Zimbabwe's economy will grow by 4.2 percent this year, well short of the government's more upbeat projection as weaker global metal prices weigh on expansion, the World Bank said on Wednesday.Finance...
Economic think tank, Business Monitor International (BMI), has forecast Zimbabwe's economy to grow by 3,4 percent this year due to limited foreign direct investment in the country.It said the country...
The month of December witnessed a slight increase in the cost of living as measured by the Consumer Council of Zimbabwe's low income urban earner monthly basket for a family of six despite supermarke...
Following the completion of the validation and reconciliation exercise of the country's external debt, total external public and publicly guaranteed debt (excluding Reserve Bank and private sector ext...
Zimbabweans who lost their Zimdollar savings will be compensated next year as $20 million would be availed to financial institutions, Finance Minister Patrick Chinamasa revealed yesterday during his...
Exports of unprocessed platinum and diamonds will from January 1, 2014 attract a "heavy" tax as part of Government measures to force mining houses into beneficiating minerals and metals locally.Financ...
Government will issue Treasury Bills to raise $20 million to compensate Zimbabwe dollar account holders who lost money following the adoption of a multiple currency system in 2009.Minister Chinamasa s...
GOVERNMENT will restore the banker of last resort function of the Reserve Bank of Zimbabwe with effect from April 2014 by injecting $100 million into the institution, Finance Minister Patrick Ch...
Zimbabwe's economy should grow 6.4% in 2014, a big jump from the 3.4% projected for this year, Finance Minister Patrick Chinamasa said on Thursday."This is anchored on a strong recovery of the agricul...
The 2014 National Budget Statement...
The inflation rate in Zimbabwe continues to decline and this is an indication that the country`s aggregate demand continues to be depressed entailing that the country continues to suffer from low econ...
Finance Minister Patrick Chinamasa presents the 2014 national budget this Thursday and it will be a golden opportunity to bury for good, fears and speculation that the Zimbabwe dollar might find its ...
THE Confederation of Zimbabwe Industries, the country's biggest sector lobby group, says the manufacturing sector has not realised new inflows of foreign direct investment over the last three years. A...
ZIMBABWE's annual inflation declined to 0.54% on the October rate of 0.59% as domestic demand continues to decrease, according to ZimStat. The year on year food and non alcoholic beverages inflation ...
THE ZIMBABWE economy is close to deflation due to the stagnancy and decline in prices as consumer spending continues to weaken, it has emerged.Local economist Tony Hawkins said the country is witnes...
Zimbabwe's current account deficit ballooned by half a billion dollars in the 10 months to October 2013 as the country remains a net importer.Figures released by the Zimbabwe Statistical Agency indica...
The European Union (EU) will next year grant Zimbabwe $4,1 million to finance a feasibility study targeted at facilitating revival of its iron and steel industry.The country's steel industry has been...
Leaders of the African Airlines Association (AFRAA) have resolved to work closely to better serve the continent's air transport market and connect Africa to the rest of the world.A statement at the e...
ZIMBABWE requires a $22 billion stimulus package from international capital markets to ignite economic growth on the back of massive company closures and intense competition from regional peers, a loc...
Zimbabwe's economic growth will be determined by continued inflows of the United States dollar into the country, Imara Asset Management Zimbabwe (Imara) has said.Peter Bailey, Imara's chairperson, sai...
The cost of living and the low income urban earner monthly basket for November increased to $562,02 from the October figure of $561,99 with the food basket recording an increase of $1,07.According to ...
Zimbabwe plans to tap the wallets of its three million citizens living abroad by issuing bonds to finance power projects at home, state media reported Wednesday.To start off the programme, an $8 mill...
Expansionary monetary policy is still the order of the day in developed economies as central bankers remain at the forefront of the battle to keep recession at bay.With those markets awash with money,...
Zimbabwe's inflation levels, which declined last month, is likely to maintain a downward trajectory, analysts said.The Zimbabwe National Statistics Agency (Zimstats) said the country's annual inflatio...
The Government has raised $42,5 million by selling debt of up to one year's duration to selected investors after public Treasury Bill sales by the central bank failed, a Finance Ministry official said...