Zimbabwe’s economy is expected to grow by 6.6% this year outpacing much of Sub-Saharan Africa as a recovery in agriculture, iron and steel production and services gathers pace according to the latest Zimbabwe Economic Update (ZEU) released on Tuesday. The sixth edition of the report highlights
The United States Congress has introduced a bill seeking to repeal the Zimbabwe Democracy and Economic Recovery Act of 2001 (ZIDERA) a law long blamed by Harare for crippling its access to international finance. Section 303 of the proposed legislation, H.R. 5300 formally repeals ZIDERA which
Former Mozambican president Joaquim Chissano who is facilitating Zimbabwe’s second structured dialogue platform meeting on the arrears and debt clearance, says mistrust between Zimbabwe and its development partners is curtailing the process. Speaking at the conference in Harare yesterday, Chissano called for the management of misconceptions
The International Monetary Fund slashes Zimbabwe’s GDP growth by half a percentage point to 3 percent
The number of extremely poor citizens rose to 7.9 million in 2020 due to the COVID-19 (coronavirus) pandemic and its impacts, according to the World Bank’s latest economic analysis for the country. The Zimbabwe Economic Update, Overcoming Economic Challenges, Natural Disasters, and the Pandemic: Social and Economic Impacts,
MUTARE- Following the assumption of leadership of the African Regional Forum on Sustainable Development Goals (SDGs) government officials say Zimbabwe is on course to submit its second country report. Deputy Minister of Public Service, Labour and Social Welfare, Lovemore Matuke said these significant strides are indicative
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
The week opening coincided with the start of business in the New Year and as expected, it opened on a lukewarm note as most companies are yet to operate at full throttle with momentum expected to gain in the coming week. However, notable was the resurgence
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
A critical first step towards the promised economic awakening of Zimbabwe will be comprehensive debt relief. President Mnangagwa and his new government will need urgently to complete the technical analysis of Zimbabwe’s debt situation and assess the country’s long-term debt sustainability. This analysis must be
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