ZIMBABWE

Zimra misses revenue target by 6%

The Zimbabwe Revenue Authority (Zimra) missed its revenue collection target for the second quarter of this year by six percent after its net collection amounted to US$836,9 million against a target of...

By Business Reporter | Published: 18 July 2013

EUROPE

BoE signals retreat from quantitative easing

The Bank of England's interest rate-setting committee signalled on Wednesday that it was retreating from quantitative easing as a means of stimulating the economy, preferring a more "mixed" strategy i...

By Business reporter | Published: 17 July 2013

ZIMBABWE

AfrExim Bank to increase Zimbabwe's borrowing limit

The Africa Export and Import Bank (AfrExim Bank) plans to increase Zimbabwe's borrowing limit to $800 million for the benefit of the productive sectors.The proposed upward adjustment of Zimbabwe's bor...

By Business reporter | Published: 17 July 2013

EUROPE

UK inflation rate rises to 2.9% in June

The rate of consumer price index (CPI) inflation increased to 2.9% in June, up from 2.7% in May, according to the Office for National Statistics (ONS).The figure, a 14-month high, was lower than the ...

By BBC | Published: 16 July 2013

AMERICAS

US inflation rises to 1.8% in June

Annual US consumer price inflation hit 1.8% in June as clothing, petrol and services costs all increased.That was up from the 1.4% figure recorded in May but still below the target inflation figure o...

By BBC | Published: 16 July 2013

ECONOMC INDICATORS

June CPI slows to 1.87%

Zimbabwe's year-on-year inflation rate for the month of June 2013 as measured by the all items Consumer Price Index stood at 1.87% shedding 0.33 percentage points on the May 2013 rate of 2.2%, the Zim...

By Business reporter | Published: 16 July 2013

ZIMBABWE

Mineral earnings to reach $24 billion

Mineral earnings from Zimbabwe are projected to rise 12-fold to $24 billion by 2018, from $2.6 billion last year, a study of the industry has shown, pointing out that fiscal revenue would equally get...

By Business reporter | Published: 16 July 2013

ZIMBABWE

Zimbabwe vulnerable to external shocks, says WB

ZIMBABWE'S international reserves are low at less than a month of import cover, far below the benchmark required for dollarised economies, leaving the country susceptible to external shocks, a World ...

By Business reporter | Published: 08 July 2013

ZIMBABWE

SA fuel hikes to affect Zimbabwe

Zimbabwean import costs from South Africa (SA) - its biggest trading partner - are expected to sharply increase, as a result of incessant fuel price hikes in that country, economic analysts say.Eric ...

By Business reporter | Published: 08 July 2013

ZIMBABWE

'No early Zim dollar return,' says Mugabe

President Mugabe has revealed that a Zanu-PF Government will not rush to re-introduce the Zimbabwe dollar if elected to power on July 31 as the party is mindful of avoiding a repeat of the hyperinfla...

By Staff reporter | Published: 08 July 2013

AFRICA

Mandela banknotes defective

Johannesburg - An important security feature on the new Mandela banknotes – which were rolled out in November last year - has been found to be defective, the Sunday Times reported on Sunday.The sec...

By Sapa | Published: 08 July 2013

MIDDLE EAST

Lalu Samuel ranked among top 100 Indian leaders in the UAE

1 July, 2013, Sharjah, UAE: Forbes Middle East announced the coveted list of the Top 100 Indian Leaders in the UAE at an impressive ceremony hosted recently at The Oberoi, Dubai, UAE. Lalu Samuel, Ch...

By Staff reporter | Published: 08 July 2013

AMERICAS

US added more workers in June than forecast

Employment increased more than forecast in June, wages picked up and the U.S. jobless rate held close to a four-year low as the world's largest economy weathered the effects of higher taxes and feder...

By Bloomberg | Published: 05 July 2013

ZIMBABWE

Zimbabwe to go it alone on diamonds mining

Government is mulling going it alone on Diamond mining and production as it says the country is well-equipped to start diamond mining operations through local consortia without foreign partnership t...

By Business reporter | Published: 10 July 2013

ZIMBABWE

Biti set to demonetise Zim dollar

Finance minister Tendai Biti is on the verge of gazetting a statutory instrument which will, among other things, seek to demonetise (to withdraw a currency from further use) the Zimbabwe dollar. Sour...

By Staff reporter | Published: 05 July 2013

ZIMBABWE

'Investment projects implementation low,' says AfDB

The African Development Bank says project implementation of investment projects since 2008 has been a paltry 6.9%. During 2008-2011, actual investments in the country amounted to $709.5 million out ...

By Business reporter | Published: 10 July 2013

ECONOMC INDICATORS

Zimbabwe's trade deficit widens

Zimbabwe's trade deficit for the four months to April widened to $1.6 billion after the country imported goods worth $2.62 billion against exports of $1.02 billion. According to statistics released by...

By Business reporter | Published: 05 July 2013

AFRICA

SA Rand set for more weakness

South African government bonds retreated further on Thursday while the rand drifted near the previous session's four-day lows against the dollar, with pressure on riskier assets likely to persist ahe...

By Reuters | Published: 08 July 2013

ZIMBABWE

Wold Bank upbeat on Zimbabwean economy

The Zimbabwean economy, which has registered a 25.2% growth since 2009, wields great potential for sustained growth and poverty reduction, the World Bank has said. The multilateral lender said this i...

By Business reporter | Published: 03 July 2013

ZIMBABWE

Cement output to peak

Cement production is this year's expected to reach 1999 levels when output peaked with more than 1,1 million tonnes produced, the chairman of the Cement and Concrete Institute, Gavin Stephens has said...

By Business reporter | Published: 03 July 2013

ZIMBABWE

Zimbabwe misses tobacco target

Zimbabwe  has missed the 170 million kg tobacco production target set for the industry this year as the selling season for the golden leaf comes to an end on Friday.Statistics from the Tobacco I...

By Business reporter | Published: 03 July 2013

ECONOMC INDICATORS

Retrenchment figures rise by 15%

At least 863 workers were retrenched during the first four months of this year compared to 746 laid off during the same period last year, representing a 15 per cent increase, the Retrenchment Board sa...

By Staff reporter | Published: 03 July 2013

ZIMBABWE

China remains Zimbabwe's top investor

China remained Zimbabwe's undisputed largest investor during the first five months this year, accounting for 74 percent of the $134 million of the foreign direct investments pouring into the southern ...

By Business reporter | Published: 03 July 2013

ZIMBABWE

Rand volatility brings no joy to Zimbabweans

The volatility of the South African rand has brought no joy for Zimbabwean consumers who expected the weakening of the rand against the US dollar to contribute to the lowering of prices.There was an e...

By Business reporter | Published: 02 July 2013

ZIMBABWE

Zimbabwe's in need of adequate power supplies

Zimbabwe's economy which is on the recovery path cannot grow productively without reliable and adequate power supplies, the Minister of Energy and Power Development, Elton Mangoma.He said this while o...

By Business reporter | Published: 01 July 2013
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