Saturday, September 23, 2017
Prosper Ndlovu Bulawayo Bureau Diversification and innovation are the buzzwords for Bulawayo’s surviving industries whose resilience in the face of a difficult macro-economic climate deserves applause. While the city has seen a demise of major companies recently, resulting in massive job losses, it would be gross exaggeration to claim its...
Chris Chenga Are Auditor-Generals meant to be popular? Well, one can suppose that it really depends on who is passing the opinion; pun intended. To an interested public, Mildred Chiri has grown notably famous. There is irony in her garnered fame though. Accountants are superficially perceived to be boring personalities exercising...
Kudzanai Sharara The Annual Budget Review for 2016 presented by Finance and Economic Development Minister Patrick Chinamasa carried one important statistic that might have been skipped or overlooked by many, including analysts and economists. The key statistic was that household consumption for 2016 was down 11,8 percent. While this figure is...
Sifelani Tsiko recently in JOHANNESBURG, South Africa The volume of intra-African trade could easily double to $400 billion from the current level of $170 billion if market information is shared and widely distributed among African countries, a trade analyst says. Gainmore Zanamwe, African Export — Import Bank (Afreximbank), senior manager for...
Chris Chenga Globally, where the most optimistic stories are told, the world economy has been experiencing anaemic growth at best! At the polar end, the worst scenarios over the last decade have been cases of debt overhangs and bleak economic outlooks. Even the once decorated BRICS (exclude China) have not...
Reserve Bank of Zimbabwe Governor Dr John Mangudya, in co-operation with the Ministry of Finance and Economic Development, is certainly making his loans from Afreximbank work very very hard. These facility loans are expected to perform a triple function: Providing the short-term and medium-term foreign exchange liquidity needed by exporters...
Chris Chenga Have Chinamasa and Mangudya been saying the right things to the market? The fiscal and monetary chiefs of our economy have recently both been at the receiving end of critical perspectives. The criticism against Finance Minister Chinamasa has largely flowed from recently published World Bank and IMF economic reports warning...
Kudzanai Sharara If this year’s shareholder participation is anything to go by, then the days of the passive shareholder are well and truly over. However, if this was a once in a blue moon thing, then the year 2017 will probably go down as the year Zimbabwean shareholders, both major...
A growing economy needs access to capital and in Zimbabwe the savings rate is low, so capital is scarce and thus expensive, and even when money is raised there are the problems with the balance of payments which makes using local capital to buy foreign equipment or raw materials...
Dr Tinashe Nyamunda The Economy Corner As I continue examining different aspects of Zimbabwe’s emerging post 2000s economy, I am drawn to the concept of “ease of doing business in Zimbabwe”. If any aspired development is to take place or any serious investors are to be attracted, this is one...