20 C
Harare
Sunday, January 24, 2021
Petrol increased by 4.8% to ZWL$18.28, diesel increased by 9% to ZWL$19.55The increase in fuel prices trigger an increase in the price of other goods and services thus further eroding household earningsGovernment’s projection of single digit inflation by end of the first quarter highly unconvincing Harare –...
In a recent interview with a local radio broadcaster, Minister Ncube maintains that 2020 GDP will grow by 3%In a recent interview with a local radio broadcaster, Minister Ncube maintains that 2020 GDP will grow by 3%In his 2020 National Budget, Minister Ncube says economic growth will be anchored on...
2020 has started with an economy reeling from a carryover of 2019 economic meltdown reflected by fuel shortages, foreign currency shortages, depreciating local currency and biting power cutsLabour unrest and an unstable political environment reflects 2019 outturnsThe country highly likely to record successive GDP contractions ‘Tomorrow’s progress...
Power outages resulted in output losses of around 20%Cumulative gold output at 21 971 kg was below the 2018 average output of 29 524 kgGovernment was in 2019 targeting a 28% increase in mineral export earnings to US$4,2 billion from US$3,2 billion Zimbabwe’s mineral output fell by huge...
France warns the US of EU retaliation on US’s French digital tax responseUNCTAD discourages digital tax in KenyaDigital tax hampers Uganda’s economic growth2% digital tax has affected growth of Zim economy France has warned the US that it will face retaliation from the EU if it tries to impose...
The Zim dollar continued to weaken against the American dollar on the Interbank closing at ZWL16.48, a 0.2% decline versus yesterday’s ZWL16.44. While the market was set-up to formalize forex trading, it has not yet proved to be fluid enough and continues to see suppressed trading and the parallel market...
Harare- Lafarge Cement Zimbabwe Limited remains hopeful in terms of beating the pressures of the current economic environment despite a 19% decline in the year to date cement consumption per capita recorded in the third quarter compared to the same period last year.
Harare – All funeral assurers continue to be non-compliant with the minimum Prescribed Asset (PA) ratio of 10.00% as announced in the 2019 National Budget Statement, the latest industry report has shown. In its latest industry report for the second quarter ended 30 June 2019 covering...