Annual inflation seen below 5%
ZIMBABWE’S annual inflation — currently sitting at 55,3% —is seen falling to below 5% once the supplementary support measures in the new monetary policy framework have been implemented, Reserve Bank … Read More
Category: Economy
Zim seeks US$2b to avert famine
PRESIDENT Emmerson Mnangagwa on Wednesday extended the begging bowl to raise over US$2 billion to avert starvation in Zimbabwe after declaring the El Niño-induced drought a state of disaster. The … Read More
NMB in bid to finance key sectors of economy
NMB Zimbabwe is partnering with the Government and international financial institutions to enhance its credit lines in a bid to finance key sectors of the economy. In the 2023-24 summer … Read More
Exports up by 19,3 percent
ZIMBABWE’S exports grew by 19,3 percent in February to US$ 644 million when compared to US$539,9 million recorded in January 2024, official statistics show. The positive performance is in line … Read More
Zimbabwe’s inflation shows signs of slowdown, but annual rate remains high
Zimbabwe’s latest inflation figures offer a mixed bag of news. While the month-on-month inflation rate dipped slightly in March 2024 compared to February 2024, the annual inflation rate remains stubbornly … Read More
African ministers target to push infrastructure development agenda
African ministers, Zimbabwean included, a fortnight ago discussed regional collaboration on infrastructure development during a leaders meeting at the Sustainable Infrastructure Development Symposium (SIDSSA) 2024 in Cape Town, South Africa. … Read More
Zim needs strong disaster management
ZIMBABWE will need strong disaster management to improve agricultural productivity in the face of El Nino weather phenomenon and impending global risks, the National Competitiveness Commission (NCC) has said. The … Read More
Workers bear brunt of economic instability
Workers in Zimbabwe have bemoaned rising cost of living as the local currency’s value continues on a free fall. Zimbabwe has been witnessing a wave of rising inflation and sharp … Read More
Zim’s precarious perch: reliance on commodities as revenue crisis looms
Zimbabwe’s overdependence on mineral export revenue leaves it vulnerable to fluctuations in global market prices, compromising the government’s revenue position. The country produces a number of mineral commodities, which are, … Read More
Masvingo sees positive impact from developments
MORE than 60 boreholes have been rehabilitated in Masvingo Central constituency with several schools and homes connected to electricity as the Second Republic walks the talk in driving sustainable development … Read More
