Economy

Economy

THE tobacco selling season began yesterday, with the golden leaf selling for $4,50 per kg, almost double last year’s opening price of $2,50 per kg ...

A TEAM from the International Monetary Fund (IMF) will be in the country next week for the annual Article IV consultations and the final review of the economic supervised plan on Zimbabwe —the Staff Monitored Programme ...

THIS year is not going to be different from the previous two years as the economic fundamentals have not changed, observers have noted. ...

THE Zimbabwe National Chamber of Commerce (ZNCC) has begun consultations, collecting input for submissions into the 2016 National Budget ...

The International Monetary Fund (IMF) says Zimbabwe should prioritise clearing arrears to international financial institutions (IFIs) to be able to access new financing. ...

Zimbabwe and the European Union has signed five financial agreements amounting to €89 million ($97,9 million) under a fund by the European bloc to support the country’s efforts in implementing crucial political and economic reforms. ...

OURISM and Hospitality Industry minister Walter Mzembi has called for urgent policy reviews in order to stimulate the tourism sector and Zimbabwe’s economy ...

AUSTRALIAN Ambassador to Zimbabwe Mathew Neuhaus yesterday said Zimbabwe needs to urgently review its investment policies ...

A BUSINESS delegation from India is expected in Zimbabwe at the end of the month to explore investment and trade opportunities in the country. ...

ZIMBABWE’S economy is expected to grow by a marginal 1,5% this year, a local research firm, MMC Capital, has said ...

THE new Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has pledged to do his utmost to help address challenges facing the economy ...

A TOTAL of $22,8 million worth of shares have remained unclaimed and are now in the process of being transferred to custodians for safekeeping. ...

FINANCE minister Patrick Chinamasa has said for Zimbabwe to prosper economically, the country has to study and understand how other nations have managed to develop. ...

DEFLATIONARY pressures experienced in February will continue to affect the economy throughout the year due to an extending negative output gap, the Ministry of Finance has said. ...

A DELEGATION from the International Monetary Fund is expected to land in Harare today to carry out an annual Article IV consultation. ...

THE country’s inflation figures are projected to remain low due to the slowdown in the economy, a local analyst has said. ...

THE Zimbabwe Stock Exchange will remain pressured as the economy still lacks the impetus for growth, a local research firm has said. ...

GOVERNMENT requires $27 billion to implement the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZimAsset) in the next five years ...

THE Reserve Bank of Zimbabwe (RBZ) will from March this year resume its role as the banker of government as it moves to restore confidence in the financial services sector. ...

The Zimbabwe government should consistently implement its policies to rebuild investor confidence both within and outside the country ...

THE International Monetary Fund (IMF) has extended Zimbabwe’s Staff-Monitored Programme as the country seeks to resolve its huge external debt. ...

Zimbabwe is endowed with natural resources that are in abundance and these include rich mineral deposits, arable tracks of land, flora and fauna, abundant sunlight and water. ...

FINANCE and Economic Development minister Patrick Chinamasa will next Thursday face his first acid test since his appointment on September 10 ...

HARARE - Strong foreign investor interest on the Zimbabwe Stock Exchange (ZSE) has lifted the bourse to its best performance since dollarisation in 2009, analysts have said. ...

THE Zimbabwe Stock Exchange closed a bearish week in the red after losses across the board on Friday pushed the main industrials index down 1,67 points as bargain hunters swooped stocks. ...

ZIMBABWE requires a $22 billion stimulus package from international capital markets to ignite economic growth on the back of massive company closures and intense competition from regional peers, a local expert has said ...

THE government is working on a raft of incentives to attract more local companies into diamond cutting and polishing, as the country seeks to add value its natural resources. ...

THE Zimbabwe Multi Donor Trust Fund’s (Zimfund) water, sanitation and energy projects are expected to be complete by the first quarter of 2014, the African Development Bank (AfDB) has reported. ...

ZIMBABWE’S economy may take more time to recover despite overtures by government to relax indigenisation and empowerment regulations compelling foreign firms to sell controlling stakes to locals, an economic report has shown. ...

DISCUSSIONS on the progress of the International Monetary Fund (IMF), Staff-Monitored Programme (SMP) will continue until next month when the government will give a report, sources have said. ...