Call for value addition as trade deficit widens
Zimbabwe’s trade deficit for the six months to June has widened to US$1. 058 billion prompting calls for value addition in order to increase value of exports and reduce imports. … Read More
Category: Zimbabwe
Inflation drops
Zimbabwe’s annual inflation eased to 101,3 percent in July from 175,8 percent in the prior month as the local unit continued to firm against the United States dollar and riding … Read More
Zimbabwe not affected by Black Sea deal
Ministry of Lands, Agriculture, Water, Fisheries and Rural Development has said the country is food secure and is not at risk of the collapsed Black Sea Grain Deal. The Black … Read More
Zim draws-down US$857 million in SDRs
Zimbabwe has drawdown US$857 million in Special Drawing Rights (SDR) from the International Monetary Fund (IMF), according to a schedule released by the Treasury. The money was part of the … Read More
Demand for support infrastructure increases as key economic sectors grow
The massive transformation and growth of the mining and agriculture sectors under the Second Republic has piled pressure on the existing transport infrastructure amid calls for enhanced rehabilitation, maintenance and … Read More
Projected 6pc GDP growth unattainable
The Wholesale & Retail Trade sector consolidated its position as the biggest contributor to the country’s GDP in the first quarter of the year, despite the suffering decreases in all … Read More
FDI into Zim jumps 189pc in Q2
Zimbabwe saw a significant jump in investments in the second quarter of the year with the mining sector attracting most of the investments. According to the second quarter (Q2 2023) … Read More
Prudent liquidity management crucial to deal with inflation, rates volatility
Prudent liquidity management remains key to taming inflation and exchange rate volatility in the short to medium term, according to FBC Securities. This comes as the economy has witnessed continued … Read More
Zim economic growth, can it surpass 2022 target?
Zimbabwe’s economy grew by 6,5 percent last year, but experts are cautiously optimistic of surpassing the 3,8 percent target for 2023, as the year so far has had its fair … Read More
Annual GDP up 6,5 percent — ZimStat
THE country surpassed its projected gross domestic product of 5,5 percent last year as it registered 6,5 percent growth with agriculture, mining, manufacturing, wholesale and retail, and finance and insurance … Read More
