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Is Zimbabwe on the brink of collapse?
Zimbabwe is standing at a dangerous crossroads as the nation endures an escalating energy crisis that threatens its economy, livelihoods, and future prospects. The recent wave of prolonged pow...Published: 18 Dec 2024 at 13:05hrs | 1934 | by Tendai Ruben Mbofana
Zimbabwe trade deficit narrows to US$137,7 million
Zimbabwe's trade deficit shrank to US$137.7 million in October 2024, marking a 34.3% decrease from the US$209.5 million recorded in September. This positive trend is attributed to a significant growth...Published: 07 Dec 2024 at 10:33hrs | 502 | by Staff reporter
Trump suggests Canada should become the 51st US State
US President-elect Donald Trump has suggested that Canada should become the 51st US state unless it manages to halt the flow of illegal migrants and drugs across its border with the US, Fox News repor...Published: 03 Dec 2024 at 11:05hrs | 1478 | by Staff reporter
Trump threatens BRICS for trying to move away from the dollar
The BRICS nations will be hit with 100% tariffs on their goods if they try to introduce a reserve currency to rival the dollar, US President-elect Donald Trump has warned. Trump has repeatedly threate...Published: 30 Nov 2024 at 21:26hrs | 2566 | by Staff reporter
'Trump Presidency to hurt Zimbabwe's trade, investments'
Zimbabwe's trade and investment prospects could face significant challenges following United States President-elect Donald Trump's proposed tariff policies, according to an analysis by FBC Securities....Published: 11 Nov 2024 at 07:13hrs | 2295 | by Staff reporter
Zimbabwe's government: The biggest threat to its own currency
The Reserve Bank of Zimbabwe's (RBZ) recent decision to devalue the Zimbabwean Gold (ZiG) by 50% has left the nation reeling. Overnight, the currency's value plummeted from 14 to 23.4 against ...Published: 29 Sep 2024 at 15:25hrs | 3366 | by Tendai Ruben Mbofana
Is the Buy Zimbabwe campaign a flop?
The Buy Zimbabwe Campaign, launched over a decade ago, was designed to promote locally manufactured goods and services, reduce the trade deficit, and bolster economic growth. While the campaign's obje...Published: 20 Sep 2024 at 11:48hrs | 366 | by Staff reporter
Zimbabwe spends US$40m on importing spaghetti
Zimbabwe's annual importation of approximately US$40 million worth of macaroni and spaghetti, primarily from Egypt, reflects the nation's sluggish industrialization progress. Despite pasta not being a...Published: 18 May 2024 at 11:55hrs | 42 | by Staff reporter
Zimbabwe suffers US$6,8 billion trade gap
ZIMBABWE has operated in negative trade deficit of US$6,8 billion for the last four years, a trend which is unsustainable in the long run according to Buy Zimbabwe, a campaign outfit that advoca...Published: 25 Feb 2024 at 07:21hrs | 3 | 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 | 1 | by Staff reporter
Zimbabwe gold deliveries up 26% in September
Gold deliveries to Fidelity Gold Refinery (FGR) saw a notable increase of 26.24% in September compared to August, according to the latest data. This surge in gold deliveries reflects a recovery in the...Published: 06 Oct 2023 at 06:39hrs | 1 | by Staff reporter
Mthuli Ncube feels heat
THE government's ambitious growth projections are unlikely to be met because of protracted blackouts, which have stifled exports and further weakened the local currency.In December last year, ...Published: 02 Jun 2023 at 18:17hrs | 1 | by Staff reporter
Zimbabwe records US$2bn trade deficit for 2022
THE country recorded a trade deficit of US$1,96 billion for the period between January and November 2022, which is an increase from the US$1,4 billion recorded during the same period in 2021, the late...Published: 03 Feb 2023 at 19:12hrs | 15 | by Staff reporter
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
Zimbabwe tax-free threshold doubled, bonus windfall for workers
The tax-free threshold for income tax was doubled to $50 000 a month yesterday by Finance and Economic Development Minister Mthuli Ncube as part of the doubling of all tax bands to improve disposable ...Published: 29 Jul 2022 at 06:46hrs | | by Staff reporter
Zimbabwe mining surpasses US$5 billion
Zimbabwe's mining sector is registering unprecedented growth, for the first time in history, with earnings jumping to US$5,2 billion in 2021 from about US$2,9 billion in 2017, as positive gains contin...Published: 22 Jul 2022 at 06:39hrs | 1 | by Staff reporter
'Zimbabwe economic outlook grim'
ECONOMISTS have warned that Zimbabwe's economic outlook looks "dark" given the country's widening trade deficit following the government's suspension of customs duties on imported consumer goods....Published: 08 Jul 2022 at 07:36hrs | 8 | by Staff reporter
'Zimbabwe to become a supermarket of imports'
GOVERNMENT'S decision to suspend duty on imports of selected basic commodities such as rice, flour and cooking oil for six months will cripple the country's already ailing economy and industries, loca...Published: 11 Jun 2022 at 09:33hrs | | by Staff reporter
Zimbabwe trade deficit hits US$34bn as industrialisation flops
ZIMBABWE has since 2002 accumulated a trade deficit of more than US$34 billion, a clear indication that the country's industrialisation-led import-substitution programmes have failed, new data show....Published: 11 Jun 2022 at 09:31hrs | 7 | by Staff reporter
Mnangagwa to copy Putin's currency strategy
Zimbabwe's President Emmerson Mnangagwa is trying to emulate Russian President Vladimir Putin in his attempt to revive Africa's worst performing currency. Mnangagwa's administration may announ...Published: 03 May 2022 at 06:43hrs | | by Staff reporter
Zimbabwe's trade deficit narrows
Zimbabwe recorded a sharp decline in trade deficit in January this year after exports surged modestly compared to the prior month, December 2021, official statistics show.In January 2022 Zimba...Published: 11 Apr 2022 at 06:27hrs | 1 | by Staff reporter
Zimbabwe exports on track for US$7bn target
ZIMBABWE'S exports edged closer to meeting government's US$7 billion target by 2023, after rising by 37,3% last year, the country's export trade promotion agency said this week.Exports climbed...Published: 04 Mar 2022 at 17:41hrs | | by Staff reporter
Zimbabwe's exports on the rise
AMID the pervasive disruption to world trade caused by the coronavirus pandemic, Zimbabwe's exports held up well between January-June this year compared to the same period last year.According ...Published: 05 Sep 2021 at 06:51hrs | | by Allan Majuru
‘Qatar moves Zimbabwe markets'
QATAR Airways' entry into the Harare–Doha route will give impetus to Zimbabwe's export strategy, with connection problems previously faced by investors coming to an end, ZimTrade, the country's expo...Published: 02 Sep 2021 at 06:15hrs | 5 | 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 | | by Staff reporter
'Zimbabwe's retailers deserve a wage subsidy'
WHILE government was bullish in the midterm fiscal policy and revised upwards gross domestic product (GDP) growth projections for 2021 from 7,4% initially projected in November last year to 7,8%, grow...Published: 22 Aug 2021 at 08:01hrs | | by Staff reporter
Supermarkets doomed after $120bn snub
SEVERAL measures being deployed by government to rebuild the economy may be doomed unless they are twinned with policies that boost spending power, the Confederation of Zimbabwe Retailers (CZR) said, ...Published: 19 Aug 2021 at 06:33hrs | | by Staff reporter
Mthuli Ncube revises growth to 7,8%
Zimbabwe's economy is doing well with growth prospects strong and on track, despite the stalking shadow of Covid-19, leading Finance and Economic Development Minister Mthuli Ncube yesterday upgrading ...Published: 30 Jul 2021 at 07:25hrs | 9 | by Staff reporter
Zimbabwe companies map alternative routes as SA burns
ZIMBABWE'S industry has begun mapping out longer and expensive trade routes to export their products overseas after vital transport corridors via South African ports were hit by two weeks of violence,...Published: 23 Jul 2021 at 09:18hrs | | by Staff reporter
SI 127 ghost still haunting economy
After passing Statutory Instrument (SI) 127 of 2021 on the 26th of May 2021, the Zimbabwean government made a quick summersault on the new regulations through a press statement issued by the Reserve B...Published: 14 Jul 2021 at 08:47hrs | | by Victor Bhoroma
Auction market cannot end the parallel market
Despite launching the Dutch inspired Foreign Currency Auction System (FCAS) in June 2020 (Almost 1 year running), the Zimbabwean economy continues to face acute foreign currency shortages on the forma...Published: 19 Jun 2021 at 08:52hrs | 8 | by Port Louis Riverfront, Mauritius
Zimbabwe suffers US$300m trade deficit
ZIMBABWE suffered a US$300 million trade deficit during the first quarter of 2021, as imports continued to dominate the value of goods exported by the country, data from the Ministry of Finance and Ec...Published: 11 Jun 2021 at 06:36hrs | | by Staff reporter
Zimbabwe records US$17.7 million trade deficit in January
ZIMBABWE recorded a trade deficit of US$17,7 million in January this year compared to a surplus of US$1,4 million recorded during the same month in 2020.According to trade figures released by ...Published: 29 Mar 2021 at 18:12hrs | | 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 | 10 | 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 | 2 | by Andrew Lampard
The soft peg and local economic stability
Zimbabwe introduced the Dutch inspired foreign exchange auction system on the 23th of June to replace the fixed exchange rate (hard peg) of US$1: ZW$25 that had been in existence since 26 March 2020. ...Published: 08 Jan 2021 at 20:58hrs | | by Victor Bhoroma
Afro-Sino economic relations in the 21st Century: Mixed Reactions and Misinterpretations
The Author is a Master of Science in International Trade and Diplomacy student at the University of Zimbabwe. He holds a MSc degree in Development Studies (National U...Published: 04 Jan 2021 at 19:21hrs | 9 | by Livingstone Kazizi
Nzenza sets ambitious 2021 Zisco revival target
The Minister of Industry and Commerce, Sekai Nzenza, has set an ambitious target of turning the defunct steel giant, Zisco, around by the end of next year. The Zisco revival drive has twi...Published: 30 Oct 2020 at 17:49hrs | 1 | by Staff reporter
'Zimbabwe to keep getting IMF technical support'
GOVERNMENT has said it will continue working with international financial institutions (IFIs), including the International Monetary Fund (IMF) after its aborted Staff-Monitored Programme (SMP) with th...Published: 02 Oct 2020 at 07:45hrs | | by Staff reporter
Policy implementation key in reindustrializing economy
The re-industrialization of the economy is a vital piece in the achievement of Zimbabwe's sustainable economic development goals and effective participation in the Africa Continental Free Trade Area (...Published: 05 Sep 2020 at 16:15hrs | | by Victor Bhoroma
Mnangagwa two years on
THE Second Republic under President Mnangagwa has, in the two years of its span, recorded a number of milestones across sectors towards the achievement of Vision 2030 to transform the economy and impr...Published: 28 Aug 2020 at 06:47hrs | 7 | by Nqobile Tshili, Nduduzo Tshuma and Prosper Ndlovu
Zimbabwe's import bill shows efforts to stock pumps and shelves
Fuel and food dominate Zimbabwe's import bill, showing the government's efforts to keep the economy running and store shelves stocked.Zimbabwe imported almost $80 million's worth of diesel las...Published: 28 Aug 2019 at 08:09hrs | | by Bloomberg
Trade deficit narrows 62%
ZIMBABWE recorded a trade deficit of $605 million between February and July this year, down 62% compared to the same period last year.Figures released by the Zimbabwe Statistics Agency (ZimSta...Published: 28 Aug 2019 at 07:46hrs | | by Staff reporter
EcoCash bureau de change launch to spur financial inclusion in Zimbabwe
THE recent launch of a bureau de change by Zimbabwe's leading mobile money service provider EcoCash after approval by the country's central bank is likely to help channel more remittances through form...Published: 28 Aug 2019 at 07:41hrs | | by Sifelani Tsiko
Mthuli Ncube doing the right things as Zimbabwe's trade deficit contracts by 60%
ZIMBABWE'S trade deficit contracted by 60% to $542, 3 million between February and June this year due to foreign currency shortages for imports as well as a drop in the budget deficit.Trade fi...Published: 09 Aug 2019 at 07:38hrs | | by Staff reporter
'Mission: Zanu PF realise link between Z$, knowledge and production' - how, when only they know best
Last month the Mnangagwa government enacted the Statutory Instrument 142 (2019) in which the regime banish the use of the basketful of multi-foreign currencies as legal tender in Zimbabwe leaving the ...Published: 19 Jul 2019 at 19:46hrs | | by Wilbert Mukori
Zimbabwe trade deficit narrows by 71%
ZIMBABWE'S trade deficit narrowed by 71% to $325 million between February and May this year, with analysts attributing the decline to foreign currency shortages as well as a drop in the budget deficit...Published: 11 Jul 2019 at 07:24hrs | | by Staff reporter
Zimbabwe can't pay for imports, narrows trade deficit
Zimbabwe's trade deficit has narrowed to $332m for the five months to May as the southern African country battles to pay for key imports such as electricity and fuel. According to latest figur...Published: 10 Jul 2019 at 21:47hrs | | by Staff reporter
'Zimdollar must be backed by production'
THE newly introduced Zimbabwe dollar should be backed by production to maintain value against major currencies and sustain strong economic activity in the country, economist, Dr Gift Mugano, has said....Published: 09 Jul 2019 at 07:24hrs | | by Staff reporter
Multi-currency was a disaster
Government says multi-currency system created fiscal and monetary challenges, stunting economic growth and making most industries in Zimbabwe uncompetitive. Treasury permanent-secretary George...Published: 08 Jul 2019 at 08:31hrs | | by Staff reporter
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