THE central bank's decision to more than double the size of its bond-note programme to $500 million confirms the country is headed towards de jure de-dollarisation, which threatens to accelerate infla...
ZIMBABWE'S economy continues to be in the doldrums despite the government claiming it is on the rebound, industry officials have said.Over the years, government officials have been talking about an ec...
THE trade deficit between Zimbabwe and South Africa widened by 15% to $131 million in the first seven months of the year, latest trade data from the Statistics Agency shows.Data gathered from the Zimb...
ZIMBABWE'S trade deficit narrowed by 21 percent to $1,2 billion in the first seven months of the year, latest trade data from the statistics agency shows.Figures from the Zimbabwe Statistics Agency (Z...
THE Reserve Bank of Zimbabwe (RBZ) says the production of about four tonnes of gold a month could help the country's economy become more self-sufficient.Speaking to guests at a fundraising dinner host...
Foreign direct investment to Zimbabwe doubled in the first half of 2017 compared to the same period last year following President Mugabe's clarification of the National Indigenisation and Economic Em...
ECONOMIC analysts have warned that Zimbabwe's year-on-year inflation, which slowed down to 0,14 for the month of July from 0,31 percent in June, would still trend upwards by year-end due to worsening ...
THE country's year-on-year inflation shed 0.17 percentage points to 0.14 percent in July, figures from the Zimbabwe National Statistics Agency (Zimstat) show.Month-on-month inflation also fell from -0...
Zimbabwe's inflation is forecast to rise to around two to three percent at the end of this year, before accelerating sharply in 2018 due to election spending.The annual inflation rate, which had been ...
THE cost of living increased by 0.2 percent to $576.84 last month from $575.71 in June largely due to suspension of sales promotions by the retailers, the Consumer Council of Zimbabwe has said.Followi...
WORLD Bank representative in Zimbabwe, Johannes Herdeschee has said while the country faced a myriad of problems, fiscal deficits, which have ballooned to 10% of gross domestic product, were the bigge...
Zimbabwe has generated exports worth US$4.9 billion since the introduction of the five percent export incentive scheme in May last year, representing a 14 percent increase on foreign currency receipts...
South Africa is feeling the pinch of the tight import controls gazetted by the Zimbabwean government with statistics indicating the volume of exports have registered a 10 percent drop since January.Zi...
ZIMBABWE'S trade deficit in the first half of the year narrowed by 5% to $1,3 billion, an indication that the country continues to rely on foreign-produced goods in spite of government efforts to halt...
ZIMBABWE's economy has continued to shrink, leading to growing unemployment and significant underemployment, an international research body has said.A recent Business Monitor International (BMI) repor...
BOND notes are likely to end up accounting for 50% of the money in circulation by year-end given their current dominance in a both the formal and informal markets, a local economist has said.Ashok Cha...
The Macro-Economic and Financial Management Institute for Eastern and Southern Africa(MEFMI) says Zimbabwe is on course to achieve the 3.7 percent growth rate this year on the back of policies to resu...
GOVERNMENT has projected that total exports will grow to $3,9 billion by year-end driven by a strong performance in tobacco, platinum group metals (PGMs), nickel and many others.In his 2016 annual bud...
Finance minister Patrick Chinamasa's mid-term fiscal policy review is "empty" and an "insult" to long-suffering Zimbabweans, which proves an admission of leadership failure, opposition parties said.P...
The government had a budget overrun of a whopping $902,2 million by the end of 2016 on the back of huge employment costs and agriculture recovery that were largely unplanned for in the annual budget.P...
GOVERNMENT is continuing with its reckless spending spree - with President Robert Mugabe's office leading the way, overspending by US$43 million - as its unsustainable budget deficit scaled almost US$...
A 200% increase in money supply between December 2015 and May 2017 is unsustainable and could stoke inflationary pressures in the economy, the IMF has warned.IMF mission chief for Zimbabwe Gene Leon ...
Zimbabwe's budget deficit rose to $1.4 billion, or 10 percent of national output, in 2016, worse than previously revised estimates, the country's finance minister said.The shortfall arose from unbudge...
The Zimbabwean economy is expected to register significant growth of 3.7% this year, underpinned by strong performance in agriculture of 21.3%, mining 5.1% and electricity and water 2.5%, Finance a...
Zimbabwe has registered a slight growth in export earnings after earning $2,58 billion up from $2,57 billion as of June 16 this year, compared to the same period last year.Finance minister Patrick Chi...