Search / Gdp
Privatization plans off rails
In November 2018, the Zimbabwean government set out a privatization plan to dispose completely and partially privatize over 23 state entities and parastatals (SEPs). According to the Auditor General R...Published: 07 May 2021 at 15:41hrs | 990 | by Victor Bhoroma
Zimbabwe's lands commission handling over 1 000 disputes
THE Zimbabwe Lands Commission (ZLC) says it is handling over 1 000 disputes involving farm allocations and boundary rows.The ZLC has also admitted the fast-track land reform programme created ...Published: 04 May 2021 at 07:38hrs | 554 | by Staff reporter
'Zimbabwe has capacity to fund its growth agenda'
Zimbabwe has the capacity to fund its growth agenda, but there is need for financial institutions and cash-rich entities such as pension funds to effectively deploy current savings, according to an ex...Published: 02 May 2021 at 08:10hrs | 140 | by Staff Reporter
How blockchain is transforming Zimbabwe's economy
Zimbabwe is perhaps the first example that comes to anyone's mind when they think of failed states or economies. The country has been regularly making global headlines for the wrong reasons, with its ...Published: 28 Apr 2021 at 18:33hrs | 1438 | by Staff writer
Security - Why it Matters for Due Diligence - use a data room
After the stock market crashed in 1929, a new law was formed. The Securities Act of 1933 sought to help investors make more inf...Published: 28 Apr 2021 at 05:53hrs | 153 | by Staff writer
Separated by a river, but worlds apart
Depending on one's propensity to follow the news, the world, at varying days of December of 2019 was introduced to the novel corona virus, a highly contagious and deadly virus preliminary reports at t...Published: 27 Apr 2021 at 14:40hrs | 2264 | by Sibusisiwe Tshuma
Covid-19 vaccine to jump-start tourism sector
On January 30, 2020, the Director General of the World Health Organization (WHO) declared the outbreak of the coronavirus disease 2019 (COVID-19) as a Public Health Emergency of International Concern....Published: 23 Apr 2021 at 20:10hrs | 254 | by Tirivanhu Kateera
BCC plans smart city houses
THE Bulawayo City Council (BCC) is pursuing smart city housing opportunities that include development of low-cost accommodation for low-income earners and renewal of old suburbs.The local auth...Published: 23 Apr 2021 at 07:29hrs | 511 | by Staff reporter
Buyanga placed on Interpol Red Notice
Millionaire businessman Frank Buyanga has been placed on Interpol's Red Notice at the request of Zimbabwean police, freshly-leaked documents show.The 41-year-old gold coins trader - who has sq...Published: 22 Apr 2021 at 21:19hrs | 2439 | by Staff reporter
South African Rand trades near 2021 highs after US inflation data
The South African Rand continues to be one of the most-watched emerging markets currencies by retail FX CFD traders, as the new COVID-19 cases seem to have plateaued at low levels and economic prospec...Published: 22 Apr 2021 at 06:10hrs | 801 | by Staff writer
Mnangagwa reshuffles his cards
President Emerson Mnangagwa has reassigned Minister Davis Marapira to Minister of State in the Office of the President and Cabinet in charge of Monitoring the Implementation of Special Agricultural an...Published: 21 Apr 2021 at 08:14hrs | 8410 | by Simbarashe Sithole/Shelton Muchena
Mnangagwa reassigns top officials
President Mnangagwa has reassigned Minister Davis Marapira to Minister of State in the Office of the President and Cabinet in charge of Monitoring the Implementation of Special Agricultural and relate...Published: 21 Apr 2021 at 06:57hrs | 756 | by Staff reporter
Excessive taxation driving fuel prices up
On the 5th of April, the Zimbabwe Energy Regulatory Authority (ZERA) announced new pump price ceilings for fuel on the local market. The maximum pump price for Diesel is now ZW$111.77 per litre, up fr...Published: 19 Apr 2021 at 09:09hrs | 1327 | by Victor Bhoroma
Unresolved economic issues for 2021
The Zimbabwean economy has experienced a period of relative stability since October 2020, even though multiple reforms have to be implemented to attain sustained economic growth. To a larger extent th...Published: 19 Apr 2021 at 09:05hrs | 643 | by Victor Bhoroma
BCC plans smart city housing programme
BULAWAYO City Council says it is pursuing an ambitious plan to develop low-cost houses for low-income earners through a smart city housing programme.The city's economic development officer Kho...Published: 19 Apr 2021 at 06:22hrs | 957 | by Staff reporter
Zimbabwe's GDP goes up to US$24 billion
THE country's Gross Domestic Product (GDP) has risen to US$24 billion owing to sound financial policies introduced by Government to replenish its coffers, Finance and Economic Development Minister Pro...Published: 18 Apr 2021 at 09:00hrs | 624 | by Staff reporter
Zimbabwe poverty reaches alarming levels
ABOUT 1.5 million people living in Zimbabwe's urban centres plunged into alarming penury after their livelihoods were disrupted by the outbreak of Covid-19 and restrictions which were enforced to cont...Published: 17 Apr 2021 at 16:18hrs | 490 | by Staff reporter
Business frets over third Covid-19 wave
BUSINESS is fretting over the possibility of a Covid-19 third wave, with captains of industry warning this week another stringent lockdown would push the economy over the brink.There have been...Published: 16 Apr 2021 at 07:53hrs | 399 | by Staff reporter
Zimbabwe TV goes digital
ZIMBABWE will soon have free-to-air digital television services through 12 stations following the successful and historic switch-over yesterday, from the analogue signal to Digital Terrestrial Televis...Published: 16 Apr 2021 at 07:32hrs | 600 | by Staff reporter
Bulawayo council seek powers to borrow $4 billion
BULAWAYO City Council is seeking authority from the Local Government ministry to borrow $4 billion arguing it has no capacity to fund its 2021 $10 billion capital budget to oil its operations....Published: 11 Apr 2021 at 06:49hrs | 301 | by Staff reporter
'Zimbabwe hurtling towards stagflation'
LAST week the CEO Africa Roundtable (CEOART) gathered some of Zimbabwe's best economists and industrialists to digest economic developments during the first quarter of 2021. What came out of the summi...Published: 04 Apr 2021 at 09:44hrs | 541 | by Staff reporter
'Informal sector is 70% GPD but remitting paltry 1% in taxes' - get nothing from taxing imaginary wealth, common sense
"Shocking evidence of tax leakages hogged the limelight this week, with Finance and Economic Development minister Mthuli Ncube saying the informal sector, which makes up 70% of Zimbabwe's gross domest...Published: 01 Apr 2021 at 21:38hrs | 732 | by Patrick Guramatunhu
Paltry taxes cripple recovery
SHOCKING evidence of tax leakages hogged the limelight this week, with Finance and Economic Development minister Mthuli Ncube saying the informal sector, which makes up 70% of Zimbabwe's gross domesti...Published: 01 Apr 2021 at 07:24hrs | 754 | by Eddie Cross
Paltry taxes cripple recovery
SHOCKING evidence of tax leakages hogged the limelight this week, with Finance and Economic Development minister Mthuli Ncube saying the informal sector, which makes up 70% of Zimbabwe's gross domesti...Published: 01 Apr 2021 at 07:24hrs | 528 | by Eddie Cross
AfDB pegs Zimbabwe growth at 4,2%
ZIMBABWE'S economy contracted by 10% last year and is envisaged to grow by 4,2% in 2021 if effective measures are taken to stabilise foreign exchange and avoid excessive money creation, the African De...Published: 29 Mar 2021 at 06:26hrs | 355 | by Staff reporter
Bumper harvest to save US$200m
The forecast record maize harvest of 2,8 million tonnes and significant output of other crops such as soyabean, cotton and traditional grains could save the country more than US$200 million, which cou...Published: 28 Mar 2021 at 06:42hrs | 111 | by Staff reporter
Oil deal strategic, says Mnangagwa
The Zanu-PF-led Government has made considerable progress in delivering on developmental projects and other election promises outlined in its manifesto despite disruptions caused by the coronavirus pa...Published: 28 Mar 2021 at 06:41hrs | 580 | by Staff reporter
'New COVID-19 variants a threat to poor African countries'
NEW COVID-19 variants likely to hit Africa might prove difficult to combat due to inadequate health budgets as countries on the continent are failing to recover fromthe economic effects of the pan...Published: 25 Mar 2021 at 05:57hrs | 512 | by Staff reporter
Mthuli Ncube starts mapping of country's district GDP
FINANCE and Economic Development Minister Professor Mthuli Ncube says he is in the process of mapping the country's Gross Domestic Product (GDP) per district and the exercise is expected to be complet...Published: 24 Mar 2021 at 06:08hrs | 834 | by Staff reporter
Why Chinese model has not benefited Africa
Diverse views have been expressed about the Chinese socio-political and economic model.These range from the Chinese themselves, who, of course, uncritically praise their system as a faultless ...Published: 21 Mar 2021 at 08:44hrs | 463 | by Arthur G O Mutambara
'Weak policies fuel food insecurity'
WEAK policy implementation, climatic shocks and natural hazards have made it impossible for Zimbabwe to ensure food security, local civil society groups have noted.In a recent joint report tit...Published: 20 Mar 2021 at 07:18hrs | 83 | by Stephen Mpofu
Boosting women's economic empowerment with AfCFTA'
THE International Trade Centre (ITC) has urged women entrepreneurs in Southern Africa to expand their business opportunities through the African Continental Free Trade Area (AfCFTA).The free t...Published: 17 Mar 2021 at 14:46hrs | 103 | by Mayibongwe Moyo
Stanbic sets up remote branches for tobacco season
Harare - 09 March 2021 Leading financial services institution, Stanbic Bank, has set up nine remote branches at tobacco auction floors throughout the country to enable ease of access to funds for toba...Published: 09 Mar 2021 at 14:39hrs | 565 | by Agencies
South Africa economy shrank by 7% in 2020
The SA economy contracted by 7% during 2020, as expected given the unprecedented impact of the Covid-19 pandemic on economies worldwide.Statistics South Africa (Stats SA) on Tuesday released t...Published: 09 Mar 2021 at 09:58hrs | 364 | by Staff reporter
Zimbabwe reports massive growth in production in 2020, despite Covid-19
The world over, with the exception of a few countries, the Covid-19 pandemic resulted in negative economic growth in 2020.In its 2021 Global Economic Prospects report released early January, t...Published: 06 Mar 2021 at 14:14hrs | 1079 | by Staff reporter
Challenged world is alert and from challenge comes change
As we celebrate the 2021 International Women's Day (IWD) under the theme #ChooseToChallenge, and focus on inclusion and diversity, we reflect on the representation of women in the banking industry....Published: 05 Mar 2021 at 06:38hrs | 78 | by Sibongile Moyo
Bulawayo to get 100 MW solar plant
POWER generation in the country and more significantly in Bulawayo is set to increase after it has emerged that British investors have partnered a local company to set up solar fields that will genera...Published: 28 Feb 2021 at 07:46hrs | 634 | by Staff Reporter
Road infrastructure decay needs policy change
The pace of Zimbabwe's road infrastructure decay has reached alarming levels which call for a policy change by the government. The country's major highways and urban roads have become a living hazard ...Published: 16 Feb 2021 at 14:34hrs | 753 | by Victor Bhoroma
Mnangagwa says vaccine roll-out plan complete
GOVERNMENT has completed the Covid-19 roll-out and vaccination framework while resources for the procurement of the drugs have been set aside, President Mnangagwa has said. In his opening rema...Published: 13 Feb 2021 at 07:28hrs | 157 | by Staff reporter
Zanu-PF to flush out land barons
PRESIDENT Mnangagwa's Vision to ensure Zimbabwe becomes an upper-middle class economy by 2030 will be achieved and the governing party Zanu-PF should remove impediments, including land barons, that st...Published: 09 Feb 2021 at 06:36hrs | 379 | by Staff reporter
Land barons, councils forced to compensate homeseekers
LAND barons and councils that duped desperate home-seekers to settle and develop on illegal land will not only have their day in court but will also be forced by the Government to compensate their vic...Published: 06 Feb 2021 at 06:58hrs | 307 | by Staff reporter
Mthuli Ncube sticks to 7,4% growth
GOVERNMENT remains bullish about a positive economic performance in 2021 where it has projected a 7,4% gross domestic product (GDP) growth despite the negative effects of the Covid-19 pandemic, accord...Published: 05 Feb 2021 at 06:49hrs | 588 | by Staff reporter
Africa's free trade area opens for business
Trading under the continental free trade agreement started on 1st Jan. African countries opened their markets on 1st January under the continental free...Published: 03 Feb 2021 at 08:37hrs | 948 | by Franck Kuwonu
Zimra targets $387,4bn in 2021
THE Zimbabwe Revenue Authority (ZIMRA) will continue meeting collection targets this year ensuring Government can finance expenditure, after it surpassed the 2020 target by over six percent. I...Published: 01 Feb 2021 at 05:32hrs | 170 | by Staff reporter
AfCFTA will launch Africa forward post Covid-19
THE African Continental Free Trade Area (AfCFTA) was established in 2018 with the aim to create a single market for goods and services, facilitated by movement of persons to deepen the economic integr...Published: 31 Jan 2021 at 10:03hrs | 68 | by Admire Maparadza Dube
Masvingo greenbelt project gathers pace
MASVINGO Province is poised to become the breadbasket of the country as the masterplan to set in motion a greenbelt of more than 100 000 hectares of irrigable land gathers pace following abundant wate...Published: 31 Jan 2021 at 06:55hrs | 392 | by Staff reporter
Conversations must go beyond the forex auction and focus on production
Driving through Zimbabwe's once vibrant industrial hubs in Belmont (Bulawayo), Paulington (Mutare), Southerton, Graniteside, Working, Msasa (all in Harare), and elsewhere, one gets the sense that the ...Published: 28 Jan 2021 at 22:06hrs | 612 | by Andrew Lampard
Conversations must go beyond the forex auction and focus on production
Driving through Zimbabwe's once vibrant industrial hubs in Belmont (Bulawayo), Paulington (Mutare), Southerton, Graniteside, Working, Msasa (all in Harare), and elsewhere, one gets the sense that the ...Published: 28 Jan 2021 at 16:57hrs | 424 | by Andrew Lampard
Mnangagwa pleads with business
President Emmerson Mnangagwa this week extended the begging bowl to the private sector to fund the importation of coronavirus vaccines amid a rise in new infections of the virus with deaths breaching ...Published: 28 Jan 2021 at 06:54hrs | 5560 | by Staff reporter
Mthuli Ncube hails outgoing Zimra boss
Zimbabwe Revenue Authority (Zimra) Commissioner-General Ms Faith Mazani's three-year tenure at the helm of the organisation has left a positive impact on the tax collector and the country as a whole, ...Published: 25 Jan 2021 at 06:22hrs | 835 | by Staff reporter
Load More Stories
