‘Improve quality of products’
THE continuous improvement in the quality and number of Zimbabwean products in the export market is envisaged to assist the country to fully participate in the African Continental Free Trade … Read More
Category: Economy
Zimdollar dips on forex markets
THE United States Agency for International Development (USAID) has reported a 6% and 9% depreciation of the local currency against the greenback on the official and parallel forex markets, respectively, … Read More
‘Zim must prioritise industrialisation’
ZIMBABWE needs to give priority to industrialisation and diversifying its productive capacities to mitigate the risk of becoming dependent on imported commodities, a government official has said. Speaking at the … Read More
Zim attracts record quarterly investments
Zimbabwe continues to attract investor interest from across the globe with the Zimbabwe Investment and Development Agency (ZIDA) issuing the highest number of new licences per quarter since 2022. Presenting … Read More
IMF tells Zim to accelerate reforms
The International Monetary Fund (IMF) flagged the pressing need for Zimbabwe to immediately expedite forex market reforms in order to fully restore macroeconomic stability. It comes as policymakers have been … Read More
Oramah says unity to cement Africa, Caribbean ties
Afreximbank president and chairman of the board Benedict Oramah said on Monday that Africa and the Caribbean must combine forces to confront the challenges in the horizon, signalling the bank’s … Read More
US sanctions embargo 21 local banks
Zimbabwe says the economic embargo imposed on the country at the turn of the millennium, has incapacitated the domestic financial system as only six out of 27 Zimbabwean banks are … Read More
Solid growth of indigenous businesses drives sanctions busting
ZIMBABWE has been busting the illegal sanctions through industrialisation fronted by indigenous businesspeople who have been setting up solid companies in areas such as construction, tourism and mining thereby creating … Read More
Zim’s trade deficit narrows
Zimbabwe’s trade deficit for the nine months to September 2023 narrowed to US$94,2 million, representing a 44,7 percent improvement compared to a deficit of US$170,3 million in August 2023. According … Read More
IMF calls for acceleration of reforms
The International Monetary Fund (IMF) says Zimbabwe should accelerate foreign exchange market reform by allowing more flexibility in the official exchange rate through market-driven price discovery. It also calls for … Read More
