ECONOMC INDICATORS

Cost of living marginally up

The month of December witnessed a slight increase in the cost of living as measured by the Consumer Council of Zimbabwe's low income urban earner monthly basket for a family of six despite supermarke...

By Staff reporter | Published: 16 January 2014

ECONOMC INDICATORS

Zim external debt stands at $6.1 billion

Following the completion of the validation and reconciliation exercise of the country's external debt, total external public and publicly guaranteed debt (excluding Reserve Bank and private sector ext...

By Staff reporter | Published: 20 December 2013

ZIMBABWE

Zimdollar account holders to be compensated

Zimbabweans who lost their Zimdollar savings will be compensated next year as $20 million would be availed to financial institutions, Finance Minister Patrick Chinamasa revealed yesterday during his...

By Staff reporter | Published: 20 December 2013

ZIMBABWE

Zimbabwe bans unrefined gold exports

Exports of unprocessed platinum and diamonds will from January 1, 2014 attract a "heavy" tax as part of Government measures to force mining houses into beneficiating minerals and metals locally.Financ...

By Staff reporter | Published: 20 December 2013

ZIMBABWE

Zimdollar demonitised

Government will issue Treasury Bills to raise $20 million to compensate Zimbabwe dollar account holders who lost money following the adoption of a multiple currency system in 2009.Minister Chinamasa s...

By Staff reporter | Published: 20 December 2013

ZIMBABWE

Chinamasa to inject $100m into RBZ

GOVERNMENT will restore the banker of last resort function of the Reserve Bank of Zimbabwe  with effect from April 2014 by injecting $100 million into the institution, Finance Minister Patrick Ch...

By Business reporter | Published: 20 December 2013

ZIMBABWE

Zimbabwe to grow 6.4% in 2014

Zimbabwe's economy should grow 6.4% in 2014, a big jump from the 3.4% projected for this year, Finance Minister Patrick Chinamasa said on Thursday."This is anchored on a strong recovery of the agricul...

By Reuters | Published: 19 December 2013

ZIMBABWE

Zimbabwe 2014 Budget - Full document

The 2014 National Budget Statement...

By Patrick Chinamasa | Published: 19 December 2013

ZIMBABWE

Zim needs an expansionary fiscal policy

The inflation rate in Zimbabwe continues to decline and this is an indication that the country`s aggregate demand continues to be depressed entailing that the country continues to suffer from low econ...

By Staff reporter | Published: 17 December 2013

ZIMBABWE

Chinamasa's golden chance to bury Zim dollar

Finance Minister Patrick Chinamasa presents the 2014 national budget this Thursday and it will be a golden opportunity to bury for good, fears and speculation that the Zimbabwe dollar might find its ...

By New Ziana | Published: 17 December 2013

ZIMBABWE

FDI evades Zimbabwe industry

THE Confederation of Zimbabwe Industries, the country's biggest sector lobby group, says the manufacturing sector has not realised new inflows of foreign direct investment over the last three years. A...

By Business Reporter | Published: 17 December 2013

ECONOMC INDICATORS

Zim annual inflation declines

ZIMBABWE's annual inflation declined to 0.54% on the October rate of 0.59% as domestic demand continues to decrease, according to ZimStat. The year on year food and non alcoholic beverages inflation ...

By Staff reporter | Published: 16 December 2013

ZIMBABWE

Zimbabwe close to deflation

THE ZIMBABWE economy is close to deflation due to the stagnancy and decline in prices as consumer spending continues to weaken, it has emerged.Local economist Tony Hawkins said the country is witnes...

By Staff reporter | Published: 16 December 2013

ECONOMC INDICATORS

Zim trade deficit worsens

Zimbabwe's current account deficit ballooned by half a billion dollars in the 10 months to October 2013 as the country remains a net importer.Figures released by the Zimbabwe Statistical Agency indica...

By Staff reporter | Published: 11 December 2013

ZIMBABWE

EU to grant Zim $4,1m

The European Union (EU) will next year grant Zimbabwe $4,1 million to finance a feasibility study targeted at facilitating revival of its iron and steel industry.The country's steel industry has been...

By Staff reporter | Published: 09 December 2013

ZIMBABWE

Zim to benefit from better air transport market

Leaders of the African Airlines Association (AFRAA) have resolved to work closely to better serve the continent's air transport market and connect Africa to the rest of the world.A statement at the e...

By TradeMark | Published: 09 December 2013

ZIMBABWE

'Zim requires $22bn stimulus package'

ZIMBABWE requires a $22 billion stimulus package from international capital markets to ignite economic growth on the back of massive company closures and intense competition from regional peers, a loc...

By Business Reporter | Published: 09 December 2013

ZIMBABWE

'US dollar inflows key to Zim economic revival'

Zimbabwe's economic growth will be determined by continued inflows of the United States dollar into the country, Imara Asset Management Zimbabwe (Imara) has said.Peter Bailey, Imara's chairperson, sai...

By Staff reporter | Published: 04 December 2013

ECONOMC INDICATORS

Cost of living up

The cost of living and the low income urban earner monthly basket for November increased to $562,02 from the October figure of $561,99 with the food basket recording an increase of $1,07.According to ...

By Staff reporter | Published: 03 December 2013

ZIMBABWE

Zim plans diaspora bond to fund power projects

Zimbabwe plans to tap the wallets of its three million citizens living abroad by issuing bonds to finance power projects at home, state media reported Wednesday.To start off the programme, an $8 mill...

By Xinhua | Published: 01 December 2013

ZIMBABWE

International lenders wary of Zimbabwe

Expansionary monetary policy is still the order of the day in developed economies as central bankers remain at the forefront of the battle to keep recession at bay.With those markets awash with money,...

By Staff reporter | Published: 29 November 2013

ECONOMC INDICATORS

Zimbabwe inflation decline sustainable

Zimbabwe's inflation levels, which declined last month, is likely to maintain a downward trajectory, analysts said.The Zimbabwe National Statistics Agency (Zimstats) said the country's annual inflatio...

By Staff reporter | Published: 28 November 2013

ZIMBABWE

Zimbabwe sells debt to selected investors

The Government has raised $42,5 million by selling debt of up to one year's duration to selected investors after public Treasury Bill sales by the central bank failed, a Finance Ministry official said...

By Bloomberg | Published: 27 November 2013

ZIMBABWE

Industrial performance to remain low in 2014

THE country's industrial performance is likely to remain depressed in 2014 due to a host of challenges facing the economy, HiFund Investment director Mr Arnold Chidhakwa said on Friday.Presenting a p...

By Business Reporter | Published: 25 November 2013

ZIMBABWE

IMF still monitoring Zim progress

DISCUSSIONS on the progress of the International Monetary Fund (IMF), Staff-Monitored Programme (SMP) will continue until next month when the government will give a report, sources have said.According...

By Staff reporter | Published: 25 November 2013
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