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Are Zimbabwe economic growth rates real?

Every year, the Zimbabwean government and multilateral financial institutions project that the economy will grow by huge margins, yet the current economic situation does not meaningfully change, and if it does at all, it is marginal and ne…

Published: 21 Aug 2025 at 13:08hrs | 292 | by Delani Mangena

AfDB projects 6% economic growth for Zimbabwe

The African Development Bank (AfDB) has projected that Zimbabwe is on track to achieve a six percent economic growth rate this year, supported by stability and recovery across key productive sectors.AfDB Principal Country Economist Kelvin …

Published: 19 Aug 2025 at 18:51hrs | 155 | by Staff reporter

Africa's broken IP system threatens innovation, growth

Africa is losing billions of dollars each year due to weak and fragmented intellectual property (IP) protection systems, undermining innovation, entrepreneurship, and economic development across the continent.Despite growing recognition of…

Published: 12 Aug 2025 at 19:33hrs | 91 | by Staff reporter

NetOne posts record growth

State-owned mobile network operator NetOne has delivered a historic performance, posting record revenue and profit growth while aggressively expanding its high-speed 4G and 5G networks in a bold push to outpace private-sector rivals.At its…

Published: 09 Aug 2025 at 16:52hrs | 198 | by Staff reporter

Magunje cement must follow established processes

Presidential Affairs and Devolution secretary Tafadzwa Muguti has raised alarm over suspected corruption in the licensing of a Chinese-owned cement and power plant project in Magunje, Mashonaland West - a development touted as a US$1 billi…

Published: 05 Aug 2025 at 08:55hrs | 160 | by Staff reporter

Zimbabwe retailers bank on 6% economic growth

The Confederation of Zimbabwe Retailers (CZR) says it expects consumer spending to rise this year, buoyed by the government's projected 6% economic growth, despite continued pressure on household incomes.In its review of the 2025 Mid-Year …

Published: 05 Aug 2025 at 08:53hrs | 64 | by Staff reporter

Zimbabwe's mining industry set for over 7% growth

Zimbabwe's mining sector is on track for significant growth in 2025, with projections indicating an expansion of over seven percent, fueled primarily by strong performances in gold and coal production.The Chamber of Mines Zimbabwe (CoMZ) r…

Published: 05 Jun 2025 at 10:04hrs | 58 | by Staff reporter

Chitungwiza eyes growth with town expansion project

Chitungwiza is gearing up for a major transformation aimed at shedding its longstanding image as merely a dormitory town for Harare and emerging as a self-sustaining, resilient urban centre by the year 2045.This ambitious vision was unveil…

Published: 26 May 2025 at 08:34hrs | 339 | by Staff reporter

Zimbabwe's tourism sector records growth

Zimbabwe's tourism sector continues to be a key driver of economic growth, with the country recording approximately 1.5 million arrivals in the first quarter of the year. Of these, 70 percent were returning residents from the diaspora, und…

Published: 03 Apr 2025 at 08:10hrs | 119 | by Staff reported

Zimbabwe records growth across sectors

Zimbabwe is making notable strides in various economic sectors despite the challenges posed by climate change-induced droughts and Western-imposed sanctions, President Emmerson Mnangagwa said during his State of the Nation Address (SONA) a…

Published: 03 Oct 2024 at 08:45hrs | 78 | by Staff reporter

Mthuli Ncube makes bold measures to anchor ZiG stability

The Government has introduced measures to enhance the stability of the Zimbabwe Gold (ZiG) currency, promote its use, and provide tax relief to boost consumer spending and production. In the Mid-Term 2024 Fiscal Policy, Finance Minister Pr…

Published: 26 Jul 2024 at 06:32hrs | 367 | by Staff reporter

Lower growth forecast for Zimbabwe as drought ravages crops

Zimbabwe has adjusted its economic growth forecast downward for 2024 due to severe drought conditions caused by the El NiÃ±o weather phenomenon, impacting crop yields across the country. Finance Minister Mthuli Ncube stated that economic g…

Published: 11 Jul 2024 at 08:04hrs | 13 | by Staff reporter

Zimbabwe registers 6,5% GDP growth

ZIMBABWE'S economy grew by 6,5 percent last year, as the country's Gross Domestic Product (GDP) continues to increase year by year, despite the adverse impacts of the Covid-19 pandemic, the Zimbabwe National Statistics Agency (ZimStat) has…

Published: 04 Jul 2023 at 07:05hrs | 1 | by Staff reporter

Fuel smuggling hampers growth

FUEL smuggling into Zimbabwe is hampering the Government's revenue collection, and has become a threat to economic growth, despite tax and law enforcement authorities' efforts to curb the scourge.While it is easy and legal to import fuel i…

Published: 20 Jun 2023 at 06:46hrs | 6 | by Staff reporter

Zimbabwe's dollar-only bourse poised for further growth

The value of stocks on Zimbabwe's dollar-only bourse has jumped by 85% since the start of the year to more than $1 billion, its CEO told Reuters on Tuesday, adding he anticipated continued growth.The Victoria Falls Stock Exchange (VFEX) wa…

Published: 10 May 2023 at 19:23hrs | 1 | by Staff reporter

Zimbabwe govt to revise 2023 GDP growth upwards

FINANCE minister Mthuli Ncube yesterday said Zimbabwe's gross domestic product (GDP) growth prediction of 3,8% was understated because of improved agricultural performance.The government expects to harvest 2,3 million tonnes of maize this …

Published: 27 Apr 2023 at 06:30hrs | 1 | by Staff reporter

Horror fight leads to double murder at Growth Point

POLICE in Midlands province are investigating a case of double homicide after two bodies with stab wounds were found at the business centre on Saturday.In a statement on Tuesday, the Zimbabwe Republic Police (ZRP) said the victims were las…

Published: 04 Dec 2022 at 08:04hrs | | by Staff reporter

'VFEX growth exceeds expectation'

FINANCE and Economic Development Minister, Professor Mthuli Ncube, has lauded the rapid growth of the Victoria Falls Stock Exchange (VFEX), which witnessed the listing of the fifth counter, Nedbank Group Limited Zimbabwe, on Friday.The com…

Published: 28 Nov 2022 at 04:55hrs | 2 | by Staff reporter

'Zimbabwe economy enters growth phase'

President Mnangagwa said Zimbabwe's economy has transitioned from recovery to a growth phase, adding economic activity is projected to expand by a weighty 4,6 percent in 2022 despite the negative impact of Covid-19 and war in eastern Europ…

Published: 11 Aug 2022 at 06:38hrs | 1 | by Staff reporter

EcoCash records modest growth in first quarter

ECOCASH Holdings Zimbabwe Limited recorded modest growth in the first quarter to May 31, 2022 supported mainly by the fintech business which remains the group's highest revenue contributor.In a trading update, for the quarter under review,…

Published: 02 Aug 2022 at 06:43hrs | 1 | by Staff reporter

Concern over Zimbabwe elephant population growth

THE continued growth of elephant populations in Zimbabwe is causing severe ecological problems and serious conflict in communities adjacent to national parks, a Cabinet Minister has said.The Minister of Environment, Climate, Tourism and Ho…

Published: 25 May 2022 at 06:31hrs | 2 | by Staff reporter

Mining to drive Zimbabwe growth

Zimbabwe's mining industry has "immense" potential to drive socio-economic development and growth of the economy, underpinned by strategies designed to transform the sector to a US$12 billion industry by 2023.President Mnangagwa said this …

Published: 20 Apr 2022 at 08:04hrs | | by Staff reporter

'Divisions stifling Bosso's growth'

BULAWAYO Provincial Affairs and Devolution Minister Judith Ncube yesterday challenged Highlanders to unite and work for the good of the club to save the institution from collapsing.Speaking at the late Highlanders president Ndumiso Gumede'…

Published: 04 Jan 2022 at 05:57hrs | 17 | by Staff reporter

World Bank projects growth for Zimbabwe

The World Bank has commended the Government's economic revival framework and noted that Zimbabwe is poised to register economic growth this year despite a raft of challenges posed by the Covid-19 pandemic.Gross Domestic Product (GDP) growt…

Published: 11 Jun 2021 at 06:28hrs | 19 | by Staff reporter

Kariba primes for real estate growth

THE prime resort town of Kariba is inching towards exponential growth as evidenced by the huge demand for commercial and industrial stands in what is expected to spawn a property boom in the predominantly wildlife settlement.Speaking durin…

Published: 07 May 2021 at 11:09hrs | 1 | by Staff reporter

Mnangagwa thinks Zimbabwe economy is showing rapid growth

Zimbabwe is on a path to rapid socio-economic growth driven mainly by measures put in place to boost production, which has risen remarkably across various sectors of the economy in the last few months, President Mnangagwa has said. He made…

Published: 03 May 2021 at 06:11hrs | 1 | by Staff reporter

Zimbabwe maintains 7.4% growth target

Zimbabwe's Treasury is sticking to its economic growth estimate of 7.4%, even after the nation's president said the projection would have to be lowered.The forecast is achievable after the country had good rains that will boost farm output…

Published: 20 Apr 2021 at 18:00hrs | 1 | by Staff reporter

Rural push spurs NetOne growth

STATE-RUN mobile telecoms firm, NetOne says last year's strategic expansion into outback markets lifted subscribers for its mobile money platform, OneMoney by 500 000, giving it fresh impetus.Boardroom squabbles around the controversial ex…

Published: 04 Apr 2021 at 22:40hrs | 1 | by Staff reporter

Private sector-led growth

Two years ago, the new Minister of Finance in Zimbabwe, Mthuli Ncube brought together a small group of local business persons in an informal advisory group.I was privileged to be included. our meetings were irregular, largely driven by the…

Published: 01 Apr 2021 at 07:23hrs | 1 | 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 Development Bank (AfDB) said in a stateme…

Published: 29 Mar 2021 at 06:26hrs | 9 | by Staff reporter

A tough choice between democracy and growth

IT is now one year after the first post-Mugabe elections were held which, despite their credence being contested by the MDC alliance, gave an aura of legitimacy to President Mnangagwa's government. However, the last 12 months have been pai…

Published: 05 Aug 2019 at 07:41hrs | | by Tapiwa Gomo

Infrastructure, Education and Technology key for growth

In his book entitled, The Price of Inequality, revered economist, Joseph Stiglitz, contends that Government investments in infrastructure, education and technology form the basis of economic growth.In his own words Stiglitz, wrote: "Govern…

Published: 13 Dec 2018 at 13:42hrs | 2 | by ViewsFromMatopos

Old Mutual repositions its brand and readies for growth

Following its primary listing on the Johannesburg Stock Exchange (JSE), and secondary relisting on the Zimbabwe Stock Exchange in June 2018, Old Mutual has unveiled a vibrant new brand identity, to reflect its fresh customer-led approach a…

Published: 21 Aug 2018 at 15:52hrs | | by Agencies

Factors impeding growth of industry in Bulawayo

IN my first submission I sought to unpack Bulawayo deindustrialisation and highlighted the political impact on the state of the manufacturing sector.Today I continue my submission with focus of economic, sociological and technological fact…

Published: 08 Aug 2018 at 06:31hrs | | by Obert Sibanda

Zimra accused of stifling export growth

Delays at border posts have seen Bulawayo companies accusing the Zimbabwe Revenue Authority (Zimra) of being an impediment to exports growth, as they say this has seen them losing business worth millions of dollars due to bottlenecks at th…

Published: 04 Jun 2018 at 07:37hrs | 2 | by Staff reporter

Mnangagwa eyes 4.5% growth rate

President Mnangagwa has reaffirmed the country's economy is forecast to grow by 4,5 percent this year on the back of a robust performance in agriculture, mining, tourism and the construction sector. He also said his administration was aliv…

Published: 19 Apr 2018 at 07:08hrs | | by Staff reporter

Tax rise boosts Zimbabwe growth

ZIMBABWE is among the few countries in Africa that are experiencing a rise in individual income and corporate tax revenues, which indicates signs of growth as more pay taxes although remaining vulnerable to macro-economic shocks.According …

Published: 28 Mar 2018 at 07:08hrs | 1 | by Staff reporter

'Govt growth rate too optimistic'

At least five institutions have since December made much lower projections of this year's economic growth than the 4,5% announced by government.In his 2018 National budget statement, Finance minister Patrick Chinamasa projected a gross dom…

Published: 11 Feb 2018 at 07:19hrs | 2 | by Staff reporter

Zim growth constrained by lack of finance

MDC-T senior official Tapiwa Mashakada  has said Zimbabwean growth is constrained by among other things the lack of finance capital and investment.He said an MDC government will launch Eurobonds and target to raise in excess of $3bill…

Published: 09 Apr 2017 at 07:41hrs | | by Stephen Jakes

Beware the ghost of Benghazi

YOUTH is a period of impetuosity and adventure. It is a time to test and experiment. It is a period of physical and mental growth.Youth is a time of discovery and for self-definition. It is a time to search for oneself and to also reach ou…

Published: 26 Aug 2016 at 06:48hrs | | by Joram Nyathi

Private enterprise is key to our future growth

"We owe it to all the peoples of the sub-continent to ensure that they see us not merely as good leaders waxing lyrical about our development, but as front commanders in the blast furnaces of labour, productive investments and visible chan…

Published: 11 Aug 2016 at 13:31hrs | | by Vince Musewe

Bold investors are now betting on Zimbabwe growth

Johannesburg - At the height of Zimbabwe's hyperinflation, restaurant prices would increase in the time it took to serve and eat a meal.Those days are gone and some bold investors are now betting on growth in the troubled nation, while kee…

Published: 11 Nov 2011 at 08:26hrs | 1 | by -

SA's population growth rate slowing down

Cape Town - South Africa's population growth rate is slowing down, the country's Social Development Minister Bathabile Dlamini said on Wednesday."There is a decline in population growth in South Africa," she said at the release of the Unit…

Published: 26 Oct 2011 at 23:00hrs | | by Staff reporter

8 - 15 percent economic growth expected for 2011

Zimbabwe's economy will grow about 8 to 15 percent in 2011 but any attempts to push through an election could deal it a devastating blow, Finance Minister Tendai Biti told reporters on Wednesday."We have been very conservative. Our growth …

Published: 20 Jan 2011 at 02:34hrs | 1 | by Byo24NEWS

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Hichilema to make State Visit to Zimbabwe

Air Zim, NHS scoop tourism awards

Maimane calls on SA to hold Zanu-PF accountable

E.D. Mnangagwa road to close for sewer works

Armed forces and HIV infections

Vendor goes blind after stealing potatoes

Convict escapes prison, arrested in less than 12 hours

Pharmacist sues CID officers for malicious arrest

Manicaland councils in disarray

Tourism Minister's Stance on Robots in Hotels Sparks Interest

Private parts rip-off attempt, condom wearing delay rescues rape victim

Mnangagwa's Zimbabwe: Speak out, get jailed

60% of Zimbabweans visit sangomas

RBZ's FIU goes after car dealerships

Mudenda blames opposition for sanctions

Zimbabwe's soccer nepotism falls to Mozambique

418 000 pupils to sit for grade 7 exams

Zanu-PF Bulawayo backs Mnangagwa beyond 2028

Spike in complaints over fake products

Erectile dysfunction man axes father to death

Warriors fans call for Nees' dismissal

Hichilema to make State visit to Zimbabwe

China man jailed for rhino horn dealings

Warriors fans call for Nees' dismissal

Man jailed for insulting Mnangagwa, Chiwenga and their mothers

Ian Smith never named anything after himself – why then are Zimbabwe leaders so insecure and desperate for self-glorification?

Murder suspects nabbed in Zambia

Zimbabwe to freeze civil service hiring in 2026

'Operation Dudula is a group of thugs,' says Malema

Businessman shoots wife dead, commits suicide

Illegal private schools get 4 months to comply or face closure

Redcliff plans CBD relocation

Munhumutapa day is not a public holiday

Shurugwi Town Council proposes 10km radius expansion

Zimbabweans in the eye of the SA immigration storm

Zimbabwean academic joins Sacomm executive

Advocate Thabani Mpofu wins at the Supreme Court again

India dumps US Treasury bills

Coltart appears opposed to slashing of parking charges

South African men can now adopt wives' surnames

Jonas Kasamba misses Sanganai/Hlanganani special night

Nyamapanda immigration boss arrested

Elvis Moyo stripped of EFC heavyweight title

Treasury cracks down on budget overruns

Zifa to decide Nees fate

Provincial education director in BSPZ funds scandal

Holy Ten apologises to Mnangagwa, checks into rehab

Elon Musk toppled as world's richest man

2 Zimbabwe immigration officers arrested over visa fraud

InDrive driver loses vehicle in armed robbery

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