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...
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...
Zimbabwe is holding gold coins valued at $501,390 as its only reserves, enough to buy only 1,400 tonnes of maize, the finance minister has said, highlighting the parlous state of the country's f...
The country's poor export performance has failed to power the fledgling economy to reach its job-creating potential, an international expert has said. Addressing delegates at a high level seminar on t...
The cost of living as measured by the Consumer Council of Zimbabwe's low income urban earner monthly basket for a family of six decreased from $561,56 in January 2014 to $559,93 by end of February ref...
Low capacity utilisation in the manufacturing sector and lack of consumer education are hindering the push to promote the consumption and use of locally produced products under the banner of Buy Zimba...
Zimbabwe is likely to record positive growth rates this year due to the good rains received this wet season and the confidence-building efforts that are underway, a local think-tank has said. Zimbabwe...
THE cost of living for an average Zimbabwean has shot up with the shopping basket for an average family of five increasing from $505 in December to $511 in January this year, statistics released by th...
The trade deficit in the year to December widened to $4.19 billion with the country recording a 10% decline in exports. According to statistics from ZimStat, imports amounted to $7.704 billion w...
Inflation in January gained 0.08% to 0.41% on the December 2013 figure of 0.33%, reflecting pressure from housing, education and healthcare. According to the latest data from ZimStat, year-on-year fo...
Financially-squeezed Zimbabwe government is still pursuing over $200 million in loans, pledged by regional countries nearly 5 years ago, to revive its stuttering economy. In 2009, following the format...
The cost of living as measured by the Consumer Council of Zimbabwe's low income urban earner monthly basket for a family of six decreased 0,56 percent from the December 2013 figure of $564,72 to $561...
Zimbabwe's trade imbalance rose by 16 percent in 2013 in comparison to the previous year, according to figures released by the Zimbabwe National Statistics Agency (ZimStats).The trade deficit stood at...
JOHANNESBURG - The rand was slightly weaker against the dollar yesterday and will probably remain under pressure from continuing nervousness about emerging markets.The rand was at R11,1900 to the doll...
• RBZ to resume banker to Government role and host Government's Exchequer Account with effect from March 31 2014.• RBZ and ministry of financing finalizing legal framework for Credit Reference Bur...
The Reserve Bank of Zimbabwe has put in place various measures aimed at reaffirming the role of the central bank and restoring stability to the banking sector.Presenting the Monetary policy statement ...
The Reserve Bank of Zimbabwe monetary policy committee says the proposed interest rate structure of 8% per annum should be utilised as a benchmark for other debt in the market.The RBZ monetary policy ...
Government spending continues to outstrip revenue inflows with the November consolidated revenue fund statement of financial performance reflecting a $58 million deficit for the month of November 2013...
According to the RBZ November Monthly economic review broad money recorded an annual decline of 0.46% in November 2013, compared to a growth of 3.16% recorded in October 2013.On a month-on-month basis...
The total value of card based transactions increased by 1.11% to $331.71 million in the month of November, from $ 328.06 million in October 2013.This is based on figures released by the Reserve Bank o...
Funding Zimbabwe's $4,1 billion 2014 National Budget will be a tough task as government's revenue collections continue to shrink, analysts say.This comes as President Robert Mugabe's administration - ...
THE weakening of the South African rand against the United States dollar has sparked an outcry in Bulawayo and parts of the southern region with some public institutions now refusing payment in rand.A...
ZIMBABWE will this year actively lobby creditors to have its $6,1 billion debt written off after completing an audit and validation of the debt last year, Finance and Economic Development Minister Pat...
THE economy is sliding towards deflation, a situation that could see overall output and competitiveness of industry being affected leading to a decline in employment levels, economists have warned.Def...
THE country's annual inflation shed 0,21 percentage points to end the month of December, 2013 at 0,33 percent due to the low level of growth in prices for goods which in turn implies that economic gro...