The 2017 Budget Review highlights

HARARE, July 20 (The Source) – The highlights from Finance Minister, Patrick Chinamasa’s Budget Review and Outlook. Economy grew 0.7 percent in 2016 against a target of 2.7 percent due to ElNino induced drought Household consumption fell by 11,8 percent in 2016. Agriculture is expected… Read More

ZSE bullrun slows

HARARE, July 14 (The Source) – The Zimbabwe Stock Exchange industrial index advanced 0,24 percent to close the week on 198,41 points, driven by slight gains in some heavyweight counters. The mining index eased 1,13 percent to settle at 69,19 points. Market capitalisation increased by… Read More

Govt, ZEC owe CMED $25mln

HARARE, July 13 (The Source) – The State owned, Central Mechanical and Engineering Department  CMED) is owed close to $25 million by the Zimbabwe government and the Zimbabwe Electoral Commission (ZEC) for car rentals as far back as 2013, compromising its service delivery, according to… Read More

IMF warns Zimbabwe against more borrowings

HARARE, July 7  (The Source) – The International Monetary Fund has warned Zimbabwe not to take on additional debt under non-concessionary terms, as the country pursues its arrears clearance plan with multilateral lenders. Last year the southern African nation, which has been in arrears since… Read More

The dark side of voting technology

By Dambisa Moyo, NEW YORK  – According to an unpublished “kitchen table survey,” conducted before last November’s presidential election in the United States, approximately 95% of the predominantly Hispanic members of one of America’s largest domestic unions preferred the Democratic candidate Hillary Clinton to her… Read More