Bulawayo24 News - Skyes! "it makes perfect sense"

Zimbabwe GDP jumps 7%

Zimbabwe's economy registered strong growth in the second quarter of 2025, with gross domestic product (GDP) rising 7,01 percent compared to the previous quarter, according to figures released by the Zimbabwe National Statistics Agency (Zi…

Published: 31 Aug 2025 at 21:27hrs | 343 | by Staff reporter

Zimbabwe on track for 6% growth

Zimbabwe is on track to achieve a forecasted 6% economic growth in 2025 helped by good agricultural output and strong commodity prices, Finance Minister Mthuli Ncube said on Thursday.The Southern African country's economy has shown signs o…

Published: 01 Aug 2025 at 10:00hrs | 265 | by Staff reporter

Illegal logging costs Zimbabwe millions

Deep in the misty Eastern Highlands, along the Zimbabweâ€“Mozambique border, the whine of chainsaws has replaced the natural chorus of birdsong. Towering indigenous and exotic trees, some centuries old, are falling to unchecked, illegal lo…

Published: 01 Aug 2025 at 08:29hrs | 75 | by Staff reporter

Zimbabwe's rebasing pushes GDP to US$45,7bn

The government's recent rebasing of Zimbabwe's economy has lifted its gross domestic product (GDP) valuation to US$45,7â€¯billion and gross national income (GNI) per capita above US$3â€¯000 - even as exchange rate distortions cloud the tru…

Published: 01 Aug 2025 at 08:27hrs | 280 | by Staff reporter

Zimbabwe govt risks losing millions in undelivered goods

The Zimbabwean government faces the risk of losing millions of dollars after revelations that several ministries, departments, and agencies (MDAs) have yet to receive vehicles and other assets paid for as far back as 2021, according to the…

Published: 29 Jul 2025 at 09:04hrs | 661 | by Staff reporter

Zimbabwe's GDP declines 1.73%

Zimbabwe's Gross Domestic Product (GDP) contracted by 1.73% to ZWG17.6 billion in the first quarter of 2025, down from ZWG17.9 billion recorded in the fourth quarter of 2024, the Zimbabwe National Statistics Agency (ZimStat) announced yest…

Published: 29 Jul 2025 at 09:01hrs | 217 | by Staff reporter

Zimbabwe revises GDP upwards to US$44.4 billion

Zimbabwe has recorded a significant rise in its Gross Domestic Product (GDP), now revised to ZiG168.5 trillion (approximately US$44.4 billion), marking a substantial increase from the previous estimate of ZiG133.7 trillion (US$35.2 billion…

Published: 09 Jul 2025 at 07:52hrs | 160 | by Staff reporter

Zimbabwe's GDP grows 2.9% to US$45.7 billion

Zimbabwe's economy expanded by 2.9 percent in 2024, with the Gross Domestic Product (GDP) rising to US$45.7 billion from US$44.4 billion in 2023, according to the latest figures released by the Zimbabwe National Statistics Agency (ZimStat)…

Published: 02 Jul 2025 at 17:46hrs | 174 | by Staff reporter

Bulawayo ranks second in GDP contribution

Bulawayo Metropolitan Province has cemented its position as Zimbabwe's second-largest contributor to the national gross domestic product (GDP), following closely behind Harare. This development was revealed in a new report by the Confedera…

Published: 22 Apr 2025 at 07:37hrs | 1382 | by Staff reporter

Zimbabwe's high economic growth rate actually shows a struggling economy

The government of Zimbabwe has consistently paraded the positive economic growth rate experienced over the past few years as a sign of a robust and thriving economy. To bolster its narrative, President Emmerson Mnangagwa's administration h…

Published: 19 Jan 2025 at 12:23hrs | 439 | by Tendai Ruben Mbofana

Zimbabwe's foreign policy contributes to the economic growth trajectory

Zimbabwe's foreign policy in the past six years has been commended for contributing to the economic growth trajectory under the Second Republic.Upon inception, the Second Republic sought to place Zimbabwe back on the global community of na…

Published: 26 Dec 2024 at 17:05hrs | 653 | by Staff reporter

Zimbabwe's GDP takes US$12bn knock

Zimbabwe's gross domestic product (GDP) has sharply fallen to US$35 billion in November, a staggering 25% decline from US$47 billion in April. The sharp contraction highlights the dire economic challenges faced by the country, including th…

Published: 14 Dec 2024 at 10:35hrs | 197 | by Staff reporter

4 banks quit in South Africa in 2024

BNP Paribas, HSBC, Sasfin Bank, and Bidvest Bank have all announced massive changes to their South African operations in 2024.French-based BNP Paribas was the first bank of the four to announce changes to its South African operations, with…

Published: 09 Dec 2024 at 15:19hrs | 782 | by Staff reporter

South Africa running out of money at an alarming rate

Efficient Group chief economist Dawie Roodt has warned that South Africa is heading for a financial crisis due to its growing debt burden.Speaking to State of the Nation's Mark Sham, Roodt said South Africa's fiscal deficit is far too high…

Published: 09 Dec 2024 at 15:15hrs | 727 | by Staff reporter

Zimbabwe govt keeps civil servants' salaries at 12% of GDP

The Zimbabwean government has announced that it will maintain civil servants' salaries at 12% of the gross domestic product (GDP), using GDP growth as the benchmark for future salary improvements. This decision comes as public sector worke…

Published: 18 Oct 2024 at 08:52hrs | 2749 | by Staff reporter

ZiG uncertainties to frustrate GDP forecasts

Zimbabwe's economic growth prospects are facing serious challenges due to liquidity shortages and a severe drought, according to leading advisory firms and economists. In a recent mid-term budget review, Finance Minister Mthuli Ncube revis…

Published: 03 Aug 2024 at 12:57hrs | 201 | by Staff reporter

Zimbabwe mines need a web presence

Zimbabwe has only just over ten mines and mining companies with an online presence. Mines with a web presence include ZimPlats, Caledonia Mining Corporation, A and F Avalon Gold Mine, Renco Gold Mine, Mimosa, Bindura Nickel Corporation, Zi…

Published: 24 Dec 2023 at 09:57hrs | 16 | by Jacob Kudzayi Mutisi

Indigenous churches should own properties

The Saint John Apostolic Church of the Whole World's Projects Director, Mr Francis Mugandani urged indigenous churches to own properties and become self-reliant, fully empowered and realise development to boost religious tourism.Speaking d…

Published: 11 Dec 2023 at 14:08hrs | 35 | by Simbarashe Sithole/Gideon Madzikatidze

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

If ED doing great job why is he afraid to be questioned by the nation?

The world over, heads of state and government are never wary of availing themselves to the media.Even unpopular ones, as former US president Donald John Trump - who knew he would be ruthlessly bombarded by the media - still availed themsel…

Published: 20 Jun 2023 at 11:27hrs | 15 | by Tendai Ruben Mbofana

Analysis of the 2023 national budget

The Zimbabwean government presented a ZW$4.5 trillion budget (21% of 2021 GDP) for the 2023 fiscal year. The government expects to collect revenues totaling ZW$3.9 billion (18% of GDP), thus resulting in a budget deficit of ZW$0.6 trillion…

Published: 16 Dec 2022 at 00:15hrs | 16 | by Victor Bhoroma

Zimbabwe macroeconomic priorities for 2023

Zimbabwe's treasury department presented a ZW$4.5 trillion budget (21% of 2021 GDP) for the 2023 fiscal year. The budget roughly translates to US$5.3 billion if the market exchange rate is used. As is the case over the past 10 years, reven…

Published: 15 Dec 2022 at 23:53hrs | | by Victor Bhoroma

Inside the cotton value chain

Cotton has been grown in Zimbabwe from as far back as 1940, even though production was enhanced after the establishment of the Cotton Marketing Board (CMB) in 1969. The white Gold is the second most important cash crop in Zimbabwe (After T…

Published: 09 Sep 2021 at 19:33hrs | 14 | by Victor Bhoroma

Schools urged to commercialise, contribute to GDP

PRIMARY and Secondary Education minister Cain Mathema has urged schools to commercialise their projects so that they can contribute to the country's gross domestic product (GDP).Mathema made the remarks yesterday during a tour of the Unite…

Published: 30 Jul 2021 at 07:43hrs | 11 | 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 domestic product (GDP), was remitting less th…

Published: 01 Apr 2021 at 21:38hrs | | by Patrick Guramatunhu

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 complete by year end. GDP is the total monetar…

Published: 24 Mar 2021 at 06:08hrs | 2 | by Staff reporter

Reforming to rebuild Zimbabwe: A time for growth - Mthuli Ncube

With the recent announcements of vaccines to the Covid-19 pandemic, the world is staring through their dark tunnel to get a glimpse of the light.While the pain continues, and many still suffer, the ray of hope is on the horizon for citizen…

Published: 13 Dec 2020 at 05:55hrs | 1 | by Prof Mthuli Ncube

Sector priorities for NDS implementation

Zimbabwe launched its new 5 year economic blueprint called the National Development Strategy (NDS-1) on 16 November 2020. The new plan succeeds the Transitional Stabilization Programme (TSP) that ends this year after running a 2-year relay…

Published: 01 Dec 2020 at 09:17hrs | 10 | by Victor Bhoroma

IMF lowers Zimbabwe GDP growth further

THE International Monetary Fund (IMF) says Zimbabwe's economy will contract by 10,4% this year, much higher than its earlier prediction of 7,4%, but expects a rebound next year.It also expects the annual inflation rate to close the year at…

Published: 16 Oct 2020 at 07:24hrs | | by Staff reporter

Price stability key to economic recovery

"A more efficient management system of scarce foreign exchange is key to price stabilisation and business growth."According to the "Transitional Stabilisation Programme" (TSP), the aspirations of Vision 2030 will be realised through five s…

Published: 18 Mar 2019 at 06:52hrs | | by Vince Musewe

Supply side intervention key for Zimbabwean Industries

The local industry has been operating below par in the last 20 years. Various policies by the government have failed to reindustrialize the economy with the sector's contribution to GDP falling below 13% in 2017 ($3.4 billion after data re…

Published: 01 Dec 2018 at 10:22hrs | 1 | by Victor Bhoroma

Mnangagwa commits 1% of GDP to research

GOVERNMENT has committed 1% of gross domestic product (GDP) towards research and development (R&D) across all sectors of the economy, President Emmerson Mnangagwa has said.R&D supports innovation, enhances product development, boos…

Published: 21 Sep 2018 at 07:03hrs | 2 | by Staff reporter

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 TradingEconomics.comZimbabwe's GDP averaged $6, 48 billion from 1960 (record low of $1, 05 bil…

Published: 29 Jul 2018 at 10:10hrs | 2 | by Staff reporter

Contribute to Zimbabwe's GDP, says Mutsvangwa

MANICALAND Province should contribute to the country's Gross Domestic Product (GDP) through diverse high-value agricultural crops it produces, courtesy of its exceptional climatic conditions, an official has said. In an interview on the si…

Published: 12 Jun 2018 at 06:40hrs | 2 | by Staff reporter

Zimbabwe is open for business - a reality

The Zimbabwe is open for business ellipsis seems to have grappled the rest of the world as investment keeps pouring into the country, with Zimbabwe raking in a record-breaking US $11 billion dollars in foreign investment in the past four m…

Published: 11 May 2018 at 22:14hrs | 19 | by Daphine Zulu

The case for FDI into Zimbabwe

The growth of FDI inflows into Zimbabwe is one of the fundamental aspects required to turn around the local economy. The positive connection between increase in FDI and GDP is what motivates most bilateral engagements world over.xThe recen…

Published: 04 Feb 2018 at 15:40hrs | 2 | by Victor Bhoroma

Read books of basic economics, Bimha's investigation of denial won't help

ZANU-PF's failure to take responsibility of the current crisis will only serve to worsen the situation. In an attempt to shift the blame to externals a misdiagnosis of the situation is bound to happen.We have seen it before that ZANU-PF de…

Published: 27 Sep 2017 at 11:00hrs | 9 | by Jacob Mafume, PDP Spokesperson

SADC now an obsolete and pitiful organisation

As I was watching the live broadcast of the opening ceremony of the Southern African Development Community (SADC) 37th ordinary summit in Pretoria, South Africa, one could not help but be filled with a sense of shame at being a member of s…

Published: 19 Aug 2017 at 12:41hrs | 1 | by Tendai Ruben Mbofana

Zimbabwe should be investing 6% of GDP in capital formation

A political analyst Vince Musewe has challenged the Zimbabwean authorities to at least invest 6% of gross domestic product in capital formation to bring the nation out of its current economic quagmire.He said according to international res…

Published: 24 May 2017 at 08:26hrs | | by Stephen Jakes

Upping the tourism ante in Zimbabwe

Tourism is on the rise in Zimbabwe. Gambling is quite popular and the country has one of the largest concentrations of casinos in all of Africa. Tourism and, in turn, gambling makes up a major part of the economy of our nation, and tourism…

Published: 04 Oct 2016 at 09:09hrs | | by Agencies

Benefits of poverty reduction strategies through economic growth

The government has recently indicated in its draft interim poverty reduction strategy paper (I-PRSP) that it is targeting an economic growth rate of 6.6% from 2016-2018. The strategy also targets inflation of 0.6%, an interest rate regime …

Published: 23 Aug 2016 at 17:38hrs | | by Blessing Machiva

Sunday women matters with Blondie - Thought for that toiling Zimbabwean woman

According to government statistic 85% of the country's population is in employment and 90% of that in the inform sector. Very well stated by government, the informal sector contributes about 25% of the country's GDP.With all the wonderful …

Published: 27 Jul 2014 at 17:18hrs | 15 | by Lorraine Blondie Sibanda

Search / Gdp

Get latest news by email:

Young Warriors Held Again as Goal Drought Continues at COSAFA U-17 Qualifiers

Ramaphosa posts explicit videos on X

UN General Assembly Vote exposes deep cracks in SADC unity

Fastjet adds early morning Johannesburg-Harare flight

Durban City FC poised to sign Zimbabwean hitman

Zimbabwe's tourism beauty deserves global spotlight

Zimbabwe's fee cuts are welcome

UN overwhelmingly approves Palestinian statehood resolution

Police, ZIMRA in luxury vehicle crackdown

Man kills brother-in-law in dispute over cellphone

Maponga re-elected as ZUJ president

3 councillors face recall amid CCC factional wars

62,500 Zimbabweans blind from cataracts

The long journey to a digitised, modernised Montrose Studios

One-stop border post at Beitbridge

ZESA to replace old prepaid electricity meters

Missing person alert

Bulawayo hit by 2 armed robberies, losses exceed US$30k

Fast-food levy nets US$1 million for Treasury in 6 months

Process to gazette slashed levies begins

Victoria Falls to host high-stakes conference

2 die in Bulawayo hit-and-runs

Lovers found dead in suspected murder-suicide

Zimbabwe's World Tourism Expo ends on a high note

Zimbabwe's informal economy a risk to anti-money laundering drive

Advocate Mpofu takes on State House security guards

Chinese nationals fined only US$150 for cocaine in the Banana republic

Zimbabwe grain import ban affecting SA farmers

7 dead in Masvingo-Beitbridge road crash

No excuses will end Zimbabwe's electricity shortages without accountability, investment, and reform

News Team

Advertising