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UK overtakes China as second-largest US Treasury holder
China's recorded holdings of US Treasuries have fallen below those of the UK for the first time since the start of the century, underlining a shift in Beijing's management of its foreign reserves....Published: 21 Jul 2025 at 19:41hrs | 344 | by Staff reporter
Zimbabwe's exports surge by 13.5%
Zimbabwe's export earnings surged by 13.5 percent in March 2025 to reach US$581.9 million, up from US$512.6 million in February, underscoring the country's growing productivity, mineral output and the...Published: 03 May 2025 at 08:35hrs | 786 | by Staff reporter
Zimbabwe-China trade hits $3 billion
Trade between Zimbabwe and China has surged in the first nine months of 2024, reaching a record $3 billion, marking a 25.6% year-on-year increase. Zimbabwe's exports to China stood at $2.1 billion, wh...Published: 30 Oct 2024 at 15:46hrs | 384 | by Staff reporter
Zimbabwe's trade deficit reaches US$268,7million
ZIMBABWE exported goods worth US$550,6 million in December with three major export destinations South Africa, the United Arab Emirates and China accounting for about 73 percent of the total value, lat...Published: 30 Jan 2024 at 04:21hrs | 2 | by Staff reporter
China-Zimbabwe trade surges by 29.9% in 2023
Trade between China and Zimbabwe hit a record high of 3.12 billion U.S. dollars in 2023, reflecting a 29.9 percent increase from the previous year, the Chinese Embassy in Zimbabwe said Monday....Published: 23 Jan 2024 at 04:45hrs | 17 | by Staff reporter
Mutapa looting machine
PRESIDENT Emmerson Mnangagwa is full of surprises.He wants to be seen to be doing something and, in many instances, creates new offices that in reality are as clear as mud.Mutapa Inves...Published: 23 Sep 2023 at 21:34hrs | 2 | by Paidamoyo Muzulu
Zimbabwe now one of the fastest growing African economies
ANALYSING Zimbabwe's unconventional economy always proves somewhat cumbersome because it is a country bridled with policy inconsistency, unfavourable operating conditions buoyed by decades of unilater...Published: 02 Dec 2022 at 19:32hrs | 1 | by Respect Gwenzi
Does Zimbabwe need the Commonwealth?
ZIMBABWE joined the Commonwealth in 1980 after gaining independence from Britain - in what appeared to be a major victory for the Commonwealth. Twenty-three years down the road, Zimbabwe quit the Comm...Published: 25 Nov 2022 at 05:11hrs | 2 | by Vusi Nyamazana
China-Zimbabwe trade up 30%
TRADE between Zimbabwe and China went up by 29,9% to US$1,7 billion between January and September this year.The statistics were revealed by Chinese ambassador to Zimbabwe Guo Shaochun during a...Published: 17 Nov 2022 at 05:07hrs | | by Staff reporter
Godfrey Kanyenze says sanctions are not the biggest problem
Godfrey Kanyenze has dismissed claims that sanctions are the biggest albatross to Zimbabwe's economy, opting to put the blame on government mismanagement.The remarks, premiered in the academic...Published: 10 Mar 2022 at 06:14hrs | 1 | by Staff reporter
Zimbabwe exports increase by 35,5%
THE value of exports from Zimbabwe increased by 35,5 percent in the first six months of the year to US$2,52 billion compared to US$1,86 billion in the corresponding period last year, official data sho...Published: 26 Aug 2021 at 06:35hrs | 2 | 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 | 2 | by Staff reporter
Zimbabwe records massive jump in trade surplus
ZIMBABWE will record a trade surplus for the second year running, after recording a threefold-increase in its current account to US$939 million in the first nine months of the year, Finance and Econom...Published: 30 Nov 2020 at 19:04hrs | 9 | by Staff reporter
Zimbabwe finds a new ally in the UAE
ZIMBABWE is going through an unbelievable socio-economic crisis and is slowly reaching a tipping level. With skyrocketing inflation, a biting forex crunch and failing institutions among the myriad iss...Published: 16 Aug 2019 at 08:22hrs | 1 | by Staff reporter
Chamisa's MDC begs SADC
MDC Media and Diplomatic Briefing ahead of the 21st Meeting of the Southern African Development Community (SADC) Ministerial Committee of the Organ (MCO) on Politics, ...Published: 18 Jul 2019 at 20:05hrs | 2 | by Gladys Hlatywayo
Zimdollar given 5-day ultimatum
THE National Tripartite Negotiating Forum (TNF) has given government up to Tuesday next week to withdraw Statutory Instrument 142/2019, which banned the use of multi-currency and reintroduced the Zimb...Published: 27 Jun 2019 at 06:41hrs | 1 | by Staff reporter
Socio-economic Implications of banning the US Dollar
On 24 June 2019, the government abolished the 10-year-old multi-currency regime in the country making the Zimbabwe dollar the sole legal tender. The Zimbabwe Coalition on Debt and Development (ZIMCODD...Published: 26 Jun 2019 at 15:18hrs | 3 | by ZIMCODD
10 Implications of de-dollarization and introduction of the Zim dollar
Wheels have finally come off as government has been cornered and forced to involuntarily de-dollarize without a plan.When government introduced bond notes we warned that the surrogate currency was bad...Published: 24 Jun 2019 at 21:01hrs | | by Tapiwa Mashakada and Miriam Mushayi
Enter the dragon: The rise of China
The most remarkable economic turnaround story of the 21st century undoubtedly belongs to the People's Republic of China. As the country marks the 40th anniversary of economic reforms and opening, the ...Published: 28 Jan 2019 at 16:43hrs | 2 | by Victor Bhoroma
Enter the dragon: The rise of China
The most remarkable economic turnaround story of the 21st century undoubtedly belongs to the People's Republic of China. As the country marks the 40th anniversary of economic reforms and opening, the ...Published: 21 Jan 2019 at 14:10hrs | 3 | by Victor Bhoroma
'Resolve forex repatriation bottlenecks'
ZIMBABWE should institute urgent measures to eliminate bottlenecks choking repatriation of foreign currency by foreign companies if Harare is serious about attracting significant Foreign Direct Invest...Published: 03 Dec 2018 at 06:54hrs | 1 | by Staff reporter
'China can assist with Zimbabwe re-industrialisation'
China has the potential to finance Zimbabwe's re-industrialisation strategy following a significant increase in trade between the two countries, economic analysts have said.This comes as China...Published: 19 Nov 2018 at 12:39hrs | 5 | by Staff reporter
Chinese deals, raw or fair for the Zimbabwean economy?
Given the recent developments in Zimbabwe and the African continent, it is worthy assessing how Chinese investments can affect the local economy going forward. Critical for Zimbabwe is how the country...Published: 17 Oct 2018 at 21:41hrs | 4 | by Victor Bhoroma
ZimTrade urges value-added trade
ZimTrade, Zimbabwe's export promotion institution, has called for the deepening of valued-added manufacturing on current exports to Germany to diversify the country's export basket and scale up global...Published: 17 Sep 2018 at 06:57hrs | | by Staff reporter
Mnangagwa seeks to revive Chinese mega deals
PRESIDENT Emmerson Mnangagwa says he will pursue mega deals with China during his visit to the Asian country.The southern African nation, still battling to shake off a hangover from a decade-l...Published: 06 Sep 2018 at 15:40hrs | 19 | by Staff reporter
Mnangagwa expected in SA for BRICS Summit
President Emmerson Mnangagwa is expected to leave Harare for South Africa today to attend the BRICS Summit that started yesterday.BRICS is a grouping of emerging economies - Brazil, Russia, In...Published: 26 Jul 2018 at 07:14hrs | | by Staff reporter
Is multi-tier pricing the problem or symptom?
As Zimbabwe's central bank tries to calm the problem it caused in the market through the introduction of bond notes in November 2016, questions have been raised on whether the multi-tier pricing syste...Published: 26 Jun 2018 at 07:17hrs | 1 | by Victor Bhoroma
ZANU-PF must face it; the balance sheet reflects failure in absolute terms
Recent developments that have seen service stations running dry and poor Zimbabweans failing to make it to work this morning are an indictment on Mugabe's leadership, Patrick's Chinamonics and the hyp...Published: 25 Sep 2017 at 13:19hrs | 1 | by Jacob Mafume PDP Spokesperson
US govt working on normalising ties with Zimbabwe
United States of America President, Mr Donald Trump's administration is working on improving trade with Zimbabwe.The US Ambassador to Zimbabwe, Harry K Thomas Jnr, yesterday said the administr...Published: 21 Sep 2017 at 06:23hrs | 1 | by Staff reporter
Tsvangirai's MDC-T backs rand adoption
Morgan Tsvangirai's MDC has said it backs the adoption of the South African rand as the primary currency.In an interview with the Daily News yesterday, MDC shadow finance minister Tapiwa Masha...Published: 28 Apr 2017 at 15:51hrs | | by Staff reporter
'It's too late for Zimbabwe to adopt rand,' says Biti
Ex-Finance minister Tendai Biti has said it is too late for Zimbabwe to adopt the South African rand as a dominating currency.Writing on his Twitter account, the opposition People's Democratic...Published: 29 Mar 2017 at 07:18hrs | | by Staff reporter
Zimbabwe in $14.2 million trade surplus against SA
ZIMBABWE recorded $14.2 million trade surplus against its major trading partner, South Africa, after exporting goods worth $185.4 million to the neighbouring country in February compared to $171.2...Published: 28 Mar 2017 at 06:22hrs | 1 | by Staff reporter
RBZ warns up to rand adoption
Zimbabwe's central bank is warming up to adoption of the South African Rand as a dominating currency following various calls from business in favour of the exchange.In an apparent U-turn from ...Published: 24 Mar 2017 at 06:54hrs | | by Staff reporter
Trade deficit hit $310million in two months
...Published: 22 Mar 2017 at 09:42hrs | 4 | by Staff Reporter
UAE companies help prevent Zimbabwe's economy from sinking deeper
Zimbabwe has more than its share of economic problems. The country does not have its own currency, the last one having fallen prey to hyperinflation; its transport system is so poor that it hinder...Published: 07 Mar 2017 at 10:54hrs | 5 | by Clemence Machadu
The liberating power of Brexit
The referendum of June 23, 2016 regarding Britain's remain at or exit from the European Union, through its subversive BREXIT result - the first major, painful defeat for the under German control Europ...Published: 29 Sep 2016 at 11:22hrs | | by Isidoros Karderinis
Prophet TB Joshua's prophecy on the South African Rand
The rand strengthened the most in three months, leading global currency gains after data showed South Africa's economy expanded more than forecast in the second quarter while the trade balance swu...Published: 07 Sep 2016 at 10:29hrs | | by Marelise Van Der Merwe
Zimbabwe: One side black, the other side bright
I suppose it is called delayed sight. Last week I drew the ire of opposition MDC-T supporters when I raised the self-evident, dead-end scenario that comes with demonstrations, and the fleeting joy tha...Published: 23 Apr 2016 at 12:56hrs | 3 | by Nathaniel Manheru
Zimbabwe, EU set to sign large funding agreement
The European Union (EU) is expected to sign the National Indicative Program with Zimbabwe soon under which the bloc will provide 234 million euros (about 266 million U. S. dollars) to support socioeco...Published: 29 Jan 2015 at 14:27hrs | 2 | by Xinhua
Zimbabwe still to approach China for yuan
Zimbabwe has not made an official agreement with the Chinese government for the use of the yuan, a Chinese government official has revealed.Out-going Chinese economic and commercial Counselor...Published: 13 May 2014 at 11:56hrs | | by Staff reporter
China-Zimbabwe trade volumes double
Trade volumes between Zimbabwe and China doubled between 2010 and 2013 to $1,1 billion, the outgoing Chinese economic and commercial counsellor Han Bing said yesterday. Speaking at his far...Published: 13 May 2014 at 07:16hrs | 3 | by Staff reporter
U.S. Policy in Post-Election Zimbabwe: The statement that got US Ambassador attacked by Nathaniel Manheru
Protocol Greetings I know that I am not the first American diplomat to speak here about the relationship between Zimbabwe and the United States. While our programs and approaches change...Published: 21 Feb 2014 at 11:59hrs | 7 | by Bruce Wharton
Zimbabwe in trade surplus with US
ZIMBABWE recorded a trade surplus of $32 million in its trade with the United States in the first nine of the 2013, official data shows.The figures show a recovery from a deficit of $8,7 milli...Published: 20 Nov 2013 at 10:58hrs | 2 | by Staff reporter
EU divided over Zimbabwe sanctions
THE European Union (EU) is reportedly split over continued sanctions on crisis-torn Zimbabwe, which recently emerged from a disputed but peaceful election in which President Robert Mugabe won by a la...Published: 20 Sep 2013 at 09:26hrs | 16 | by Dumisani Ndlela
Zimbabwe snubbed by China?
AS Chinese President Xi Jinping visited Africa last week, Zimbabwe could only longingly stand-by as the country was not on the Chinese leader's itinerary.Xi is the second leader to give Zimbab...Published: 01 Apr 2013 at 17:52hrs | | by Staff Reporter
Zimstat: SA continues to be Zim's main trading partner
Zimbabwe's trade with South Africa reached US$5,8 billion in 2012 although the neighbouring nation enjoyed a trade surplus.Official data from the Zimbabwe National Statistics Agency (Zi...Published: 14 Feb 2013 at 18:07hrs | 2 | by Staff Reporter
Black economic empowerment not a mistake, but an advantage
With ordinary talent and extraordinary perseverance, all things are attainable. Vitality shows in not only the ability to persist but the ability to start over even after fighting a war.Peopl...Published: 29 Nov 2011 at 05:29hrs | | by Innocent Katsande
Dollarizing the Zimbabwe Economy
It is hard to believe that it has been two years since hyperinflation ended in Zimbabwe. In fact, enough time has passed that now the 100 trillion dollar Zimbabwe note shown below is ...Published: 31 Mar 2011 at 04:34hrs | | by David Beckworth
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