Current account deficit now at 1,8pc: RBZ

BH24 Reporter  HARARE – Zimbabwe’s Balance of Payments (BoP) position has improved on the back of the Reserve Bank of Zimbabwe (RBZ) export incentives programme.

Zim processed sugar output at 50pc

Kudakwashe Mhundwa HARARE – Nearly half of sugar cane in the country has been processed to date, latest figures from the Commercial Farmers (CFU) Union show.

TelOne Q2 revenue up 20pc

Enacy Mapakame HARARE – State fixed network operator, TelOne revenue for the second quarter of 2018 rose 20,1 percent to $34 million, driving overall growth for fixed network operators.

More people in Africa need to be insured against natural disasters

Mozambique was the site of one of Africa’s most devastating natural disasters in recent times. In the year 2000 floods killed 700 people, displaced 60,000, and left more than 500,000…

Zim engages Dutch to boost flower exports

Golden Sibanda Zimbabwe has engaged a Dutch trade facilitation body to help boost flower exports to European countries, including the Netherlands, according to Harare’s State international trade promotion agency, Zimtrade,…

Billions earmarked for Zim oil project

Kudzanai Sharara Australian petroleum company, Invictus Energy Limited, which recently confirmed the potential of oil in Muzarabani, Cabora Bassa Basin, in Mashonaland Central, says it is still in the early…

Truworths wades into devaluation debate

Tawanda Musarurwa and Enacy Mapakame A number of Zimbabwean economic players have called for currency devaluation, with some pressing for “steep devaluation” of between 50 percent and 60 percent. Devaluation…

Stabilisation, growth a priority: CZI

Martin Kadzere The Confederation of Zimbabwe Industries (CZI) has put forward a five-point resolution to help prop up the national economy and drive the re-industrialisation agenda. In key resolutions passed…

Govt austerity measures target State enterprises

Golden Sibanda State enterprises and parastatals that had become dependent on perennial handouts from Treasury, will be the first to feel the heat of Government’s acute austerity measures amid indications…

Resettled farmers risk losing land

Martin Kadzere Farmers resettled on farmland developed by white former commercial farmers risk losing their land if they fail to contribute towards compensation for improvements, but could take advantage of…

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