WB trims Zim’s 2025 growth forecast by 0.2 percentage points
TweetShareSharePin0 SharesBy ETimes HARARE – The World Bank (WB) has revised downward its 2025 economic growth projection for Zimbabwe to 6.0%, from the 6.2% forecast it issued in January this…
RBZ Projects Return To Inflation Stability By Year-End
TweetShareSharePin0 SharesBy ETimes HARARE – ZIMBABWE’S economy is poised for greater stability, with the central bank projecting a sharp drop in annual inflation from the fourth quarter of this year.…
Afrobarometer Sounds Alarm on Zimbabwe’s Rising Poverty Levels
TweetShareSharePin0 SharesBy ETimes HARARE – Zimbabwe is experiencing a worrying surge in severe lived poverty, according to recent findings from Afrobarometer’s latest report. The data reveals that many Zimbabweans are…
Power cuts cost 6.1% of Zim’s GDP per year – WB
TweetShareSharePin0 SharesBy 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…
We stand ready to support you – IMF to Zim on new SMP
TweetShareSharePin0 SharesBy 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…
Elnino Threat: Over 20 million people will need food aid in Southern Africa
TweetShareSharePin0 SharesBy 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…
Marked growth in ZWL liquidity exerts pressure on exchange rates – Report
TweetShareSharePin0 SharesBy 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,…
IMF staff tell Zim to accelerate FX market reform
TweetShareSharePin0 SharesBy 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…
Zim GDP to grow but not at the most efficient pace – Report
TweetShareSharePin0 SharesBy 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…
Shepco merger with Haggie Rand Zimbabwe approved
TweetShareSharePin0 SharesBy 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…