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

ECONOMC INDICATORS

Zimbabwe trade deficit worsens to $1.6bn in 4 months to April

Zimbabwe's trade deficit in the 4 months to April widened to US$1.6 billion after it imported goods worth US$2.62 billion against exports of $1.02 billion.According to statistics made available by Zi...

By Business reporter | Published: 10 July 2013

ECONOMC INDICATORS

Zimbabwe's annual inflation down to 2.20%

Zimbabwe's year-on-year inflation rate for the month of May declined to 2.20% vs April 2.49% while month on Month in May was -0.21% versus -0.07% in April according to figures from ZimStat.The continu...

By Business reporter | Published: 14 June 2013

AFRICA

IMF board approves loan for Mali

Washington - The IMF's executive board on Monday approved $15.1 million for Mali to support its economic programme and help the strife-torn West African nation re-engage with other donors, the Fund sa...

By Reuters | Published: 11 June 2013

AFRICA

Africa experiencing surge in sovereign funds

SINGAPORE - Africa is experiencing the strongest growth in new sovereign wealth funds in the world as its nations are amassing commodity revenues and foreign-exchange reserves, JP Morgan Asset Managem...

By Klaus Wille and Paul Burkhardt | Published: 11 June 2013

MIDDLE EAST

Saudi prince sues Forbes - report

London - Saudi billionaire Prince Alwaleed bin Talal has sued Forbes magazine for libel in a British court, alleging its valuation of his wealth at $20bn was short of the mark by $9.6bn, Britain's Gua...

By Reuters | Published: 11 June 2013

AMERICAS

US companies add more jobs

New York - Hiring by US firms was sluggish in May while a sharp rise in mortgage interest rates last week weighed on what had been a buoyant housing market, adding to signs the economy had lost some m...

By Reuters | Published: 11 June 2013

EUROPE

New London finance jobs rise 20%

London - The number of job vacancies in London's financial services sector rose 20% between April and May as employers took comfort from more stable financial markets, a recruiter said on Monday.Job v...

By Reuters | Published: 10 June 2013

ZIMBABWE

Tourist arrivals grow 14%

Zimbabwe has in the past five months registered 14 percent growth in tourist arrivals with Africa dominating in terms of receipts and volumes.According to official data released by the African Deve...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

Big bucks in Zimbabwe for brave investors

"ZIMBABWE will see an economic recovery within months." A pipe dream? Possibly not.Ian Saunders, CEO of junior gold miner New Dawn, is one of many business people who last week expressed versions of ...

By Tina Weavind I BDlive | Published: 10 June 2013

ZIMBABWE

Zimbabwe classified as a 'grant-only country'

ZIMBABWE has been classified a "grant-only country" status by the African Development Bank (AfDB) and requires the same nod from the World Bank to qualify for debt relief and interest-free loans unde...

By Ndamu Sandu I The Standard | Published: 10 June 2013

ZIMBABWE

Zimbabwe's unemployment rate is 9%, says Biti

Finance Minister Tendai Biti said on Thursday the unemployment rate in Zimbabwe is nine percent and not the eighty five percent that has been touted in some quarters.In a bid to portray the country ...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

Zimbabwe commits to IMF's Staff Monitored Programme

Zimbabwe moved a step closer to re-admission into the IMF after Finance Minister Tendai Biti and RBZ governor Gideon Gono signed documents which commit to the institute's Staff Monitored Programme.Bi...

By Financial Express | Published: 10 June 2013

AFRICA

African ministers of industry to convene on post-2015 development agenda

ADDIS ABABA, Ethiopia - The 20th Ordinary Session of the Conference of the African Union Ministers of Industry (CAMI) will take place in Nairobi, Kenya from 10-14 June, 2013. Organized under the the...

By Moyo Roy | Published: 10 June 2013

ZIMBABWE

Chinese imports killing Zimbabwe's textile industry - video

Cheap imported clothes from China, as well as clothes donated to charities which find their way to markets, are taking a heavy toll on Zimbabwe s once proud textiles industry.http://www.youtube.com/...

By AFP | Published: 10 June 2013

ZIMBABWE

Align expansion programmes with IDP, Mujuru tells business

Government has called on local companies to align their capitalisation programmes with the Industrial Development Policy so as to stimulate recovery and growth of the economy Acting President Jo...

By Financial Express | Published: 10 June 2013

ZIMBABWE

Informal sector contributing around 20% of Zimbabwe's GDP

The informal sector contributes around 19.5% of Zimbabwe's gross domestic product or a total value added of $1.73 billion. According to figures from Zimstat the total value added for the inform...

By Financial Express | Published: 10 June 2013

ZIMBABWE

Zim's cost of living goes down

The decrease in the prices of fuel last month has impacted positively on the prices of most basic commodities which have gone down considerably resulting in a decline in the cost of living.Fuel pric...

By Business Reporter | Published: 10 June 2013
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