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IMF Staff adds voice to elimination of 10% trading margin

By Stephen Chandisareva HARARE – The International Monetary Fund (IMF) has joined local industrialists in calling for ditching the use of the official exchange rate with a capped margin of…

Power cuts cost 6.1% of Zim’s GDP per year – WB

By ETimes The World Bank (WB) estimates that power shortages are costing Zimbabwe 6.1% of its gross domestic product (GDP) annually. In its report titled Electrifying Growth Through Reliable and…

We stand ready to support you – IMF to Zim on new SMP

By ETimes The International Monetary Fund (IMF) says it stands ready to support Zimbabwe with its request for a new Staff Monitored Program (SMP) which was poised to begin in…

Elnino Threat: Over 20 million people will need food aid in Southern Africa

By ETimes At least 20 million people will require food assistance in southern Africa between January and March next year owing to El Nino’s adverse effects, the Famine Early Warning…

Marked growth in ZWL liquidity exerts pressure on exchange rates – Report

By ETimes While Zimbabwean dollar liquidity increased significantly in the market, IH Securities expects this upward trend to continue, putting continuous pressure on exchange rates. The weak local unit, known…

IMF staff tell Zim to accelerate FX market reform

By ETimes HARARE –   The International Monetary Fund (IMF) flagged the pressing need for Zimbabwe to immediately expedite forex market reforms in order to fully restore macroeconomic stability. It comes…

Zim GDP to grow but not at the most efficient pace – Report

By ETimes HARARE – Zimbabwe’s gross domestic product (GDP) will grow in the outlook, but not at the most efficient rate considering the aforementioned problems, a local research firm said.…

Shepco merger with Haggie Rand Zimbabwe approved

By ETimes In a bid to survive and not close doors Haggie Rand Zimbabwe, a steel wire manufacturer has seen Shepco Industrial Supplies acquire a significant chunk of ownership according to…

‘Policy fluidity will rouse temporary negative outcomes during realignment period’

By ETimes HARARE – First Mutual Holdings Limited says the strategic presumptions regarding the economic environment’s outcome have mainly not altered despite policy measures instituted in the first half of…

Equities, ZWL depreciates further

By ETimes HARARE – The bears strengthened its hold on the Zimbabwe Stock Exchange (ZSE) as the market extended its losing streak at the close of Tuesday’s trading, causing the…