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Investors wont easily come to Zimbabwe - SA envoy says

Newly appointed South  Africa to Zimbabwe Ambassador Mphakama Mbete has said even though Zimbabwe is thirsty for development "it's not easy to get investors.""Zimbabwe is a country that i...Read more

Investors wont easily come to Zimbabwe - SA envoy says

30 April 2016 | 3738 Views
Newly appointed South  Africa to Zimbabwe Ambassador Mphakama Mbete has said even though Zimbabwe is thirsty for development "it's not easy to get investors.""Zimbabwe is a country that i...

by Staff Reporter

Cash shortages persist in Zimbabwe

29 April 2016 | 4338 Views
Zimbabwe has been experiencing cash shortages for over a month and the central bank now hopes proceeds from tobacco will help ease the cash crunch, state media reported on Thursday.The latest ...

by Staff Reporter

Zimbabwe target BRICS for investment

28 April 2016 | 2847 Views
Government is targeting at attracting foreign direct investment from BRICS nations, Macro-economic Planning and Investment Promotion minister Obert Mpofu has said.To that end, investment roads...

by Thobekile Zhou

'Zimbabwean companies should focus on increasing trade'

28 April 2016 | 1690 Views
INDUSTRY and Commerce Minister Mike Bimha says Zimbabwean companies should focus on increasing trade as a strategy to achieve economic growth.Increased trade through export earnings is the hal...

by Oliver Kazunga

Industrialisation critical, says Mnangagwa

28 April 2016 | 1823 Views
VICE President Emmerson Mnangagwa says embracing a technologically-driven business model is critical if Zimbabwe is to achieve meaningful economic progress and make an impact in the global economy....

by Prosper Ndlovu

Cash crisis still critical

28 April 2016 | 3039 Views
THE cash supply situation remained critical in the country yesterday with workers failing to withdraw their salaries.This comes as parents and guardians also prepare for children to go back to...

by Nyemudzai Kakore

PDP weekly economic policy brief - Corruption is a curse which retards our development

27 April 2016 | 1887 Views
In our economic blue print, HOPE, we recognise the need to deal will corruption as a fundamental prerequisite not only to attract investors back to the country, but to ensure that public funds are app...

by Vince Musewe

'No power tariff hike'

25 April 2016 | 2536 Views
THE Ministry of Energy and Power Development has refuted reports over alleged approval of an electricity tariff hike by the power utility, Zesa. In a statement yesterday, the ministry said a r...

by Business Reporter

Cash shortages affect SMEs gold deliveries

25 April 2016 | 2422 Views
Small-scale miners sell their gold to Fidelity, but cash shortages have been impeding steps forwardTHE continued cash shortages at Fidelity Printers and Refiners are derailing efforts to encou...

by Staff reporter

Illicit financial flows worry Zimbabwe

23 April 2016 | 3056 Views
The Reserve Bank of Zimbabwe (RBZ) has called on accountants to help authorities in stamping out illicit financial flows which prejudiced the economy US$1,8 billion in 2015.Illicit financial f...

by Staff Reporter

Zimbabwe annual inflation sheds 0,09%

20 April 2016 | 2341 Views
Zimbabwe's annual inflation for March shed 0.09 percentage points to -2,31 percent as the country continues to be affected by weak aggregate demand and lower import costs following the strengthening o...

by Staff reporter

PDP Economic Policy Brief - Sustainable water management critical to development

19 April 2016 | 2399 Views
In our policy blueprint, HOPE, we recognise sustainable water management as one of the key economic enablers. There is no doubt that water plays a vital role in the social and economic de...

by PDP

US body predicts Zimbabwe economic growth in next 4 years

18 April 2016 | 4353 Views
ZIMBABWE'S mining sector could achieve significant growth during the period 2016 to 2020, driven by increased platinum and diamond production, the US-based International Business Monitor (IBM) has sai...

by Staff reporter

Strong US$ affects Zimbabwe exports

14 April 2016 | 2709 Views
A strong United States currency is adversely affecting Zimbabwean businesses as local products cannot compete in export markets, an expert said on Tuesday. Lighting products firm Eurolux regio...

by Staff reporter

Zimbabwe still printing money

13 April 2016 | 8839 Views
Former Finance minister Tendai Biti says government is illegally printing money in the form of Treasury Bills (TBs) to honour its debts.A TB is a short-term debt obligation backed by a governm...

by Staff reporter

Zimbabwe Stock Exchange loses $400 million

12 April 2016 | 2527 Views
The Zimbabwe Stock Exchange market capitalization contracted by 14 percent to $2.6 billion in the three months to March 2016 from $3.1 billion in December last year. Latest figures show th...

by Staff reporter

PDP Weekly Economic Policy Brief - From indigenisation to empowerment

12 April 2016 | 2249 Views
In his visit to South Africa in the 90's the late Lee Kuan Yew, the Singaporean leader who took a poor tiny war ravaged outpost to become a world class economic giant, could not have put it better. He...

by StVince Musewe

Banks driving away depositors, says Mangudya

08 April 2016 | 3707 Views
RESERVE Bank of Zimbabwe Governor Dr John Mangudya has accused banks of playing a part in driving away depositors through punitive bank charges for their service and products while they do not offer m...

by Golden Sibanda

$98.6 million broadband project approved

06 April 2016 | 3269 Views
THE National Assembly yesterday approved a $98,6 million loan facility for TelOne for backbone network and broadband access project that was negotiated between the government and the Export Import Ban...

by Zvamaida Murwira

RBZ acts on cash crunch

06 April 2016 | 4073 Views
THE Reserve Bank of Zimbabwe has enlisted support from Afreximbank to put in place a nostro and export support facility as part of efforts to mitigate the cash crisis in the economy. RBZ Governor Dr J...

by Golden Sibanda

Zimbabwe to get $819 million from Afreximbank

05 April 2016 | 2848 Views
The government says Afreximbank is set to avail US$819 million bridge facility for external arrears clearance while the bank has so far made available US$504 million since January for various sect...

by Staff reporter

We should not give Zanu PF more time to destroy economy

30 March 2016 | 3780 Views
The problems we face in Zimbabwe can never be resolved at the same level of thinking which created them in the first place.Zimbabwe is now one of Africa's poorest and most repressed economies ...

by Vince Musewe - PDP Secretary for Finance and Economic Affairs

Zimbabwe govt destroying the economy

30 March 2016 | 3565 Views
Zimbabwe government has been accused of accelerating economic collapse by discouraging investments in a "country already hard-hit by a debilitating liquidity squeeze."This comes as...

by Thobekile Zhou

Chinese blamed for stalling Zimbabwe's economic turnaround

27 March 2016 | 5292 Views
An insidious culture of dishonouring loan agreements has taken root in public and private enterprise and is now affecting Government inter-State economic partnerships.The latest victims of thi...

by Kuda Bwititi

'Zimbabwe named as one of Africa's poorest economies'

26 March 2016 | 4629 Views
Zimbabwe has remained one of the most repressed economies in the world in the past decade due to rampant corruption and government mismanagement, according to the latest Index of Economic Freedom....

by Staff reporter

PDP Weekly Economic Policy Brief

22 March 2016 | 1088 Views
This week under our HOPE series of articles, we look at the 5th economic enabler which is Industrialisation and Private Sector Development.At the outset, it is important that Zimbabweans in ge...

by Vince Musewe - PDP Secretary for Finance and Economic Affairs

Zimbabwe’s exports down 13%

21 March 2016 | 872 Views
Zimbabwe's main export goods are minerals and tobacco and there are constant calls to expedite value addition and beneficiation in order to diverse the basket and in the process reduce shocks associat...

by Staff reporter

Zimbabwe expecting $984 million IMF loan in 3rd quarter

17 March 2016 | 1640 Views
Zimbabwe expects a loan from the International Monetary Fund in the third quarter of this year, the first since 1999, the central bank governor said yesterday.Dr John Mangudya said the IMF...

by Staff reporter

Reserve Bank of Zimbabwe pushes for cashless economy

16 March 2016 | 5453 Views
The Reserve Bank of Zimbabwe is confident of increasing plastic money usage to 80 percent from the current 20 percent in the next five years as the fiscal authorities push for a cashless economy....

by staff Reporter

Industry cuts economic growth forecast

14 March 2016 | 964 Views
Zimbabwean business say government must quickly implement robust reforms amid predictions of slower economic growth in the country due to drought and declining international metal prices. ...

by Staff reporter

Zimbabwe undertakes nation rebranding to lure investment

14 March 2016 | 1290 Views
Government is working on a framework that will brand Zimbabwe as a tourist, trade and investment destination as it moves to attract foreign investors. The frame...

by Staff reporter

Zimbabwe govt to cut wage bill to 52%

14 March 2016 | 4942 Views
Government will progressively stagger the reduction of its wage bill to 52 percent from 82 percent of expenditure by 2019, as part of widespread reforms to turnaround the economy. ...

by Staff reporter

IMF slashes Zimbabwe's economic growth target

10 March 2016 | 1310 Views
The International Monetary Fund has slashed Zimbabwe's economic growth forecast to 1.4 percent this year against Finance minister Patrick Chinamasa's 2,7 percent growth target. An IMF offi...

by Staff reporter

IMF will resume lending to Zimbabwe only after the country clears its arrears

09 March 2016 | 1221 Views
The International Monetary Fund will resume lending to Zimbabwe only after the country clears its arrears to the World Bank and the African Development Bank and IMF, a senior official said.Spe...

by Tinashe Makichi

A State monopoly on diamonds will not necessarily benefit Zimbabweans

04 March 2016 | 2249 Views
As far as the PDP is concerned, a State monopoly on diamonds will not necessarily benefit Zimbabweans. In fact the consolidation of this sector into one government controlled entity will result in a l...

by Vince Musewe - PDP Secretary for Finance and Economic Affairs

IMF and World Bank re-engagement must be principled

01 March 2016 | 1113 Views
The People's Democratic Party (PDP) takes notice of the continued reengagement efforts between the government of Zimbabwe and its creditors namely the IMF, World Bank and AfDB which are aimed at clear...

by Willias Madzimure - PDP Secretary for International Relations

PDP Weekly Economic Policy Brief - Zimbabwe's key economic enablers

01 March 2016 | 1129 Views
So far, as the Peoples Democratic Party (PDP) we have articulated our policies based on our economic blue print HOPE (Holistic Program for Economic Transformation) on the pre-requisites for macro-econ...

by Vince Musewe - PDP Secretary for Finance and Economic Affairs

China agrees to train Zim diamond cutters

28 February 2016 | 2778 Views
CHINA has agreed to train locals in diamond cutting and polishing, with the first batch of 25 students leaving for the Asian country next month, as part of Government's quest to value add the mineral ...

by Dumisani Nsingo

IMF eyes first Zimbabwe financing since 1999

26 February 2016 | 2258 Views
The International Monetary Fund has started talks with Zimbabwe's government to review its economic performance, stepping up engagement as Harare seeks a financial aid package after years of isola...

by Staff reporter

'Chiadzwa issue will not affect Zim-China ties,' says Mumbengegwi

25 February 2016 | 2480 Views
The Minister of Foreign Affairs Simbarashe Mumbengegwi says Zimbabwe all weather friendship with China will not be affected by the recent move taken by government to stop all diamond mining activities...

by Staff Reporter

Tsvangirai panics over Zimbabwe People First

23 February 2016 | 5456 Views
The untimely challenge to the local opposition parties landscape by the emergence of the Zimbabwe People First (ZPF) fronted by the former Vice President of the Republic of Zimbabwe, Joyce Mujuru, has...

by Suitable Kajau

PDP Weekly Economic Policy Brief - Zimbabwe's key economic enablers

23 February 2016 | 1126 Views
The People's Democratic Party (PDP) has identified 13 key economic enablers in its economic blueprint HOPE (Holistic Programme for Economic Transformation). These will be critical in creating a new Zi...

by Vince Musewe

IMF team set to arrive today

23 February 2016 | 1231 Views
The International Monetary Fund Mission, which arrives in the country today, will interact with Government and the business community at a round table discussion scheduled for early next month dur...

by Staff reporter

Grain prices go up

23 February 2016 | 1674 Views
TRADERS in Bulawayo have increased the price of maize and small grains by more than 50 percent citing increasing demand. A snap survey by Business Chronicle yesterday revealed that the price o...

by Bianca Mlilo

PDP weekly economic policy brief - Zimbabwe's key economic enablers

16 February 2016 | 2145 Views
ZANU (PF) has failed to unlock the potential of our country. The key reason for this is the lack of an inclusive national socio economic vision, chronic leadership failure, patronage, greed, corruptio...

by Vince Musewe PDP Secretary for Finance and Economic Affairs

Zim generates US$684,4 million from gold exports

14 February 2016 | 1787 Views
ZIMBABWE generated US$684,4 million from gold exports last year, with small-scale miners accounting for more than US$273 million, or 40 percent of total exports, as the country's output of the metal c...

by Africa Moyo

IMF snubs US, backs Zimbabwe

14 February 2016 | 2489 Views
The IMF will not be influenced by American calls to tighten sanctions on Zimbabwe and will proceed with its re-engagement with Zimbabwe as planned, an official has said.About two weeks ago, US...

by Staff reporter

RBZ Monetary Policy Statement - Fulltext

04 February 2016 | 4084 Views
The Reserve Bank of Zimbabwe governor Dr John Mangudya today delivered the much anticipated January 2016 Monetary Policy Statement (MPS) themed, "Economic transformation through Transparency and Accou...

by Dr John Mangudya

'World Bank officials are smoking something,' says Chinamasa

03 February 2016 | 3803 Views
The World Bank says Zimbabwe's economy will not slip into recession but will maintain an economic growth rate of 1.5% in 2016 anchored largely by growth of the services sector, a projection howeve...

by Staff reporter

Zimra misses revenue collections target

03 February 2016 | 2447 Views
The Zimbabwe Revenue Authority (Zimra) revenue collections for the just-ended year dropped to US$3,5 billion against a target of US$3,72 billion.A Zimra 2015 revenue performance report shows t...

by Staff reporter

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