Zimbabwe is targeting a record 50 tonnes of gold this year up from 35.38 tonnes achieved last year as government seek to prop up output from the artisanal miners who have overtaken large gold producers contribution in recent years. Last year artisanal miners produced 18 tonnes
The World Bank has predicted a recession in sub-Saharan Africa this year, the first in 25 years as the regional economy is expected to shrink 5.1 percent on the backdrop of the coronavirus pandemic while already fragile economies like Zimbabwe are anticipated to plunge even
Former cabinet minister Professor Jonathan Moyo has sensationally claimed that Bond Note value loss comes on the back of abuse by President Emmerson Mnangagwa and former Finance minister Patrick Chinamasa alleging that the state coffers were drained during the 2017 November military inspired protest as
Zimbabwe’s finance ministry made a bold budget presentation of $5,071 billion in anticipated revenues against a planned expenditure bill of $5,743 billion
With Zimbabwe among the largest informalized economies in the world, Old Mutual Limited has moved to tap into this largely un-banked community by scrapping the payslip requirement for its housing stands, Old Mutual Group Chief Executive Officer, Jonas Mushosho has revealed. Addressing a Harare International Festival
We don’t agree with Trump very much, but where we do agree with him is on his aim to put America first. Extreme poverty is the normal condition throughout Africa only because African nations, and indeed the continent itself, do not put themselves first.
International Monetary Fund (IMF) Managing Director Christine Lagarde today met with President Emmerson Mnangagwa of Zimbabwe on the sidelines of the World Economic Forum in Davos. According to IMF, Lagarde welcomed President Mnangagwa’s commitment to stabilizing the Zimbabwean economy and working towards normalizing the country’s engagement
According to statistics produced by the World Bank, Zimbabwe’s growth rate will decline from 2.3% in 2017 to 1.8% in 2018.
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