economy

Zimbabwe’s Finance Ministry Urges Patience Over Economic Measures

Zimbabwe’s Deputy Finance Minister, Kudakwashe Mnangagwa, has appealed for patience from lawmakers as the government finalizes its new exchange rate management system, amid growing concerns over inflation and the depreciating value of the local currency. Speaking in the National Assembly, Mnangagwa faced

March 16, 2024

Zimbabwe

Zimbabwe should adopt the rand, says ex finance minister Tendai Biti

Zimbabwe should adopt the rand as its currency, one of a series of fundamental reforms needed to restore economic stability in the country, says the country’s former finance minister, Tendai Biti. His call is an endorsement of the government’s efforts to link

February 10, 2019

Zimbabwe

BREAKING : The Reserve Bank of Zimbabwe has suspends four directors

The Reserve Bank of Zimbabwe has suspended four directors to pave the way for investigations into corruption claims made by Acie Lumumba, the Finance Ministry’s new communications The Governor said once investigations have been concluded, the public shall be advised of the

October 22, 2018

Zimbabwe

Zimbabwe’s economy is collapsing: why Mnangagwa doesn’t have the answers

Robert Rotberg, Harvard University When President Emmerson Mnangagwa campaigned in July for Zimbabwe’s presidency, he promised to be a business friendly leader, and to return his country’s economy to twentieth century times of plenty and prosperity. But Mnangagwa has already shown himself

October 21, 2018

Africa

Africa ‘not investing in its young people’

Africa, the continent with the fastest growing population, is doing worst when it comes to investing in young people. The World Bank has just published its Human Capital Index, which is seen as a new way of measuring economic success and gauges how

October 11, 2018

Zimbabwe

Zimbabwe economy to grow by 6 percent

Zimbabwe’s economy will grow by 6.3 percent this year driven mainly by agriculture and mining, the finance minister said Monday, as the government seeks to boost growth after the fall of Robert Mugabe. President Emmerson Mnangagwa, who was elected in a disputed

October 1, 2018

Australia·Zimbabwe

Zimbawe’s tobacco sales hit new record of 237.1 million kilograms

ZIMBABWE tobacco sales have hit a record 237.1 million kilograms according to official data presented last Friday by the Tobacco Industry and Marketing Board (TIMB). Tobacco is Zimbabwe’s highest foreign currency earner followed by gold. In 2017 tobacco exports topped $900m, which

July 22, 2018

Zimbabwe

ZIMBABWE : Chiwenga seals $1.2 billion investment deal with South African businessman

Acting President Retired General Dr Constantino Chiwenga has met with the visiting South African businessman Mr Robert Gumede at his Munhumutapa offices in Harare today. The businessman owns several businesses in South Africa in several sectors, including infrastructure and construction, property holding

January 16, 2018

South Africa

Guptas seek to shift tens of billions out of South Africa

The Gupta family wants to move tens of billions out of South Africa to the United Arab Emirates, The Sunday Times reported. According to the report, the controversial family wants to benefit from a new treaty between South Africa and “the Middle

July 23, 2017

US & Canada·Zimbabwe

United States Bars its Citizens From Using Troubled Air Zimbabwe

The United States embassy in Zimbabwean capital Harare has reportedly barred its citizens and staff from traveling on the southern African country’s troubled national airline, Air Zimbabwe, citing safety concerns. According to NewsDay, the US embassy spokesperson David McGuire said in a

June 6, 2017

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