Government officials don’t like it when they are reminded that they are known for policy inconsistency. Yet, by sending unsure signals on the future of its currency policy, government is not exactly going out of its way...
By Ray Ndlovu
Years of mass migration from Zimbabwe has gained fresh impetus as an economic meltdown continues unabated, further denuding the country of the scarce skills it needs to engineer a turnaround.
This season's expected drought and a dip in commodity prices will cut economic growth to 3.5% from the projected 5.3% in 2023, Finance Minister Mthuli Ncube says.
The IMF this week forecast economic growth...
The European Union Election Observer Mission was one of the largest observer missions to Zimbabwe’s August election. In its report, the mission said Zimbabwe’s election had fallen short of regional and global standards. The EU then announced...
The Zimbabwe government says mining is booming, but the industry says it is under growing pressure from the threat of weak global metal prices and rising costs at home.
According to the Chamber of...
Pacific Cigarette Company (PCC) says it has gone into voluntary business rescue after the Zimbabwe Revenue Authority (ZIMRA) hit it with a tax bill of over US$19 million.
The company, once known as Savanna,...
In 2017, when Barclays decided to sell its Zimbabwe business to FMB Capital, a foreign bank, the deal became political fodder.
At a rally, Kudzanai Chipanga, then leader of ZANU PF’s youth league,...
The state enterprises under the Mutapa sovereign wealth fund still have to comply with procurement rules despite an exemption issued for the fund itself, The Ministry of Finance says.
In a government gazette last...
Last Wednesday, OK Zimbabwe, the country’s biggest retailer by store count, had a briefing on its annual results.
CEO Max Karombo went into some detail on the state of formal retail. Here, we give...
By Ray Ndlovu
Developers have started selling villas that will be built in Harare’s new “Cyber City” that’s targeting the elite.
Under the first phase, 50 luxury villas are now...
