ZIMBABWE

Zim debt balloons to $9.9 billion

Zimbabwe's principal debt has ballooned by nearly 40 percent from $6,1 billion last year to $9,9 billion, Finance minister Patrick Chinamasa has said.The lawyer-cum-politician yesterday said the count...

By Staff reporter | Published: 04 July 2014

ZIMBABWE

Zim requires 7% average growth rate

Zimbabwe needs a medium and long-term average growth rate of 7 percent if the Government is to significantly reduce poverty and improve the standard of living, an expert has said. African Institute fo...

By Staff reporter | Published: 04 July 2014

ECONOMC INDICATORS

Consumer basket declines

The consumer basket for a family of six has marginally decreased by 0.67 per cent to $588.07 in June from $592.97 due to a minimal decline of prices of goods in the basket in June.According to the Con...

By Staff reporter | Published: 03 July 2014

ZIMBABWE

'Economy not collapsing,' says RBZ chief

ZIMBABWE's economy is not anywhere near collapsing, with the liquidity challenges being experienced not as tight and gloomy as some quarters would want to potray, Reserve Bank of Zimbabwe Governor Dr ...

By Conrad Mwanawashe | Published: 02 July 2014

ECONOMC INDICATORS

Broad money supply up 3% in April

Annual broad money growth slowed down by 1,13 percentage points from 7,7% in March to 6,6% in April but increased by 3,3 % on a month on month basis spurred by tobacco sales, Reserve Bank of Zimbabwe ...

By Staff reporter | Published: 30 June 2014

ECONOMC INDICATORS

Zimbabwe's deflation softens

Zimbabwe's deflation softened with the annual inflation rate gaining 0,07 percentage points to minus 0,19 percent in May on the back of a rise in revenue inflows from tobacco export receipts.According...

By Staff reporter | Published: 16 June 2014

ECONOMC INDICATORS

World Bank cuts Zim's growth prospects

THE World Bank has cut Zimbabwe's economic growth rate forecasts to just 2 percent  on mounting evidence of weak foreign direct investment, liquidity constraints and lack of policy clarity.It has...

By Staff reporter | Published: 14 June 2014

ECONOMC INDICATORS

Zim deflation thaws

Zimbabwe's deflation thawed substantially after the annual inflation rate gained 0,65 percentage points to minus 0,26 percent in April as revenue from tobacco eased the liquidity crisis, but analysts ...

By Golden Sibanda | Published: 18 May 2014

ZIMBABWE

'Zimdollar return not a realistic option'

The reintroduction of the Zimbabwe dollar is not a realistic option available to this country in the short to medium term given the compelling need to increase liquidity in the economy, the Bankers As...

By Staff reporter | Published: 08 May 2014

ECONOMC INDICATORS

Zim cost of living marginally decreases

The cost of living as measured by the Consumer Council of Zimbabwe's low income urban earner monthly basket for a family of six marginally decreased by 0,32 percent from the March 2014 figure of $561....

By Staff reporter | Published: 05 May 2014

ZIMBABWE

Zim economy to grow by 3%, says World Bank

The Zimbabwean economy will grow by at least 3% in 2014, according to a World Bank report. According to the World Bank's Zimbabwe Economic Briefing for April 2014, the country's gross domestic pr...

By Staff reporter | Published: 25 April 2014

ZIMBABWE

Economic alliance proposed for Zimbabwe

An influential British think tank, Chatham House, says the  Zanu-PF government and opposition forces should work towards a consensual or bipartisan politics to confront economic challenges facing...

By Richard Chidza | Published: 23 April 2014

ECONOMC INDICATORS

Zim deflationary pressures persist

THE year-on-year inflation rate for the month of March was -0,91%  shedding 0,42 percentage points from the previous month, data released by the Zimbabwe National Statistical Agency (ZimStat) sho...

By Staff reporter | Published: 16 April 2014

ECONOMC INDICATORS

Zim CPI at -0.91% year on year in March

Zimbabwe's deflation accelerated to 0.91 percent year-on-year in March from 0.49 percent in February partly because prices of food and non-alcoholic beverages declined, the national statistics agency...

By Reuters | Published: 16 April 2014

ZIMBABWE

Tough times ahead, Zimra warns

Tax collector, Zimbabwe Revenue Authority (Zimra), has warned of a tough economic environment ahead as government faces shrinking revenue inflows.Gershom Pasi, the authority's commissioner-general, to...

By Staff reporter | Published: 09 April 2014

ZIMBABWE

Zim economy faces slumping consumer demand

Economy Faces Slumping Consumer Demand and DeflationBy Godfrey Marawanyika and Brian Latham April 06, 2014      Zimbabwe's economy is suffering from a slump in consumer spending a...

By Bloomberg News | Published: 08 April 2014

ECONOMC INDICATORS

Zim cost of living goes up

THE cost of living as measured by the Consumer Council of Zimbabwe rose marginally last month from the February figure of $559.93 to $561.24.The food basket increased by 1,52 percent or $2,29 from $15...

By Staff reporter | Published: 07 April 2014

ZIMBABWE

Only 40% of Zim companies are exporting

The country's manufacturing sector is still depressed as companies continue to face challenges in producing for both local and foreign markets.A survey carried out by ZimTrade on the capacity of the l...

By Staff reporter | Published: 04 April 2014

ZIMBABWE

Zim bans fresh fruit, vegetable imports

Zimbabwe has banned imports of fresh fruit and vegetables with immediate effect, the agriculture ministry said on Wednesday, arguing that increased local production will meet domestic demand.The ban w...

By Reuters | Published: 02 April 2014

ECONOMC INDICATORS

Zim aligns Consumer Price Index with region

Zimbabwe is remodeling the consumer price index in line with regional practices in a bid to increase regional integration.The new consumer price index will have new weights and a new classification d...

By Staff reporter | Published: 18 March 2014

ECONOMC INDICATORS

Zim money supply up 2,1%

Money supply marginally grew by 2,1% in January 2014, an increase of 0,7 percentage points from the average 1,4% recorded in the last quarter of 2013, latest central bank statistics show.The Reserve B...

By Staff reporter | Published: 18 March 2014

ECONOMC INDICATORS

Zimbabwe enters deflation

Zimbabwe moved into deflation after the annual rate of inflation for February shed 0,90 percentage points to minus 0,49 percent due to continuing price fall with some economists seeing this as a tempo...

By Business Reporter | Published: 18 March 2014

ECONOMC INDICATORS

'Gloomy Zimbabwe economic outlook to persist'

Prospects of Zimbabwe's economic revival remain gloomy with developments indicating a tough time ahead, economic analysts say.Among the challenges, the economists say the country faces a widening trad...

By Staff reporter | Published: 13 March 2014

ECONOMC INDICATORS

Zim trade imbalance could be understated

Zimbabwe's trade deficit could be significantly understated in view of indications by a World Bank study that partner countries have reported much lower import figures from the country.The report enti...

By Staff reporter | Published: 10 March 2014

ZIMBABWE

Urgency needed to resolve Zim economic predicament

There is an urgent need for policy makers to implement practical initiatives in resolving trade constraints that the country is facing, Kumbirayi Katsande, the CEO of Nestle, has said.Responding to re...

By Staff reporter | Published: 06 March 2014
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