Zimbabwe in costly debt penalties
Zimbabwe is paying a whopping 6,3 percent interest penalty on its external debt, a situation that has exacerbated the country’s debt overhang. According to latest figures from the Treasury, the … Read More
Category: Zimbabwe
Top risks Zim faces in 2024
As the year 2024 begins, Zimbabwe finds itself at a critical juncture facing a multitude of challenges that threaten economic stability. From high levels of inflation, amid a fast depreciating … Read More
‘Fiscal discipline vital in taming exchange rate volatility’
ECONOMIC commentators say fiscal discipline and addressing money supply in the economy are a vital cog authorities should embrace to address the exchange rate volatility, an albatross which the country … Read More
Agric, mining to anchor 2024 economic growth
MINING and agriculture are projected to remain key drivers of Zimbabwe’s economic growth this year despite the adverse impact of external shocks and the potential negative effect of the El … Read More
Food inflation hits consumers
ZIMBABWE’S food inflation for December jumped by 21% from the November rate following a wave of price hikes of most basic commodities ahead of the festive season. According to a … Read More
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
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
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
