ECONOMC INDICATORS

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

ZIMBABWE

'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

ZIMBABWE

'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

ECONOMC INDICATORS

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

ZIMBABWE

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

ZIMBABWE

'Zim should ask for debt forgiveness'

PRESIDENT Robert Mugabe's new administration has been urged to beg for debt forgiveness from the West as the country seeks to stimulate growth in the coming 12 months.Zimbabwe's external debt is estim...

By Staff reporter | Published: 04 November 2013

ECONOMC INDICATORS

Chinamasa reviews revenue projections

Government has revised downwards revenue projection for 2013 from the initial $3.86 billion to $3.762 billion owing to the poor performance of the economy in October.The decision by government to revi...

By Staff reporter | Published: 02 November 2013

ZIMBABWE

Manufacturing sector growth goes down

The Ministry of Industry and Commerce says growth in the manufacturing sector has been slowing down since 2011.In her presentation during the pre-budget seminar under way in Victoria Falls, the Deputy...

By Staff reporter | Published: 02 November 2013

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
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