Economy

Economy

Zimbabwe passes first IMF programme assessment, but risks remain

THE International Monetary Fund (IMF) has completed the first review of Zimbabwe's 10-month Staff-Monitored Programme (SMP), projecting continued single-digit inflation while warning that economic risks remain. The milestone, approved by...
Economy

Least paid mine worker to earn US$418 as new wage agreement takes effect

The lowest-paid employee in Zimbabwe's mining sector will now earn a minimum monthly salary of US$418 following the...
Economy

Is Zimbabwe’s economy finally turning a corner? Experts weigh in

Forbes Africa After years of runaway inflation and monetary instability, Zimbabwe is showing signs of macroeconomic recovery. The question...
Economy

Zimbabwe insists on 2027 lithium concentrates export ban deadline despite extension plea from miners

Xinhua Zimbabwe will stick to the 2027 deadline for lithium producers to set up beneficiation plants, with those unable...
Economy

Zimbabwe eyes bigger share of regional market as intra-SADC trade remains low

ZIMBABWE has outlined plans to capitalise on the low levels of intra-SADC trade, which currently account for just...

Zimbabwe’s sovereign credit risk profile improving: finance minister

Business Gilbert Nyambabvu Gilbert Nyambabvu -
By Xinhua HARARE: Zimbabwe's sovereign credit risk profile is improving as shown by a number of foreign banks that are extending loans to the country,...

IMF commends Zim for launching data sharing portal

Business Gilbert Nyambabvu Gilbert Nyambabvu -
By Alois Vinga THE International Monetary Fund (IMF) has hailed Zimbabwe for implementing the recommendation to establish the Enhanced General Data Dissemination System (e-GDDS) which...

RBZ Auction allots US$20 million as tobacco sales expected to boost liquidity

Business Gilbert Nyambabvu Gilbert Nyambabvu -
By Alois Vinga THE Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction this week allotted a total US$20 million amid expectations that the commencement of...

Govt offers new terms for $3.5bn deal with white farmers

Business Gilbert Nyambabvu Gilbert Nyambabvu -
By Bloomberg News Zimbabwe has offered to settle a $3.5 billion land compensation deal over 10 years, the latest change to an agreement signed in...

Treasury launches special fund to boost gold production

Business Gilbert Nyambabvu Gilbert Nyambabvu -
By Xinhua HARARE: Zimbabwean Finance Minister Mthuli Ncube on Wednesday launched a 10-million-U.S.-dollar revolving facility to support value addition and beneficiation by artisanal and small-scale...

Export earnings hit US$7,4 billion, manufacturing sector improving

Business New Zimbabwe New Zimbabwe -
By Alois Vinga EXPORT earnings received by Zimbabwe in 2022 reached US$7,4 billion anchored on mining and tobacco farming with the manufacturing sector registering slow...
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