Third quarter sees growth rate in value added products
THE third quarter of 2023 recorded a growth rate in value added products of 1,3 percent from the second quarter 2023, said the national statistics agency, ZimStats. The country has … Read More
Category: Economy
Economist commends Finance Minister
AN Economomist has commended the Minister of Finance, Economic Development and Investment Promotion Professor Mthuli Ncube for revising downwards the proposed passport and toll fees, which come into effect on … Read More
Energy deficit costs Zimbabwe 6pc of Gross Domestic Product
POWER shortages, that have bedevilled Zimbabwe for years, cost the country a total of 6,1 percent of Gross Domestic Product per year and the southern African country will require billions … Read More
US$3 billion deal set to boost Zim economy
Zimbabwe has signed a memorandum of understanding with One World Group, a company based in the United Arab Emirates, which will invest US$3billion in the initial phase of its activity … Read More
COP28 latest: Fossil fuel transition deal quickly adopted
A global transition away from fossil fuels was adopted within minutes of the start of the final session of the COP28 summit, making it the first time such language has … Read More
Zimbabwe Records 8.1 percent export growth in first nine months of 2023
ZIMBABWE experienced an 8.1% growth in exports during the first nine months of 2023 compared to the same period last year, according to ZimTrade. The country’s exports reached US$5.16 billion … Read More
Power cuts costing Zim US$1,2bn: WB
THE World Bank has urged the government to address the country’s energy deficit after estimating that power cuts are costing the economy at least US$1,27 billion annually. In its fourth … Read More
Zim’s upper-middle-income vision off the rails: Economist
According to the World Bank, middle-income countries are divided into two categories: Lower-middle-income economies with gross national income per capita within the US$1 036 and US$4 045 range, while upper-middle-income economies have … Read More
Business gives economy thumbs down
CHIEF executive officers and senior executives have given a vote of no confidence regarding the economy, recent data from the CEO Africa Roundtable’s Business Confidence Index (BCI) shows. This low … Read More
Zimbabwe named climate change champion at COP28
ZIMBABWE had been named among individual countries with strong support networks and experts around climate change mitigation activities. In 2010 Zimbabwe was in the top 10 of countries with transparency … Read More
