Inflation races to 13 months high
Zimbabwe’s economic struggles continued to deepen in February 2024 as the country grappled with its highest inflation rate in 13 months. This concerning development coincided with a sharp decline in … Read More
Category: Zimbabwe
Zim debt now about US$23 billion
European Union (EU) Ambassador to Zimbabwe Jobst von Kirchman says the country now owes US$18,7 billion in external debt, placing its total public debt to about US$23 billion. As of … Read More
Zim needs to ramp up manufacturing: AfCFTA
Buy Zimbabwe, an initiative to promote consumption of local products, says Zimbabwe should ramp up its manufacturing capacity to withstand competition and tap into opportunities under the African Continental Free … Read More
‘No hurry to rejoin London Bullion Market Association’
ZIMBABWE cannot be hurried to seek re-admission to the London Bullion Market Association (LBMA) from which it was suspended in 2008 as the country is presently trading its gold to … Read More
154 million substandard imports rejected
THE Consignment-Based Conformity Assessment (CBCA) is yielding tangible results as over 154 million assortments of products that do not meet set importation standards have been rejected from entering Zimbabwe since … Read More
Food security situation set to worsen
ZIMBABWE’S food security situation could worsen as the World Food Programme (WFP) predicts normal to below normal rainfall for the period February to April 2024, owing to the El Nino-induced … Read More
Deal with currency issue, IMF tells Zim
THE International Monetary Fund (IMF) has implored the government to remove the 10% trading margin on domestic transactions, saying the policy was causing exchange restrictions and distortions. Speaking to the … Read More
Economy edges towards full dollarisation
THE economy is edging closer to full dollarisation amid reports that the informal sector is rejecting the dual pricing regime, exclusively selling in the United States dollar. Latest figures released … Read More
Rise in food prices impoverishes 50 percent of citizens
Putting food on the table is becoming increasingly difficult for Zimbabweans, with a staggering 56 percent of households reporting an unsustainable spike in the prices of essential commodities, according to … Read More
Navigating the complex terrain of recent economic developments
Schweppes Holding Africa Limited is one of the local companies that have managed to successfully penetrate regional and international markets.Note from ZNCC The global economic landscape remains fraught with persistent … Read More
