PRETORIA – Gross Domestic Product in southern Africa is expected grow by around 2.2 percent in 2019 from 1.2 percent last year, the lowest pace of expansion on the continent, the African Development Bank said […]
GENEVA – Government policies in Zimbabwe are worsening the country’s economic crisis, causing immense hardship to those less well-off, and crushing the human rights of those who dare complain, a group of UN experts* has […]
HARARE (Reuters) – Zimbabwe’s finance minister on Wednesday accused local businesses of profiteering for linking price increases of basic goods to exchange rate movements of a new transitional currency. Since the RTGS dollar was introduced […]
A team from the International Monetary Fund (IMF) is in the country for a second staff-monitored programme (SMP) that seeks to consider possibilities of opening new credit lines to Zimbabwe. The IMF has over the […]
WASHINGTON (AP) — The head of the 189-nation International Monetary Fund said Tuesday the global economy is at a “delicate moment” with a hoped-for rebound in growth later this year being threatened by a variety […]
The RESERVE Bank of Zimbabwe (RBZ) expects inflation to tumble significantly to less than 15% this December, indicating that threats of receding to hyperinflation were remote. Last month, inflation was at 59,4% according to government […]
Prices of mostly basic commodities have significantly gone up over the past month, with analysts blaming it on exchange rate developments. A survey by the Daily News yesterday showed that prices of basics have gone up […]
Towering piles of oil, tyres, biscuits, microwaves and toilet paper filled a small and damp Johannesburg basement — all destined for Zimbabwe. The items are loaded onto trailers attached to minibuses which make the 550-kilometre […]
Internationally acclaimed local economist Tony Hawkins says Zimbabwe’s economic revival hinges on the building of consensus between the ruling Zanu PF and the country’s main opposition, the MDC. Hawkins, an economics professor who founded the Graduate […]
It is now 5 weeks since the Monetary Policy was announced on 20 Feb. During this period, as we foresaw market disequilibrium has increased with the parallel exchange rate firming up to 4.5.T he fixed […]
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