HARARE, November 8 (The Source) – The morning after President Robert Mugabe sacked his deputy, pensioners are still outside a branch of NBS on Samora Machel Avenue. While we all gorged on a stream of news in a day of high political drama, engaged in… Read More
HARARE, October 26 (The Source) – The ruling ZANU-PF party wants to spend $8 million on a special congress meant to endorse President Mugabe as its leader and candidate for the elections expected in 2018.
By Matt E.T Matigari, HARARE, October 19 (The Source) – Zimbabwe’s foreign exchange situation is getting worse in spite of extensive touting of a ‘nostro-stabilisation’ loan the Reserve Bank of Zimbabwe says it got from Afreximbank. How do we know this? Watch the indicators from… Read More
By Respect Gwenzi, HARARE, October 13 (The Source) – Predictions by renowned world economic bodies and the government point towards economic recovery in Zimbabwe at least over the next 3 years. Underlying this foreseen recovery is a projected sustained favourable rainfall pattern which is expected… Read More
HARARE, October 9 (The Source) – Zimbabwe’s government overspent by $358,4 million between January and May, with foreign travel chewing more than double the budget, indicating that the country’s fiscal deficit will widen this year as authorities fail to rein in spending. Official data… Read More
By Ray Chipendo, HARARE, October 6 (The Source) – All investments involve an element of risk. The risk component is ostensibly behind the volatility in Zimbabwe’s currency markets.
By MacDonald Dzirutwe, HARARE, October 6 (Reuters) – After defying economic gravity for a year, Zimbabwe’s homemade U.S. dollars have fallen to earth with a bump.
HARARE, September 25 (The Source) – Dear Minister Ignatius Chombo, We see you have been trying to scare the economy back into shape. Stop. It never works.
By Matt E.T Matigari, September 21 (The Source) – Fool me once, shame on you, fool me twice, shame on me. So, what’s my point here? The point is we can’t be conned twice the same way in 10 years and blame the conmen. It… Read More
HARARE, September 14 (The Source) – If you had a million dollars to spare back in January, and you invested it in General Beltings stock, today your fortune would have grown to $6.8 million.
HARARE, September 8 (Reuters) – President Robert Mugabe said on Friday that Zimbabwe’s economy, hobbled by foreign currency shortages and a widening budget deficit, was slowly rebounding and would be driven by mining and agriculture. Without giving details, Mugabe told a meeting of the ruling… Read More
HARARE, September 8 (The Source) – Zimbabwe’s business leaders on Thursday met with President Robert Mugabe for the first time in 10 years to discuss the deteriorating economic situation in the country. But executives from the mining, manufacturing, banking and farming sectors and representatives of… Read More
HARARE, August 3 (The Source) – Presenting his latest monetary policy statement on Wednesday, central bank governor John Mangudya looked like a runner who had just done the Gutu Half Marathon in mid-October.
HARARE, June 23 (The Source) – You know election season is around the corner when political parties start making promises they cannot keep.
HARARE, June 5 (The Source) – The World Bank has lowered Zimbabwe’s growth projection to 2.3 percent for this year, from an initial forecast of 3.8 percent in January, saying the economy remains fragile. The World Bank did not explain the basis of such a… Read More