Five take aways from the budget

HARARE, December 7 (The Source) – Finance Minister Patrick Chinamasa on Thursday presented the first budget under the presidency of Emmerson Mnangagwa, seen as key to Zimbabwe’s economic recovery by restricting thresholds of the controversial Indigenisation Act to platinum and diamonds while re-engaging foreign debtors… Read More

Milk production up 5pct y/y

HARARE, December 7 (The Source) – Zimbabwe’s raw milk production increased by 4,8 percent to 5,89 million litres in October, compared to 5,62 million litres recorded in the same period last year, latest figures show. Latest data from the Dairy Services Department shows that retailed… Read More

IMF to send team to Zimbabwe

HARARE, November 30 (The Source) – The International Monetary Fund will soon send a staff mission to Zimbabwe to meet with officials of the new government and assess the country’s fiscal and economic situation, Reuters reported on Thursday. Zimbabwe has a new president in Emmerson… Read More

RTGS transactions up 19 pct

HARARE, November 29 (The Source) – The value of transactions processed through the National Payment System (NPS) for the week ending November 17 went up nine percent to $2 billion from $1,8 billion recorded in the previous week driven by an increase in electronic transactions.… Read More

Zimbabwe inflation spikes to 2.24pct

HARARE, November 15 (The Source) – Zimbabwe’s consumer price inflation grew to 2.24 percent year-on-year in October from 0.78 percent in September, the national statistics agency said on Wednesday. Month-to-month the inflation rose by 1.54 percent in October from 0.38 percent previously, Zimstats said.