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

AFRICA

'Relax visa rules to unlock intra-regional trade and economic growth'

AFRICAN Development Bank vice president and chief economist Professor Mthuli Ncube says visa requirements in Africa are among the factors restricting intra-regional trade and economic growth.Professo...

By Business Reporter | Published: 10 June 2013

ZIMBABWE

Zimbabwe economic growth rate to quicken, says AFDB

Zimbabwe's real Gross Domestic Product is expected to improve marginally this year from a dip in 2012 on the back of improvements in mining and agriculture, according  to a new report released ...

By Business reporter | Published: 10 June 2013

ZIMBABWE

Zimbabwe govt misses revenue targets

Zimbabwe missed revenue targets for April by 7.3% as the economy shows signs of stagnation due to the poor performance across sectors. Finance Minister Tendai Biti yesterday said, in a State of the ...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

SA institutions re-rating Zimbabwe, say Imara conference organisers

South African institutions are fast re-rating the Zimbabwe equity market, judging by their positive response to the upcoming Imara investor conference in Harare.Conference organisers expect the bigge...

By Business reporter | Published: 10 June 2013

ZIMBABWE

Tendai Biti sticks to cash-budgeting as inflows remain critical

Zimbabwe's minstry of finance will continue cash- budgeting as revenue inflows remain severely depressed due to poor economic performance, a senior government official said Monday.Acting permanent s...

By Agencies | Published: 10 June 2013

ZIMBABWE

Zim's economy now ranked among the top 10 in Africa

ZIMBABWE is now ranked among the top 10 economic performers on the continent, the Economic Report for Africa has revealed.Majority of these better performing countries are heavily dependent on oil o...

By Business Reporter | Published: 10 June 2013

ZIMBABWE

Zimbabwe seeks $10 billion debt cancellation

Finance Minister Tendai Biti says a government led by his MDC party would push for the cancellation of the country's foreign debt. Assuming the MDC-T wins upcoming elections, Biti said a post-Mugabe ...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

Zimbabwe's year-on-year inflation rate goes down

Zimbabwe's year-on-year inflation rate for April 2013 shed 0,27 percentage points on the March 2013 rate of 2,76 percent to 2,49 percent, the Zimbabwe National Statistics Agency has said. This means ...

By Staff Reporter | Published: 10 June 2013
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