Weaker Rand sends mixed feelings in the economy
TweetShareSharePin0 SharesBy ETimes South Africa is Zimbabwe’s biggest trading partner and the rand has plunged to an all-time low breaching 18 to the dollar on the back of rising inflation…
Zimbabwe’s foreign currency receipts up 38% in first 9 months
TweetShareSharePin0 Shares…seen rising between $11-12bn in 2022 By ETimes Foreign currency receipts in Zimbabwe have increased by 38% to $8.4 billion over the past nine months, compared to $6.1 billion…
World Economy volatile and growth to slow in 2023
TweetShareSharePin0 SharesBy CNBC The International Monetary Fund predicts global growth will slow to 2.7% next year, 0.2 percentage point lower than its July forecast, and anticipates 2023 will feel like…
Imara says more companies are likely to change their functional currency to USD
TweetShareSharePin0 SharesBy ETimes A number of Zimbabwean companies are likely to switch to the greenback as the functional currency as the majority of their revenues are now in US dollars,…
FBC Securities says growth to be lower than 4.6%
TweetShareSharePin0 SharesBy ETimes FBC Securities said the country might be entering a recession which will affect the revised growth target set by the Treasury in its mid-year budget review. The…
4 in 10 youths were unemployed in Q2: Report
TweetShareSharePin0 Shares…as stocks begin the week on a low note The local bourse on Monday lost 0.25%, extending bearish sentiment to three consecutive trading sessions. As a result, the market…
Fibro Contracting applauds construction drive for better business
TweetShareSharePin0 Shares Fibro Contracting has applauded government on their ‘Open for Business’ mantra as they have seen an increase in business in the past two years. The company said construction…
Inflation subsides in September
TweetShareSharePin0 SharesBy ETimes The Zimbabwe Statistics Agency (ZIMSTAT) said the country’s month – on – month and annual inflation cooled down in the month of September as food inflation slowed…
Govt renegotiating contracts to weed out economic hitmen
TweetShareSharePin0 SharesBy ETimes Government through the Treasury, said it is now very strict in enforcing measures to enhance economic stability after the persistent rottenness in the market regarding pricing by…
Zimbabwe’s economy resilient despite high uncertainty: IMF Staff
TweetShareSharePin0 SharesBy ETimes Zimbabwe’s economy has proven to be resilient in the face of large shocks, said the International Monetary Fund (IMF) while warning that uncertainty still prevails. In order…