Business / Economy
Zimbabwe underestimating its GDP
Zimbabwe's gross domestic product (GDP) reached $17, 85 billion last year, which is an all-time high, according to industry and commerce experts Tradi...Published: 29 Jul 2018 at 10:10hrs | 205 | by Staff reporter
Zimbabwe trade deficit reaches $1,3 billion
ZIMBABWE's trade deficit widened by 30 percent to $1,3 billion in the first six months of the year compared to the same period in 2017, official figur...Published: 16 Jul 2018 at 06:54hrs | 195 | by Staff reporter
'RBZ fumes over return of Zim dollar'
The Reserve Bank of Zimbabwe has expressed disgust over social media reports that it was reintroducing local currency, describing it as false....Published: 04 Jul 2018 at 12:45hrs | 7241 | by Stephen Jakes
US dollar black market rate soars
A crazed pre-election demand for the United States dollar has pushed the black market premium to an all-time high as shortages of foreign exchange fue...Published: 28 Jun 2018 at 16:11hrs | 5625 | by Staff reporter
'Banks to lead economic recovery'
Government is working with the Reserve Bank of Zimbabwe (RBZ) and other relevant bodies to ensure the country's banking sector is in a position to pla...Published: 26 Jun 2018 at 07:04hrs | 325 | by Staff reporter
Year-on-year inflation remains constant at 2.71%
ZIMBABWE's year-on-year inflation remained constant at 2,71 percent in May, official data from the Zimbabwe National Statistics Agency (Zimstat) shows...Published: 19 Jun 2018 at 07:04hrs | 147 | by Staff reporter
Zimbabwe forex receipts up to $2.8bn
Zimbabwe's economy has made a remarkable upswing since the beginning of year, with foreign currency receipts rising to $2,8 billion in the first five ...Published: 10 Jun 2018 at 09:15hrs | 832 | by Staff reporter
Econet Wireless reports $831m topline revenue
ECONET Wireless Zimbabwe has reported impressive $831,6 million top line revenue for the full year ended 28 February 2018, a 34 percent increase from ...Published: 04 Jun 2018 at 06:39hrs | 373 | by Staff Reporter
Government urged to set up financial intelligence unit
THE Government should establish an independent financial intelligence unit, outside the Reserve Bank of Zimbabwe, to guarantee its effectiveness under...Published: 03 Jun 2018 at 09:01hrs | 510 | by Staff Reporter
British govt investment team explores Zimbabwe opportunities
The British government through their Foreign and Commonwealth Office are coming to town on an investment trip, the ...Published: 31 May 2018 at 13:23hrs | 2379 | by Staff reporter
AfDB throws weight behind Zimbabwe
The African Development Bank (AfDB) will work with its partners to see Zimbabwe roar back in a major boost for the economy, which is desperate for for...Published: 27 May 2018 at 09:02hrs | 441 | by Staff Reporter
Zimbabwe courts New York fund managers
The Zimbabwe is open for business mantra has opened economic avenues for the country and to buttress this, the Office of the President and Cabinet (OP...Published: 26 May 2018 at 15:10hrs | 817 | by Staff reporter
Zimbabwe working on new diamond policy
Government has started working on a new diamond policy which will lead to the unbundling of the Zimbabwe Consolidated Diamond Mining Company (ZCDC) to...Published: 21 May 2018 at 07:05hrs | 728 | by Staff reporter
April inflation up by 0.03%
The inflation rate increased slightly by 0,03 percentage points to 2,71% in April, the Zimbabwe National Statistic Agency (Zimstat) has said, although...Published: 16 May 2018 at 06:54hrs | 121 | by Staff reporter
Zimbabwe exports up 46%
ZIMBABWE's exports increased by 46 percent to $329,6 million in the first four months of the year compared to $225,6 million during the comparable per...Published: 15 May 2018 at 07:00hrs | 1073 | by Staff reporter
Zimbabwe to grow at 27% yearly to reach Biti's $100 billion target
MDC Alliance principal and former Finance Minister, Tendai Biti, has repeatedly claimed that, if elected into government, the opposition coalition wou...Published: 08 May 2018 at 18:14hrs | 1330 | by Staff reporter
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 | 3734 | 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 | 3019 | 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 | 819 | 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 | 366 | 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 | 1297 | 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 | 1399 | 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 | 1165 | 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 | 298 | 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 | 972 | 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 | 219 | 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 | 3895 | 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 | 692 | 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 | 502 | 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 | 2510 | 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 | 526 | 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 | 3417 | 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 | 3778 | 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 | 375 | 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 | 1983 | 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 | 723 | 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 | 1927 | 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 | 878 | 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 | 1105 | 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 | 813 | 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 | 21144 | 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 | 4049 | 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 | 1180 | 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 | 7833 | 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 | 3058 | 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 | 3533 | 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 | 10229 | 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 | 1765 | 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 | 1598 | 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 | 2704 | by Staff Reporter
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