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...
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...
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...
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...
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...
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...
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...
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...
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...
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 ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 ...
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...
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...
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...
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...
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...