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The latest Zimbabwe news, from NewsDay, Herald, Chronicle and more. 154 stories
China to help quicken Zimbabwe's economic developmentChina has pledged to broaden its cooperation with Zimbabwe's new administration led by President Emmerson Mnangagwa to quicken economic development in the country, which is expected to improve people'...ChronicleBusiness30 November 2017
National Budget presentation set for DecemberActing Finance Minister Patrick Chinamasa will on December 7 this year present the 2018 National Budget, officials said on Tuesday. Presentation of the fiscal statement hung in the balance following r...HeraldBusiness29 November 2017
'ZSE reflects investor sentiments'THE Zimbabwe Stock Exchange (ZSE) acting chief executive officer Martin Matanda says the main bourse will in the outlook continue to reflect investors’ sentiments regarding the settlement of the polit...NewsDayBusiness29 November 2017
Zim records $1,6bn trade deficitZimbabwe recorded a $1,6 billion trade deficit in the first 10 months of the year as imports continue to outpace earnings from the country’s exports. Figures released by the statistics agency show tha...HeraldBusiness28 November 2017
Gold, tobacco lead growth in export receiptsZimbabwe’s export revenues will post positive growth over the short-term outlook to 2019 on the back of firming gold prices and tobacco production, a leading research firm has said. According to BMI R...NewsDayBusiness24 November 2017
ZSE self-correction continues after Mugabe's fall from graceThe Zimbabwe Stock Exchange’s self-correction continued on Wednesday, with the main industrial index shedding 5,07 percent to 329,63 points. However, the mining index remained flat at 129,82 points. M...TheSourceBusiness23 November 2017
Bitcoin is not legal: RBZThe Reserve Bank of Zimbabwe (RBZ) has warned members of the public against using Bitcoin, saying its use is not legal in the country. The RBZ has been lax towards regulating the crypto currency argui...NewsDayBusiness23 November 2017
ZSE correction leaves companies nursing woundsRESERVE Bank of Zimbabwe deputy director for international banking and portfolio management Ernest Matiza’s prediction of the Zimbabwe Stock Exchange (ZSE) “bubble” bursting may finally be coming true...NewsDayBusiness22 November 2017
Sellers dominate ZSE tradingSellers continue to dominate trading on the Zimbabwe Stock Exchange (ZSE) with the market losing a total of $4 billion since last week. The industrial index further dropped by 10.48 percent as trading...OnlineBusiness21 November 2017
Zimbabwe stock market drops $2,7bln in two daysZimbabwe’s stock market this week took its biggest dive since October last year, losing $2,7 billion in the week as investors reacted to the possibility of a transitional government which could stabil...TheSourceBusiness20 November 2017
Stock market crashes, loses $1,2bln as Zim waits on Mugabe exitThe Zimbabwe Stock Exchange mainstream index crashed on Thursday, dropping 7,46 percent to 487,93 points while the market saw its market value falling by $1 billion as political tensions remain high a...TheSourceBusiness17 November 2017
Import relaxation clarifiedGOVERNMENT has clarified the easing of import controls on basic commodities saying the move does not render Statutory Instrument 64 of 2016 ineffective, but rather is a call for organisations with fre...HeraldBusiness14 November 2017
Fertiliser firms lose out as forex crisis deepensZIMBABWE’S fertiliser manufacturers have lost significant production time as they await foreign currency allocations from the central bank to import raw materials critical in their operations, an offi...OnlineBusiness14 November 2017
Retailers financial results show inflation scourge is backZimbabwe’s largest retailer, OK Zimbabwe last week said its internal tracking of inflation showed that inflation stood at 7,69 percent in September, much higher than the 0,78 percent given out by the....TheSourceBusiness14 November 2017
Zimbabwe budget deficit to hit $1,82bln on runaway govt spendingZimbabwe’s budget deficit will grow to $1,82 billion this year, from the initial projection of $400 million on runaway government expenditure, finance minister Ignatius Chombo said on Thursday. The de...TheSourceBusiness10 November 2017
Harare International Airport upgrade to commenceUpgrade of the Harare International Airport, which is set to be renamed to Robert Gabriel Mugabe International Airport this week, is scheduled to commence following the conclusion of negotiations of a...HeraldBusiness8 November 2017
Bitcoin soars as Zimbabweans brave risks for way out of currency chaosIn 2008 at the height of the global economic crisis which followed the collapse of the United States based financial group, Lehman Brothers, a white paper challenging the traditional system of global....TheSourceBusiness7 November 2017
Price controls on cards: GovtGOVERNMENT has threatened to reintroduce price controls on most basic commodities to cushion citizens against profiteering businesses fond of unilaterally hiking prices citing foreign currency shortag...NewsDayBusiness3 November 2017
Zim improves on doing business rankingZimbabwe moved two places up the ladder on the ease of doing business to 159 from 161, the World Bank’s 2018 report has shown.According to the report the country’s distance to frontier (DTF) rose from...NewsDayBusiness2 November 2017
David Whitehead to resume operationsTEXTILE company David Whitehead Ltd is set to resume operations in the next two weeks after securing a $2 million loan facility from the Reserve Bank of Zimbabwe. DWTL, which is currently under judici...HeraldBusiness1 November 2017
Informal traders choke retailersRETAILERS say informal traders are posing stiff competition and eating into their business. Confederation of Zimbabwe Retailers president Denford Mutashu told delegates at the Zimbabwe retailers and s...NewsDayBusiness31 October 2017
Kwesé signs 40 000 subscribersECONET Wireless Zimbabwe says 40 000 customers have signed onto its pay TV service Kwesé TV, resulting in the creation of over 2 200 jobs. Speaking to NewsDay on the sidelines of the official launch o...NewsDayBusiness30 October 2017
Colcom minorities approve Innscor buyoutColcom shareholders on Wednesday accepted Innscor’s offer to acquire minorities shares in Zimbabwe’s largest meat processor in exchange for Innscor shares. Colcom company secretary, Andrew Lorimer sai...TheSourceBusiness28 October 2017
Nearly 50pct of large firms now headed by womenThe number of female headed companies in Zimbabwe’s manufacturing sector has risen by 8 percent, a survey by the Confederation of Zimbabwe Industries (CZI) has shown. According to the survey women now...TheSourceBusiness27 October 2017