWh). The biggest contributor being coal fired powe...

By Staff reporter | Published: 31 October 2013

ZIMBABWE

2014 national budget preparations gather pace

Members of Parliament converge for the next two days at the resort town of Victoria Falls for a pre-budget conference amid expectations legislators would come up with firm proposals to breathe life in...

By Staff reporter | Published: 31 October 2013

ZIMBABWE

'Zim one of the worst countries to do business'

Zimbabwe has declined two positions to 170 out of 185 countries on the ease of doing business, according to the latest World Bank 2014 report.Despite the implementation of the midterm policy as its e...

By Staff reporter | Published: 31 October 2013

ZIMBABWE

Multi-currency to anchor Zim Asset

THE multi-currency system will remain functional over the five-year tenure of the new economic blue-print, the Zimbabwe Agenda for Socio-Economic Transformation, to consolidate macro-economic stabilit...

By Business Reporter | Published: 31 October 2013

ECONOMC INDICATORS

ZNCC proposes new tax measures

THE Zimbabwe Chamber of Commerce has advised government to immediately review the country's income taxes, criticising the current tax regime as stifling business growth and investment.Submitting a pap...

By Business Reporter | Published: 30 October 2013

ZIMBABWE

Lack of investor confidence dogs Zim

Lack of investor confidence in doing business in Zimbabwe remains a major stumbling block in efforts to revive the country's broken economy, the Zimbabwe National Chamber of Commerce (ZNCC) has said.T...

By Staff reporter | Published: 30 October 2013

ZIMBABWE

'Zim can become top growing African economy'

A study conducted by the Harvard Kennedy School says Zimbabwe has the potential to become the fastest growing economy in Africa by 2020.The study by the American University titled, "The atlas of econo...

By Staff reporter | Published: 29 October 2013

ZIMBABWE

Zim economy shrinking, debts to rise, says Biti

Former Finance Minister Tendai Biti says lack of fiscal management will plunge Zimbabwe into an economic crisis with both the local and foreign debts set to get out of control within the next few mo...

By Staff reporter | Published: 29 October 2013

ECONOMC INDICATORS

Zimra misses revenue target

THE Zimbabwe Revenue Authority has missed its revenue collection target for the third quarter to September 30, 2013 after collecting $897 million against the budgeted $904 million.While the 1 percent ...

By Staff reporter | Published: 24 October 2013

ZIMBABWE

Corruption hampering Zim economic growth

The Government is concerned with the level of corruption in both the private and public sectors as it is hampering recovery of the economy.Speaking at the Confederation of Zimbabwe symposium on ethics...

By New Ziana | Published: 23 October 2013

ECONOMC INDICATORS

Zim's trade deficit widens

Zimbabwe's trade deficit ballooned to $3,02 billion in the eight months to August 2013 after the country imported goods worth $5 137 billion against $2,11 billion exports during the period.According ...

By Staff reporter | Published: 21 October 2013

ZIMBABWE

IMF will not fund Zimbabwe programmes

Zimbabwe will not receive any money from multilateral institutions until it completes the staff monitored programme proposed by the International Monetary Fund, Finance and Economic Development Minis...

By Staff reporter | Published: 21 October 2013

ZIMBABWE

Govt sets 9.9% economic growth target

Government intends to grow the economy that suffered a major knock from the illegal sanctions imposed by the West for over a decade by at least 9,9 percent in the next five years through value additio...

By Staff Reporter | Published: 18 October 2013

ZIMBABWE

Economic blueprint unveiled

The Zanu-PF Politburo yesterday adopted government's economic blueprint that spearheads the turnaround and development of the economy over the next 5 years. Dubbed "Zimbabwe Agenda for Sustainable Soc...

By Staff reporter | Published: 17 October 2013

ECONOMC INDICATORS

Zim's September CPI eases to 0.86%

Zimbabwe's year-on-year inflation rate for the month of September 2013 as measured by the all items Consumer Price Index stood at 0.86% shedding 0.42% on the August 2013 rate of 1.28%, the Zimbabwe Na...

By Staff reporter | Published: 16 October 2013

ZIMBABWE

Cost of living rises marginally

THE cost of living has increased marginally by 0,80 percent last month as a result of increases in prices of some basic commodities.A survey by the Consumer Council of Zimbabwe that was carried out us...

By Staff reporter | Published: 15 October 2013

ZIMBABWE

Uncertainty dogs Zim economic growth

Zimbabwe's economic revival is subject to an unusual degree of uncertainty associated with President Robert Mugabe's re-election, a research firm Invictus Capital (Invictus) has said."Following the J...

By Staff reporter | Published: 14 October 2013

ZIMBABWE

AfDB approves Zimbabwe 'debt relief' grant

The African Development Bank (AfDB) has approved a grant earmarked to capacitate Zimbabwe to undertake a debt sustainability analysis and to formulate a roadmap to accessing funds under the Heavily In...

By Staff reporter | Published: 11 October 2013

ECONOMC INDICATORS

Zimstats to update GDP figures

THE Zimbabwe National Statistics Agency will soon release fresh statistics of Gross Domestic Product figures reflecting the contribution of small to medium enterprises to economic growth.SMEs have al...

By Business Reporter | Published: 11 October 2013

ZIMBABWE

'Zim economic growth receding,' says IMF

Zimbabwe has been ranked among the slowest growing economies in sub-Saharan Africa this year, lagging behind war-ravaged Democratic Republic of Congo and Mozambique, due to lack of sustained economic ...

By Staff reporter | Published: 10 October 2013

AMERICAS

Obama to nominates a woman as Fed chair

WASHINGTON - Janet Yellen will become the first woman to hold the most powerful job in the world economy after administration officials said that President Barack Obama would nominate her as chair of ...

By FT | Published: 09 October 2013

ECONOMC INDICATORS

Non-performing loans balloon

Zimbabwe's non-performing loans have grown substantially by more than 10 percentage points to over 15 percent since dollarisation in 2009, indicating stagnation in the economy.Statistics released rece...

By Staff reporter | Published: 07 October 2013

ECONOMC INDICATORS

Zimbabwe exports to SA up 6%

South Africa has increased market share of manufactured goods that it is importing from Zimbabwe despite the continuous decline in capacity utilisation in local firms. According to the latest survey b...

By Staff reporter | Published: 07 October 2013
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