Samuel Mapuranga
The outbreak of coronavirus named COVID-19 has disrupted the global economy. Evolution of the disease and its economic impact is highly uncertain, which makes it difficult for policymakers to formulate an appropriate macroeconomic policy response.
In essence, even a...
HARARE – (FinX) Finance and Economic Development Minister Mthuli Ncube has unveiled a $63.6 billion expenditure budget but with revenue of$ 58.6 billion, a deficit of around 1.5% of GDP is expected. In US dollars, the expenditure is at...
By Talkmore Gandiwa
Zimbabwe is set to increase cement production by 185.7% to one million tonnes by year's end from the current production capacity of 350 000 annually, President Emmerson Mnangagwa has said.
Commissioning the phase two of a new Vertical...
HARARE – Listed packages manufacturer, Nampak Zimbabwe says while there has been an improvement in foreign currency availability through the auction system and from customers, limitations and delays in disbursements continued to have the effect of creating imbalances within...
A group of African banks has signed a US$194mn senior debt facility to rehabilitate the Beitbridge border post, a crossing that connects Zimbabwe and South Africa.
Rand Merchant Bank (RMB) acted as co-ordinating bank and sponsors’ advisor and, along with...
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...
HARARE - Zimbabwe has recorded a 3% increase in gold earnings in the four months to April at US$297.46 mln from US$289.52 mln recorded in the same year ago period.
Latest figures show that April earnings increased 53% to US$97.06mln...
Ministry of Women Affairs, Community, Small and Medium Enterprises Development, in partnership with the National Economic Consultative Forum will host the inaugural Women Empowerment Summit and Expo
The two-day summit will run under the theme “Revitalising Economic Growth through Women...
Farai Mabeza
The Reserve Bank of Zimbabwe’s Financial Intelligence Unit has directed all banks to temporarily review all ZIPIT transaction limits downwards to $20 000 per day and $100 000 per month to curb illicit foreign currency trading. This comes...
Former Finance Minister in the Government of National Unity (GNU) and Vice President of Citizens Coalition for Change (CCC) Harare East legislator, Hon Tendai Biti says the Zimbabwe dollar-indexed 2023 national budget announced by Finance Minister Mthuli Ncube is...
