Thu, Feb 02, 2012
The City Council, in conjunction with the police, has launched a crackdown on illegal businesses operating in the capital. This is likely to result in the closure of scores of unregistered shops and the arrest of many traders using fake licences.
Sun, Jan 29, 2012
Finance Minister Tendai Biti, under police investigation as to how the controversial $500-million Zimbabwe received from the International Monetary Fund (IMF) in 2009 was used, says the funds were spent on infrastructure projects and alleviating the chronic liquidity crisis in the financial market.
Fri, Jan 27, 2012
BULAWAYO, (IPS) – From downtown shops that stock cheap clothing and shoes that fall apart after one wear, to mining concessions in platinum, gold and diamonds – the Chinese finger is now in virtually every Zimbabwean pie. From city sidewalks to low-income suburbs, the Chinese have become part of the local population, and if some senior government bureaucrats have their way, the country could soon find itself adopting the Chinese Yuan as its official currency.
Wed, Jan 25, 2012
HARARE - Zimbabwe is having to bolster its $4 billion 2012 budget with $110 million from an 2009 emergency IMF fund, a measure of the extent of an acute foreign exchange shortage in the southern African nation.
Tue, Jan 24, 2012
The Zimbabwe economy grew an average 9.3 last year as it continued to bounce back after a decade of economic decline, and will expand further in 2012 on the back of increased output in mines and farms if the political climate remains stable, treasury estimates predict.
Mon, Jan 23, 2012
PEOPLE last week roundly condemned proposals by the central bank governor, Gideon Gono, for the re-introduction of the Zimbabwe dollar saying such a suggestion evokes painful memories of struggles they went through at the height of the economic crisis a few years back.
Mon, Jan 16, 2012
Zimbabwe collected US$2.8 billion in tax revenue last year surpassing the target by 11 percent as the southern African country slowly emerges out of a decade of economic collapse.
Sat, Jan 14, 2012
HARARE - Food prices and other basic commodities are set to increase following an announcement by the Zimbabwe Revenue Authority that a 25 percent surtax would be charged on the commodities starting January 1.
Sat, Jan 14, 2012
HARARE - Food prices and other basic commodities are set to increase following an announcement by the Zimbabwe Revenue Authority that a 25 percent surtax would be charged on the commodities starting January 1.
Thu, Jan 12, 2012
TELECEL Zimbabwe's new managing director Mr John Swaim says he will lead the mobile phone operator on an interim basis while the shareholders seek a Zimbabwean to take over.
Wed, Jan 11, 2012
Zimbabwe’s richest man and telecom tycoon Strive Masiyiwa has joined the jury of the Conrad N. Hilton Foundation.
Tue, Jan 10, 2012
New Delhi: India is planning to provide a soft credit of USD 100 million (around Rs 520 crore) to Zimbabwe for development of its health sector and to help the country in skill development.
Sun, Jan 08, 2012
POLICE are probing Finance Minister Tendai Biti over the controversial $500-million windfall Zimbabwe got from the International Monetary Fund (IMF) in 2009. They aim to arrest him if they detect any trace of fraud.
Mon, Jan 02, 2012
Zimbabwe’s electricity demand is projected to increase 29 percent this year, boosted by the mining industry, the state power utility said.
Fri, Dec 30, 2011
ONE of the most understated, but significant, consequences of the decade of economic debility that Zimbabwe underwent was the decimation of its middle class.
Tue, Dec 27, 2011
Insiders said Rainbow's board and shareholders agreed to raise US$15 million through a US$10 million sale and leaseback of Bulawayo Rainbow Hotel to NSSA and a US$5 million rights issue
Tue, Dec 27, 2011
Brazil will remain one of the fastest-growing nations in the coming years after overtaking the U.K. this year to become the world’s sixth-largest economy, the country’s Finance Minister Guido Mantega said.
Sun, Dec 25, 2011
Brazil has overtaken the UK as the world's sixth largest economy, an economic research group has said.
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