HARARE, September 5 (The Source) – Zimbabwe chicken breeders will this month begin importing hatching eggs from Europe as the country moves to avert shortage of poultry products sparked by the avian influenza outbreak, an industry official has said.
By Hannah Ryder, BEIJING – A few months ago, a New York Times magazine cover was emblazoned with the question “Is China the World’s New Colonial Power?” The notion that China is a twenty-first-century colonizer is not new: commentators have been batting it around for… Read More
HARARE, June 12 (The Source) – Tourist arrivals in Zimbabwe shot up six percent to 479,718 in the first quarter of 2017 compared to the same period last year buoyed by a five percent increase in visitors from mainland Africa, the Zimbabwe Tourism Authority has… Read More
HARARE, July 6 (The Source) – The United States of America has lifted its ban on hunting trophies from Zimbabwe, allowing the country to resume exports later this year, the environment minister said on Thursday.
HARARE, April 27 (The Source) – Zimbabwe’s Finance Minister Patrick Chinamasa says the World Bank and African Development Bank (AfDB) have approved the country’s debt refinancing plan, clearing a major hurdle as it bids to pay off $1.7 billion arrears owed to the two lenders.… Read More
HARARE, February 27 (The Source) – Barclays Bank Zimbabwe’s total income in the full year ended December 31, 2016 rose by 27 percent on the prior year to $58,3 million boosted by increases in net interest income and non-funded income. The bank remains part of… Read More
By Francis Fukuyama, STANFORD – One of the more striking developments of 2016 and its highly unusual politics was the emergence of a “post-fact” world, in which virtually all authoritative information sources were called into question and challenged by contrary facts of dubious quality and… Read More
YAMOUSSOUKRO – The billions of dollars in aid delivered to Africa annually may do the continent much good, but it cannot deliver a solution to poverty. Only creating more high-quality jobs can do that. The question is how. Africa boasts a large and creative labor… Read More
By Mukasiri Sibanda, HARARE, May 27 (The Source) – Zimbabwe, like many other mineral rich developing countries, isn’t seeing many benefits from the extraction of its mineral wealth. In fact, in 2015, Zimbabwe lost $500 million according to the Reserve Bank of Zimbabwe (RBZ). Moreover,… Read More
HARARE, April 14 (The Source) – The Industrial Development Corporation of Zimbabwe (IDCZ) says it failed to secure a second loan facility from IDC South Africa, which has cited sanctions on some IDCZ subsidiaries by the United States government. The US imposed “targeted” sanctions on… Read More
By Nelson Banya and Kuda Chideme HARARE, October 9 (The Source) – Zimbabwe’s plan to clear its arrears with international creditors by April 2016 was approved by the International Monetary Fund, World Bank and African Development Bank on Thursday, finance minister Patrick Chinamasa has announced,… Read More
HARARE, January 22 (The Source) – Finance Minister Patrick Chinamasa on Thursday said he had shocked ministry officials by declaring his “love” for the World Bank and the International Monetary Fund (IMF), multilateral organisations seen as hostile to President Robert Mugabe’s government. The IMF and… Read More
HARARE January 7, (The Source) – Zimbabwe is not keen on removing the VAT exemption status enjoyed by foreign tourists, the country’s tourism minister said on Wednesday, adding that the 2015 budget statement’s silence on the issue underlines that position. Foreign tourists’ payments for accommodation… Read More
By Sweta Saxena 1. Are emerging markets slowing down? Yes. They have been slowing down for some time now. GDP growth has declined from 7 percent during the pre-crisis period (2003-8) to 6 percent over the post-crisis period (2010-13) to 5 percent, in our projections, over the… Read More
KARIBA, September 4 (The Source) – China will support Zimbabwe to set up special economic zones and industrial parks to promote investment into the country, Chinese ambassador, Lin Lin has said. Speaking at the ground breaking ceremony of the expansion of Kariba South power station… Read More