Tuesday, October 16, 2018
Zimbabwe’s general Government revenue is expected to slightly improve to 23 percent of GDP this year, up from the 22,5 percent recorded last year, the Fiscal Monitor released on Wednesday by the International Monetary Fund has said. However, the report released under the theme Çapitalising on Good Times was bearish...
Kudzanai Sharara Taking Stock Zimbabwe’s inflation rate unexpectedly cooled to a five-month low in March, and as has been the case in the past, the figures have been met with scepticism with both analysts and consumers questioning the weaker trend. According to the Zimbabwe National Statistics Agency (ZimStats) the year on...
Business Writer Econet Wireless Zimbabwe has launched a multi-purpose web self-care service that will give its customers control of their line account profiles. The service will also allow customers to provision services on their own — including monitoring their airtime and data usage, viewing their call history and transferring airtime. Econet COO...
Chris Chenga In developing countries, we often perceive foreign policy as Governments’ reactive discretion to premeditated attitudes that foreign peers already have towards us. Consider the prevalent notion that Africa or South America’s economic circumstances are determined by developed countries’ attitudes towards us, and not so determined by our own foreign...
Kudzanai Sharara Last week’s announcement by Government that it plans to privatise State-owned entities was not a surprise. In fact privatisation and sale of state entities is long overdue. For years parastatals have not only been a drag to economic development, but also a drain to the national fiscus. According to...
Kudzai Mubaiwa This past week I met up with a financier of small-scale enterprises over a nationwide small business support project they want to embark on. In the discussion, they sought my opinion on the ten things I would insist any current or aspiring small business owner must think about if...
Business Writer Beverages producer, Schweppes Zimbabwe has begun exports of Mazoe Orange Crush to Zambia to boost foreign currency earnings at a time the country is facing shortage of hard currency, managing director Charles Msipa said yesterday. Mazoe Orange Crush is a product of The Coca-Cola Company, which is produced under...
Business Writer Zimbabwe's brewery giant Delta Corporation reported significant growth in volume and revenue for the fourth quarter to March 2018. This helped the group recover from four years of recording volumes and revenue decline, something which started in 2014 till 2016. According to the trading update released by Company Secretary...
Compiling detailed and very accurate statistics of the size and form of Zimbabwe’s economy can be very difficult given the growth of small businesses and the level pegging or decline of large concerns whose record keeping is usually much better. But just as a city’s chief sewage engineer can usually...
Business Writer Zimbabwe Stock Exchange listed financial institution CBZ Holdings is set to increase its correspondent banking relationships following fruitful discussions held with several Chinese institutions. At present, CBZ Bank mostly uses the Bank of China for its offshore transactions. This comes as not only CBZ, but the whole banking industry...