Business / Economy
China writes off Zimbabwe's debt - report
China has reportedly written off Zimbabwe's debt to the Asian giant's institutions, paving the way for more funding to the southern African country wh...Published: 06 Apr 2018 at 12:44hrs | 3657 | by Staff reporter
Africa and the Start-Up economy
Disrupt Africa, an entrepreneurship portal, has just released a new study that shows that the number of Afric...Published: 26 Mar 2018 at 17:38hrs | 1325 | by Agencies
Zimbabwe to clear $1,7 billion debt
Zimbabwe expects to make up for all its debt arrears to major international lenders by September and could return to international capital markets the...Published: 18 Mar 2018 at 08:53hrs | 752 | by Reuters
Cash crisis spurs mobile money growth by 43 percent
Liquidity challenges spurred the growth of mobile money by 43 percent from 2016 to 2017, Postal and Telecommunications Regulatory Authority of Zimbabw...Published: 15 Mar 2018 at 15:49hrs | 305 | by Byo24News Reporter
Money Laundering Bill gazetted
GOVERNMENT has gazetted the Money Laundering and Proceeds of Crime (Amendment) Bill which seeks to strengthen the Financial Intelligence Unit of the R...Published: 10 Mar 2018 at 07:53hrs | 1245 | by Staff Reporter
Zimbabwe reaches out to foreign investors
A HIGH-POWERED Zimbabwean delegation will be off to London next week for a conference, as the investment-starved country moves to lure foreign investo...Published: 07 Mar 2018 at 05:33hrs | 1365 | by Staff reporter
'Restricted products flooding market'
THE Confederation of Zimbabwe Industries (CZI) says restricted products were still finding their way into the country illegally, making the competitio...Published: 06 Mar 2018 at 05:22hrs | 1127 | by Staff reporter
No takers for $15m RBZ tourism facility
The $15 million Tourism Revival Fund facility availed by the Reserve Bank of Zimbabwe to prop up the collapsing industry has been lying idle with the ...Published: 28 Feb 2018 at 05:51hrs | 249 | by Staff reporter
Zimbabwe to mortgage minerals for capital
RESERVE Bank of Zimbabwe governor John Mangudya on Monday told visiting Australian assistant secretary for Africa branch Gita Kamath that the country ...Published: 16 Feb 2018 at 16:27hrs | 958 | by Staff reporter
Annual inflation rate up 3.52%
ZIMBABWE's annual rate of inflation gained 0,6 percentage points in December 2017 to 3,52 percent in January 2018, latest official data shows, partly ...Published: 16 Feb 2018 at 06:08hrs | 177 | by Staff reporter
Jostling for Zimbabwe's economic cake reaches fever heights
Jostling for business venture in the Zimbabwe has reached fever heights as foreign investors descend into the country to have a feel if it is good for...Published: 12 Feb 2018 at 07:33hrs | 3860 | by Stephen Jakes
Mining investment indaba on
ZIMBABWE will this month hold a mining indaba, which will be attended by major mining global players from America, Europe, Asia and Russia as the coun...Published: 11 Feb 2018 at 07:45hrs | 620 | by Staff reporter
Industry sees economy surpassing growth targets
INDUSTRY body, the Confederation of Zimbabwe Industries says the economy is likely to grow beyond the projected 4,5 percent this year on the back of a...Published: 11 Feb 2018 at 07:45hrs | 487 | by staff reporter
Investors smile on Zimbabwe?
Prospects for local industrial growth are brighter this year, with more company resuscitations expected as the country continues to gain ground as a f...Published: 11 Feb 2018 at 07:42hrs | 2451 | by Staff reporter
Mangudya in bid to woo investment
CENTRAL bank chief John Mangudya this week left interest rates unchanged but moved to mop up excess liquidity in the market through the issuance of go...Published: 10 Feb 2018 at 09:52hrs | 524 | by Staff reporter
Global banks shun 'high risk' Zimbabwe
Zimbabwe has over the past few years lost 102 correspondent banking relationships due to high country risk, Reserve Bank of Zimbabwe Governor Dr John ...Published: 02 Feb 2018 at 08:09hrs | 3389 | by Staff reporter
Zimbabwe strikes World Bank deal
Zimbabwe is on the verge of breakthrough to start receiving concessionary finding support from the World Bank for the first time in nearly two decades...Published: 26 Jan 2018 at 06:16hrs | 3736 | by Staff reporter
Industry welcomes fuel duty reduction
CAPTAINS of industry have welcomed the reduction of excise duty on fuel saying this will see the pump price going down as well as reducing the cost of...Published: 24 Jan 2018 at 05:29hrs | 367 | by Staff reporter
Mnangagwa launches investment Policy
PRESIDENT Emmerson Mnangagwa yesterday launched the national investment policy statement that outlines the guidelines for investing in and harnessing ...Published: 20 Jan 2018 at 08:59hrs | 1921 | by Staff Reporter
'Zimbabwe investment environment gloomy'
Zimbabwe's investment outlook remains gloomy with this year's harmonised elections likely to generate uncertainties, the African Development Bank (AfD...Published: 19 Jan 2018 at 05:46hrs | 718 | by Staff reporter
Forex shortages to persist until March
Zimbabwe's debilitating foreign currency crisis will persist until the tobacco selling season begins in March, the Reserve Bank of Zimbabwe he said. ...Published: 17 Jan 2018 at 06:17hrs | 1901 | by Staff reporter
Zimbabwe to offer tax invcentives
Government will soon lower tax brackets for various economic players as an incentive to encourage investment in the country and grow the tax base....Published: 17 Jan 2018 at 06:09hrs | 867 | by Staff reporter
Inflation stands at 3%
ZIMBABWE'S year-on year inflation rate closed 2017 at 3.46 percent gaining 0.49 percentage points on the November rate of 2.97 percent, official figur...Published: 17 Jan 2018 at 06:00hrs | 1091 | by Staff reporter
Optimism as industry resumes operations
MOST companies are returning from annual shutdown this week amid high prospects that the new political dispensation will reinvigorate investor confide...Published: 15 Jan 2018 at 05:26hrs | 787 | by Staff reporter
Zimbabwe to phase out 'untenable' bond notes?
There is consensus in Government that bond notes have largely served their purpose and are "not tenable" within the context of Zimbabwe's new economic...Published: 14 Jan 2018 at 07:49hrs | 20788 | by Staff Reporter
Zimbabwe doubles diamond output
Zimbabwe has doubled diamond production to 1,8 million carats in the just ended year from 961 000 carats in 2016. The rise in diam...Published: 07 Jan 2018 at 09:57hrs | 4015 | by Staff reporter
Economic revival tops Zanu-PF's to-do list, says Khaya Moyo
ZANU-PF will focus on improving the quality of people's lives this year by focusing on the economy.The party's national spokesperson Ambassado...Published: 03 Jan 2018 at 09:54hrs | 1173 | by Staff Reporter
Reserve Bank of Zimbabwe gets $600m Afreximbank loan
The Reserve Bank of Zimbabwe's (RBZ) exchange control division has approved and registered the bank's $600 million loan facility from the African Expo...Published: 29 Dec 2017 at 06:56hrs | 7794 | by Staff Reporter
Government seeks solution to stop price hikes
Government is engaging the manufacturing and retail sectors with a view to establishing their operational challenges, which have recently resulted in ...Published: 26 Dec 2017 at 18:39hrs | 3044 | by Staff Reporter
Government avails US$164.5m to strategic entities
The government has since January this year availed resources amounting to US$164.5 million to strategic institutions. &nb...Published: 24 Dec 2017 at 14:31hrs | 3503 | by Staff Reporter
Get own currency, US tells Zimbabwe
THE United States government says it is ready to work with President Emmerson Mnangagwa's administration, but has encouraged Zimbabwe to stop relying ...Published: 22 Dec 2017 at 11:41hrs | 9998 | by Staff reporter
President Mnangagwa sets trajectory for economic turnaround
PRESIDENT Emmerson Mnangagwa yesterday said his government would introduce a range of measures to boost the country's dwindling exports, fight corrupt...Published: 22 Dec 2017 at 11:35hrs | 1739 | by Staff Reporter
Mnangagwa reaches out to the Diaspora
Zimbabwe is now open for investment in all sectors and the new administration led by President Emmerson Mnangagwa is doing everything possible to crea...Published: 22 Dec 2017 at 07:00hrs | 1552 | by Staff Reporter
Zanu-PF hopes for economic turnaround
Less than a month after a military intervention forced longtime leader Robert Mugabe to step down, the new leaders of ruling ZANU-PF party have big pl...Published: 20 Dec 2017 at 06:41hrs | 2690 | by Staff Reporter
Zimbabwe's clothing sector has 186% increment potential
ZIMBABWE'S clothing sector can increase employment by 186% to 20 000 if all sectors in the country could procure locally, Zimbabwe Clothing Manufactur...Published: 19 Dec 2017 at 13:52hrs | 1022 | by Staff Reporter
Zimra computer system goes down at Beitbridge, Kazungula
HUNDREDS of commercial car importers are stranded at Beitbridge and Kazungula border posts where cargo has been stuck for more than a week due to a sy...Published: 18 Dec 2017 at 23:17hrs | 2574 | by Staff Reporter
Government gazettes Finance Bill
Government has gazetted the Finance Bill that seeks to give legal effect to the various fiscal measures introduced by Finance and Economic Development...Published: 18 Dec 2017 at 23:14hrs | 2294 | by Staff Reporter
Pricing system pushes up cost of living in Zimbabwe
THE cost of living for a family of six increased by 0.72 percent in November to $598.16 due to fluctuations in fuel prices and the effect of multi-tie...Published: 18 Dec 2017 at 11:16hrs | 2092 | by Staff Reporter
Price hikes dampen festive mood
CONSUMERS have expressed dismay over the continuous increase in the prices of basic commodities, which they say could dampen the festive mood....Published: 15 Dec 2017 at 05:39hrs | 1130 | by Staff reporter
Chinamasa should have presented 'realistic' budget of $3.5 billion: Biti
MDC ALLIANCE: ALTERNATIVE NATIONAL AGENDA TOWARDS THE TRANSFORMATIVE DEMOCRATIC DEVELOPMENTAL STATE, DELIVERED BY TEN...Published: 08 Dec 2017 at 18:36hrs | 6145 | by Staff Reporter
Biti blasts reintroduction of ZimDollar idea
Former Finance Minister Tendai Biti has said the opposition MDC alliance will offer it's alternative policy vision and critique of 2018 budget today....Published: 08 Dec 2017 at 07:14hrs | 6290 | by Simbarashe Sithole
#Zimbabwe budget cost cutting measures highlights
1. Abolish 3700 posts for youth officers 2. Retire civil servants over the age of 65 years 3. Maintain hiring freeze on non critical s...Published: 07 Dec 2017 at 15:09hrs | 2615 | by Stephen Jakes
Chinamasa's 2018 Budget full text
Finance Minister Patrick Chinamasa says the country's 2018 budget will send a clear message to the world that Zimbabwe is open for business....Published: 07 Dec 2017 at 13:17hrs | 8707 | by Staff reporter
Zimbabwe economy to grow by 4 percent, says RBZ
THE economy is projected to grow by 4 percent next year driven by a positive sentiment spurred by the new political dispension and anticipated good ag...Published: 07 Dec 2017 at 05:38hrs | 960 | by Staff reporter
IMF lays down the law for post-Mugabe Zimbabwe
Even before Emmerson Mnangagwa was inaugurated as president last Friday, the International Monetary Fund (IMF) issued a list of demands that post-Muga...Published: 27 Nov 2017 at 18:29hrs | 12258 | by Stephen Jakes
'Govt debt crowding out private lending'
The Zimbabwean banking sector is seen stagnating owing to a credit crunch with client loan growth projected to contract by 4% by year-end given the ra...Published: 25 Nov 2017 at 14:54hrs | 786 | by Staff reporter
Zimbabwe needs immediate economic reforms, warns IMF
Zimbabwe must act quickly to dig its economy out of a hole and access international financial aid, the International Monetary Fund has warned....Published: 23 Nov 2017 at 09:45hrs | 1977 | by Staff reporter
Mugabexit wipes $6 billion off ZSE
THE Zimbabwe Stock Exchange (ZSE) has lost nearly $6 billion since a military operation that forced former President Robert Mugabe to resign on Tuesda...Published: 23 Nov 2017 at 07:02hrs | 5869 | by Staff reporter
Govt clarifies import relaxation
GOVERNMENT has clarified the easing of import controls on basic commodities saying the move does not render Statutory Instrument 64 of 2016 ineffectiv...Published: 13 Nov 2017 at 23:17hrs | 2376 | by Staff Reporter
'Zimdollar' takes over as US$ disappears
Real time gross settlement (RTGS) balances, bond notes and treasury bills (TBs) are part of the "local dollars" as they are used solely for local tran...Published: 12 Nov 2017 at 07:54hrs | 2845 | by Staff reporter
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