Zimbabwe Sees 9.5% Increase in Forex Receipts
By ETimes HARARE – Zimbabwe’s foreign currency receipts have increased by 9.5% to US$6.15 billion in the first half of 2024 from US$5.61 billion in the comparable period last year,…
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…