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Business loses confidence in Mnangagwa’s new dispensation

Business loses confidence in Mnangagwa’s new dispensation

THE business community appears to have lost confidence in President Emmerson Mnangagwa’s new political dispensation, with the latest Confederation of Zimbabwe Industries (CZI)’s composite Business Confidence Index (BCI) indicating a negative trajectory, particularly in the first quarter of this year. Since he took over levers of power in November last year, Mnangagwa’s administration had been […]

Zim first quarter trade deficit narrows: Exports increase by US$100m, Imports remain flat at US$1,3bn & Locals import $3m pampers in three months

Zim first quarter trade deficit narrows: Exports increase by US$100m, Imports remain flat at US$1,3bn & Locals import $3m pampers in three months

ZIMBABWE’S trade deficit narrowed by 14,5 percent (US$98 million) to US$576 million in the first three months of the year from the same period a year earlier, as exports jumped 15,7 percent to US$724 million driven mainly by mineral exports and tobacco. The influx of foreign goods — notwithstanding the implementation of Statutory Instrument (SI) […]

President Robert Mugabe has hinted that he would prefer rand as currency

President Robert Mugabe has hinted that he would prefer rand as currency

President Robert Mugabe has hinted that he would prefer the adoption of the rand in Zimbabwe despite the reluctance to adopt the currency from his government. Mugabe, who turned 93 on Tuesday, said in a televised interview to mark his birthday that he had asked Finance Minister Patrick Chinamasa and central bank governor John Mangudya […]

Will Zimbabwe Govt Approve Power Tariffs Increase Proposal?

Will Zimbabwe Govt Approve Power Tariffs Increase Proposal?

Energy and Power Development Minister Dr Samuel Undenge dropped a bombshell when he told Senate recently that he was contemplating hiking power tariffs. Dr Undenge’s proposal to hike electricity charges comes after the Zimbabwe Energy Regulatory Authority (ZERA) rejected a similar proposal from the Zimbabwe Electricity Transmission and Distribution Company (ZETDC). ZERA’s argument for the […]

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