Zimbabwe’s economy shrunk by 7.5% in 2019 but could rebound by 2.7% in 2020, according to a new World Bank report.  This was the first time that Zimbabwe suffered a GDP contraction since 2008,...
In 2019, Zimbabwe was caught up in quite a spin, from the January riots, Mthuli Ncube’s policy upheavals, to the death of a dictator. Did any analyst, journalist or commentator at any one...
The World Food Programme (WFP) says it is rapidly expanding an already sizeable emergency operation in Zimbabwe where drought, flooding and economic meltdown have plunged 7.7 million people – half the population – into severe hunger.
Edgars says it is opening new stores despite falling consumer spending that resulted in a 23% drop in volumes in the months to September. Unit sales at Edgars stores were down 25% compared to...
Government last week published a Bill seeking Parliament’s condonation for four years’ worth of unauthorised expenditure amounting to US$9,678,603,044. Here, we explain what the ‘Financial Amendments Bill of 2019’ means.  Why...
The RBZ’s monetary policy committee, which sat on Friday, 15 November 2019 resolved to cut the Bank’s policy rate from 70% to 35% with effect from November 20, 2019, according to notes released by the central...
Finance Minister Mthuli Ncube has ended subsidies for maize and wheat, a move meant to cut costs, but set to further drive up the cost of staples for already pressed Zimbabwean consumers. Ncube...
Finance Minister Mthuli Ncube has tempered his economic growth expectations for 2020, forecasting the economy to recover 3%, lower than his initial projection of 4.6%. The economy is still expected to shrink by 6.5% this...
Mthuli Ncube has one job when he walks up to the mic in Parliament to present the 2020 budget; put money into the pockets of consumers. The Finance Minister will not have missed the news...
Zimbabweans are spending less on beer and soft drinks as inflation erodes incomes, according to the latest trading update from Delta, the country’s largest brewer and beverage maker. Drinkers consumed 40% less beer in the...
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