JOHANNESBURG/LONDON (Reuters) – Prices of cooking oil and other basics soared in Zimbabwe as inflation nearly doubled in June, data showed on Monday, piling pressure on a population struggling with… Read more »
Harare, Zimbabwe – The spectre of hyperinflation is looming over Zimbabwe again, a decade after runaway prices forced the country to abandon its currency. Annualized inflation in Zimbabwe surged to… Read more »
Pensioners are set to start receiving inflation-adjusted pay-outs, as the National Social Security Authority (NSSA) starts reviewing the compensation framework. The latest recorded year-on-year inflation rate stood at 97,85 percent… Read more »
Finance minister Mthuli Ncube says Zimbabwe’s economy will flat-line this year, narrowly skirting recession in the face of growing headwinds. Initial forecasts had suggested that the economy would grow by… Read more »
Zimbabweans in the Diaspora are critical in economic transformation and should consider taking up abundant investment opportunities back home to develop the country, Environment, Tourism and Hospitality Industry Minister Prisca… Read more »
The use of antiquated machinery coupled with shortages of both foreign currency and electricity will derail the country’s potential to achieve export-led industrialisation as highlighted in its recently launched industrial… Read more »
Zimbabwe will need as much as US$43 billion in the next decade to revamp infrastructure to achieve sustainable levels of economic growth, according to the African Development Bank. The water… Read more »
The country’s trade deficit narrowed by 72,7 percent between February and May this year to $300 million from $1,1 billion during the comparable period last year, official data from the… Read more »
THE regional market is ripe for Zimbabwean exports and local producers need to improve the quality of their output to enhance their competitiveness. Trade development and export promotion agency, ZimTrade’s… Read more »
THE reforms being implemented by Government to improve business environment will in short to medium term unlock funding for the economy, a report by the African Development Bank has said,… Read more »
