IF STATISTICS are to be believed, eight in 10 Zimbabweans are unemployed. As at 2010, only 0,9 million people were recorded as being in formal employment. To put it in perspective (using a rather dramatic example), the total number of … Read more
Budget
LATEST POSTS
Economy operating below capacity
IN FEBRUARY 2009, Zimbabwe’s bickering political parties formed a three-party coalition government underwritten by the African Union, a marriage of convenience following a disputed election. The economy, described then by Economist’s Economic Intelligence Unit as ‘the worst in the world’ … Read more
The case for a Zimbabwe Diaspora bond
ZIMBABWE’S Finance Ministry should be commended for launching a consultation programme intended to seek stakeholder participation in the drafting of a broad-based 2012 budget. Faced with a projected year end fiscal deficit of $700 million and a debt overhang of … Read more
National Budget: nation watches, uncomprehending
WHY do we dread budget time? Is it because there is little good news, if any, that comes out of such an exercise, particularly when it comes to helping the poor in times of economic hardship? The national budget will … Read more
Zimbabwe: a nation of dealers
FINANCE Minister Tendai Laxton Biti [who coincidentally was my roommate at the University of Zimbabwe] recently presented his mid-term budget review. The gist of that presentation to an expectant nation, besides revealing little on where the diamond ‘moola’ was going, … Read more
Thumbs up to gold-backed Zim dollar
RESERVE Bank Governor Gideon Gono’s proposal this week for the introduction of a gold-backed Zimbabwe dollar is an idea whose time has come. If implemented properly, the gold-backed local currency will resolve the liquidity crisis currently ravaging the sanctions-hit economy. … Read more
