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With a wary eye on COVID-19, the International Monetary Fund (IMF) has forecast a more optimistic 5.5% expansion of the global economy this year. The upward revision in the IMF's latest World Economic Outlook published Tuesday is 0.3 percentage point...
Sydney Kawadza Zimbabwe and Zambia should expect spending millions of United States dollars in regular repairs, rehabilitation and maintenance at the Kariba Dam, which has reached an advanced age of 60 years. The aging dam, which is one of Africa's largest...
Tapiwanashe Mangwiro  HARARE – Foreign Direct Investment (FDI) to Sub-Saharan Africa fell by 11% to US$28 billion in 2020 due to the Covid-19 pandemic, according to the United Nations Conference on Trade and Development (UNCTAD). This comes after the region’s...
Davison Kaiyo The Zimbabwe Statistics Agency (ZimStat) has changed the dates for publication of the Consumer Price Index following the completion of the computerisation of the agency. ZimStat announced in a statement Friday the information will now be available in the...
  Marc Holtzman There is no better time for the United States to reset relations with a foreign country than at the change of an administration. While the new president, Joe Biden, will no doubt have a busy agenda, a key...
HARARE – The Reserve Bank of Zimbabwe held its weekly foreign currency auction today, which saw the local currency break its depreciation trend against the US dollar albeit marginally, as it gained 0.01% to 82.0833 from 82.0914 at today’s...
Tapiwanashe Mangwiro HARARE - In the just started 2021/30-decade, fossil fuels (coal, oil, gas) will continue to lose global market share as the world energy supply and demand transition to low carbon renewable energy (wind, solar, geothermal, nuclear etc). Global energy...
HARARE - The country's poverty datum line rose 5.5% to $4 670.04 in December from $4 425.64 the previous month. This means that a person required $150 or US$1.84 per day to purchase both non-food and food items in...
Tapiwanashe Mangwiro HARARE - Last week the price of Brent crude oil suddenly spiked to $55 per barrel after a gradual price increase from below $40 in November last year. For a long time persistently above $100 before they crashed...
Tapiwanashe Mangwiro HARARE – The average Zimbabwean needed at least $4 426 not to be considered poor in November 2020. This translates to US$1.80 per day and this is a significant improvement from October 2020 levels of US$1.53 but still...

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