ZIMBABWE

'Zimbabwe's economic future bright,' says Gono

RESERVE Bank of Zimbabwe Governor Dr Gideon Gono says the country's economic future looks bright provided the incoming Government quickly moves to deal with factors affecting growth.He said the Zanu P...

By Business reporter | Published: 23 August 2013

AMERICAS

Brazil to launch $60bn currency programme

SAO PAULO - Brazil's central bank said it will launch a currency intervention programme worth about $60bn to ensure liquidity and reduce volatility in the nation's foreign exchange market. The program...

By FT | Published: 23 August 2013

ZIMBABWE

Zesa load-shedding to continue until 2014

ELECTRICITY outages are set to continue until February next year due to maintenance work being carried out at the country's major power stations in Kariba and Hwange, Zimbabwe Power Company (ZPC), ha...

By Staff reporter | Published: 23 August 2013

ZIMBABWE

Blending to reduce fuel import bill

THE proposed introduction of mandatory blending of ethanol (E5) and unleaded petrol is expected to reduce  the  fuel import  bill  by at least 5%, but some  motorists fear the...

By Business reporter | Published: 20 August 2013

ECONOMC INDICATORS

Zimbabwe inflation slows down

ZIMBABWE's inflation slowed by 0,62 percentage points to 1,25% in July down from 1,87% recorded in the previous month, due to a drop in the demand for goods and services during the period.According to...

By Business reporter | Published: 19 August 2013

ZIMBABWE

Informal sector in depression

BULAWAYO'S informal sector is singing the blues, as business continues to be depressed, largely due to cut-throat competition and a cash squeeze in the second largest city.In interviews, informal trad...

By Staff reporter | Published: 14 August 2013

ZIMBABWE

Construction, agric sectors fail to attract investment

THE construction and agriculture industries are at the deep end after failing to attract any foreign direct investments (FDI) in the six months ended June, as potential suitors continue to shun the se...

By Business reporter | Published: 14 August 2013

ZIMBABWE

Zimbabwe needs foreign direct investment, says Gono

Gideon Gono said the country requires foreign direct investment (FDI) to solve the liquidity crisis and should not be seen as attacking the owners of capital.He said the only way to solve the crisis i...

By Business reporter | Published: 14 August 2013

ZIMBABWE

Zimbabwe economy remains depressed, says AfDB

The African Development Bank said Zimbabwe's economic growth is likely to be depressed with its real GDP projected to be less than $7 billion even though the country continues to record positive growt...

By Business reporter | Published: 14 August 2013

ZIMBABWE

Zimbabwe power supplies improve

THE country has recorded a significant improvement in the generation of electricity this year although it remains inadequate to meet national demand, Permanent Secretary in the Ministry of Energy and ...

By Business reporter | Published: 13 August 2013

ECONOMC INDICATORS

Cost of living falls 0,60%

The cost of living has fallen by 0,60 percent between June and July this year, a development attributed to a decrease in prices of some basic commodities in various promotions in supermarkets. The vol...

By Business reporter | Published: 13 August 2013

ZIMBABWE

SA tops as Zimbabwe's biggest tobacco buyer

SOUTH Africa has overtaken China as the biggest buyer of the country's golden leaf as of last week, according to latest statistics from the Tobacco Industry and Marketing Board (TIMB).South Africa bou...

By Business reporter | Published: 11 August 2013

ZIMBABWE

Conditions necessary for the reintroduction of the Zimdollar

1. Bank reforms - these should emphasize the issues of cooperate governance and compliance.In addition this also includes putting in place a Reserve Bank governance structure that ensures effective ov...

By Business reporter | Published: 11 August 2013

ECONOMC INDICATORS

Gideon Gono's mid-term monetary policy out next week

RESERVE Bank of Zimbabwe Governor Dr Gideon Gono will next week present his mid-term monetary policy statement expected to propel growth in a post-election era. Addressing the Bulawayo business commun...

By Business Reporter | Published: 09 August 2013

ECONOMC INDICATORS

Cost of living decreases to $560

THE cost of living as measured by the Consumer Council of Zimbabwe's low-income urban earner's monthly basket for a family of six decreased by 0,6 percent to US$561,32 by the end of July from the Jun...

By Business Reporter | Published: 08 August 2013

ZIMBABWE

Zimbabwe has enough cash, says Gono

LOCAL banks have enough cash to support the transacting public despite shortages experienced this week, Reserve Bank of Zimbabwe Governor Dr Gideon Gono said yesterday. Addressing the business communi...

By Business Reporter | Published: 08 August 2013

ZIMBABWE

Zimbabwe investment inflows decline

THE Zimbabwe Investment Authority (ZIA) has approved investment projects worth $184 million for the half year ending June 30 2013 compared to $247 million realised in the same period last year as inve...

By Business reporter | Published: 07 August 2013

ASIA PACIFIC

Australia cuts key interest rate to record low

Australia's central bank has cut its benchmark interest rate to a new record low, in an attempt to spur a fresh wave of economic growth.The Reserve Bank of Australia (RBA) cut its key rate to 2.5% fro...

By BBC News | Published: 06 August 2013

ASIA PACIFIC

Japan's tough choice on tax hike

Hong Kong-Japan is beginning to emerge from 15 years of economic stagnation but a tax rise aimed at controlling sky-high borrowing could spoil the party.The government is planning to double consumptio...

By CNNMoney | Published: 06 August 2013

ZIMBABWE

Fuel prices go up

The price of fuel has gone up with petrol selling at $1,70 per litre and diesel at $1,50 in a move that could result in a spiral of price increases of basic commodities. The increase, which coincided ...

By Business reporter | Published: 05 August 2013

ECONOMC INDICATORS

Zimbabwe inflation to slow down to 3.9%, says Biti

Zimbabwe's year on year inflation is expected to slow down to 3.9 percent  from projected 5 percent, due to the weakening rand. Finance Minister Tendai Biti said this whilst presenting the Mid-Te...

By Staff reporter | Published: 25 July 2013

ZIMBABWE

ZSE shares claw way back to positive territory

ZSE shares clawed back from yesterday's losses to close higher on Thursday led by gains in Econet for the mainstream Industrials and Bindura and Hwange for the resources sector.The Industrials Index g...

By Business reporter | Published: 25 July 2013

ECONOMC INDICATORS

Zimbabwe's trade deficit widens to $2.4bn

Zimbabwe's trade deficit widened to $2.37bn in the six months to June after imports of $3.92 bln and exports amounted to $1.546m.South Africa remained Zimbabwe's biggest trading partner in the six mon...

By Staff reporter | Published: 25 July 2013

ZIMBABWE

Fuel prices go up

Zimbabwe's fuel prices increased marginally over the weekend by an average of $0,04 after going down by at least $0,10 in May.Petrol's price, which had increased to as much as $1,60 per litre, follow...

By Business reporter | Published: 24 July 2013

ZIMBABWE

Political risks to slow down economy

A local advisory firm has projected that Zimbabwe's economy is expected to slow down during the second half of the year due to political uncertainty and macro-economic risks confronting the economy. I...

By Business reporter | Published: 22 July 2013
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