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  • Price pressures will ease back in 2023 in all African states except Zim: EIU

Price pressures will ease back in 2023 in all African states except Zim: EIU

By ETimes The Zimbabwean dollar will be among the weakest currencies in the world next year, a new report shows. Since May, the southern African nation has instituted a number…

Successful Women in Finance round table attracts top female execs

Top female executives strongly deliberated on efforts to increase women and women-led businesses and start-ups’ access to finance at the successful Women’s Network and Women in Leadership Roundtable held on…

Mining sector exports poised to reach US$5.3bn by year end

By ETimes The mining sector’s export revenue totaled US$4.5 billion in the first 10 months of 2022 and the mining sector has financed 70% of the country’s imports over the…

High interest rates risk pushing the economy into recession, experts say

By ETimes The economy may be edging toward a recession occasioned by high interest rates that are slowing aggregate demand, said former Finance Minister Tendai Biti. In September 2022, the…

Weaker Rand sends mixed feelings in the economy

By 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 and…

Zimbabwe’s foreign currency receipts up 38% in first 9 months

…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 during…

World Economy volatile and growth to slow in 2023

By 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 a…

Imara says more companies are likely to change their functional currency to USD

By 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, says…

FBC Securities says growth to be lower than 4.6%

By 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 global…

4 in 10 youths were unemployed in Q2: Report

…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 capitalisation…