Russia’s Alrosa, the world’s largest diamond company by volume, has signed an MoU with state-owned Zimbabwe Consolidated Diamond Company (ZCDC) for exploration and development of diamond deposits in the country. Under the agreement,...
Civil servants will go on strike unless government raises salaries to the equivalent of US$475 for the lowest paid worker, union leaders said on Tuesday. Zimbabwean workers’ incomes have been eroded by resurgent inflation,...
Zimbabwe’s Transitional Stabilisation Programme (TSP) could solve the economy's “fundamental weaknesses”, but its is weighed down by the lethargy of President Emmerson Mnangagwa’s government on implementing pledged reforms, according a new assessment of the Zimbabwe economy by...
Costs are rising, investment is falling and customers are using less money on their cellphones, according to the latest quarterly report on Zimbabwe’s telecoms just released by the industry regulator. The latest report, for...
Zimbabwe owes US$196 million to the world’s airlines in unremitted ticket sales, and the International Air Transport Association (IATA) has warned President Emmerson Mnangagwa that the debt could force operators to reduce flights into the country.  
Public sector workers have rejected a government offer of ZWL$180 million in added pay for the July-December period as inadequate in the face of soaring inflation, a union official said. Zimbabweans are angry as...
Zimbabwe may consider withdrawing from the Convention on International Trade in Endangered Species because the organization won’t allow it to sell its ivory stockpile. The southern African nation with the world second-largest population of...
Zimbabwe’s trade deficit narrowed significantly in the first three months of 2019, following a 6% increase in exports as well as the imposition of measures to throttle imports. Finance Minister Mthuli Ncube, who is...
The International Monetary Fund (IMF) has just released a report on Zimbabwe. In the report, the IMF acknowledges the commitment by President Emmerson Mnangagwa’s government to stabilise Zimbabwe’s economy. The Fund...
HARARE (Reuters) - Zimbabwe will not borrow externally and will cut reliance on the central bank to finance deficits during an IMF staff-monitored programme in a bid to set a track record of fiscal discipline that could...
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