ZIMBABWE

'Zim will stick to IMF programme,' says Chinamasa

FINANCE Minister, Patrick Chinamasa, said on Thursday the country will stick to an IMF monitoring programme that could pave way for the country to clear its debts, as the economy grapples with chronic...

By Reuters | Published: 03 October 2013

ECONOMC INDICATORS

Cost of living marginally rises

The cost of living for an urban family of 6 increased by 0.8% to $567,03 last month pushed up mainly by the rising cost of  food, latest figures from the Consumer Council of Zimbabwe have shown. ...

By Business reporter | Published: 03 October 2013

ZIMBABWE

Modalities to address economic challenges on cards

GOVERNMENT is in the process of approving a short and medium term economic plan to address challenges faced by the industry, a Cabinet minister has said.Addressing delegates at the launch of the Manuf...

By Business Reporter | Published: 03 October 2013

ECONOMC INDICATORS

Govt to introduce new import policies

New import policies that will soon be introduced by Government to curb the influx of cheap imports will not affect the product supply chain in the country but create a level playing field that will bo...

By Staff reporter | Published: 30 September 2013

ECONOMC INDICATORS

Trade deficit with SA widens to $1 billion

Latest statistics indicate that the trade gap between Zimbabwe and South Africa accelerated to over $1 billion in the first seven months of the year. South Africa is Zimbabwe's largest trade partner....

By Staff reporter | Published: 30 September 2013

ZIMBABWE

Zimbabwe faces electricity deficit

ZIMBABWE experienced a 17,69 percent deficit on its total domestic and commercial electricity requirements during the eight months to August 2013, official industry data has shown.The magnitude implie...

By Business Reporter | Published: 30 September 2013

ZIMBABWE

AfDB urges Zimbabwe to reduce trade deficit

ZIMBABWE must limit imports as the year progresses to reduce the current high trade deficit, the African Development Bank (AfDB) has recommended in its latest Zimbabwe Monthly Economic Report.The redu...

By Staff reporter | Published: 30 September 2013

ECONOMC INDICATORS

Zimbabwe gold deliveries up 15%

Zimbabwe's gold deliveries went up 15,07 percent to 1 189,28 kg in July from 1 033,49 kg recorded in previous month.Statistics from the African Development Bank (AfDB) revealed that gold deliveries by...

By Staff reporter | Published: 24 September 2013

ZIMBABWE

'Zim dollar return haunts banks,' says AfDB

Zimbabwe's declining long-term deposits is associated with depositors' speculation on the possible return of the local currency after elections, the African Development Bank (AfDB) has said.The southe...

By Staff reporter | Published: 24 September 2013

ECONOMC INDICATORS

'Multi-currency regime to stay,' says Chinamasa

The Finance Minister, Patrick Chinamasa says the multi-currency regime prevailing will be maintained until the economy stabilises.The remarks come a few weeks after there was scepticism over the use o...

By Staff reporter | Published: 23 September 2013

ZIMBABWE

Zimbabwe hopeful on IMF programme

Zimbabwe is hopeful it will fulfil the set targets on the International Monetary Fund supervised economic reform programme, Finance minister Patrick Chinamasa said last week. In June, the IMF agreed o...

By Staff reporter | Published: 23 September 2013

ZIMBABWE

Zimbabwe talks tough on taxes

Zimbabwe's tax commissioner says the government wants to turn around following the damage cause by 15 years of de-industrialisation and investment outflows, but this does not mean going soft on tax pe...

By Staff reporter | Published: 18 September 2013

EUROPE

UK inflation rate falls to 2.7% in August

UK inflation measured by the consumer prices index (CPI) fell to 2.7% in the year to August, from 2.8% in July.It means prices are still rising faster than wages, which rose by 1.0% on average over th...

By BBC | Published: 17 September 2013

ECONOMC INDICATORS

Loans and advances July performance

According to the Reserve Bank of Zimbabwe's monthly report for July, credit to the private sector continued to be driven by loans and advances, which were partly sustained by offshore lines of credit,...

By Staff reporter | Published: 16 September 2013

ECONOMC INDICATORS

Non-food inflation surges

NON-FOOD inflation rose 1,44 percent in the 12 months to August 2013, pushing up annualized inflation for the period by 0,03 percent to 1,28 percent, the August report from the Zimbabwe National Stati...

By Staff reporter | Published: 16 September 2013

ECONOMC INDICATORS

Zimbabwe family basket marginally rises

The basket for a family of six rose to $562,52 for the month of August from $561,32 in July due to an increases in the food basket, the Consumer Council of Zimbabwe has said. According to CCZ, the fam...

By Staff reporter | Published: 13 September 2013

ZIMBABWE

Zimbabwe courts diamond investors

President Robert Mugabe's government is expected to open Zimbabwe's diamond sector to increased foreign investment, as it highlighted that its policy would not seek to "nationalise or expropriate priv...

By Staff reporter | Published: 12 September 2013

ZIMBABWE

Zimbabwe misses IMF diamond revenue target

ZIMBABWE has missed a June deadline to ensure diamond revenue from Marange flows into Treasury as part of reforms under a supervised programme by the International Monetary Fund (IMF), the Standard r...

By Business reporter | Published: 08 September 2013

ZIMBABWE

Zimbabwe's economic future uncertain , says WB

THE World Bank has said the 2014 outlook for Zimbabwe's still ailing economy remains increasingly uncertain due to a host of internal and external factors, the Standard reported.In its September Econ...

By Business reporter | Published: 08 September 2013

ZIMBABWE

Belgium demands lifting of Zim diamond sanctions

Brussels - Belgium, centre of the global diamond trade, is demanding that the European Union lift sanctions on a Zimbabwean mining firm despite deep concerns within the bloc over alleged fraud in a J...

By Reuters | Published: 06 September 2013

ZIMBABWE

A World Bank economic overview of Zimbabwe's future

AS the new government takes office, the World Bank says the 2014 outlook for Zimbabwe's ailing economy is increasingly uncertain.According to the World Bank's September economic briefing, the economy ...

By Staff reporter | Published: 05 September 2013

ECONOMC INDICATORS

Nonbank Financial intermediaries loan penetration increase

According to the 2012 Financial Access report, there has been a growing importance of Nonbank Financial Intermediaries (NBFI) showing that NBFIs are playing an important role in deposit and loan pene...

By Business reporter | Published: 02 September 2013

ZIMBABWE

Zimbabwe gold output depressed

Zimbabwe's gold production slumped 8,64 percent in June 2013 as the sector remains under pressure from falling price of the yellow metal.Gold prices plummeted to $1, 198 per ounce as at June 7, the l...

By Staff reporter | Published: 02 September 2013

ZIMBABWE

Zimbabwe to lead diamond producers - report

Zimbabwe has the potential to become the world's top diamond producer should the gems be sold on an open market, a Canadian firm has reported.In its commentary on the diamonds sector, Kitco, a company...

By Business reporter | Published: 02 September 2013

ECONOMC INDICATORS

Inflation continues to decline

The country has been recording low levels of inflation and this has been a good sign of stability in the economy.For most sectors such as property the stability of inflation gives the advantage of ...

By Business reporter | Published: 30 August 2013
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