Eurozone refuses deepening Greece crisis bailout extension
Eurozone finance ministers have rejected a Greek request to extend a bailout programme beyond 30 June. A Eurogroup statement said Greece had broken off negotiations over a new bailout deal “unilaterally”. Late on Friday, Greek PM Alexis Tsipras called a surprise referendum for 5 July over the terms of any new deal. Greece has to […]
Robert Mugabe Turns to Ian Khama for Help
PRESIDENT Robert Mugabe has turned to his bitter regional rival Botswana President Ian Khama for a model to exploit diamonds to fuel economic development in Zimbabwe. Khama has consistently rejected President Mugabe’s re-election as fraudulent and has often spoken out about Zimbabwe’s political crisis. Nothwithstanding the frosty relationship, Mines and Mining Development minister Walter Chidhakwa […]
Botswana Inflation Rate Drops
Statistics Botswana has released Consumer Price Index (CPI) figures for May 2015 with inflation rate standing at 3.0 per cent, indicating a significant drop compared to 4.5 per cent recorded in May 2014. Statistics Botswana acting principal statistician, national accounts and prices, Mr Phaladi Labobedi, told a press conference recently that the national inflation rate […]
Zimtrade to Release Zambia Market Research Findings
ZimTrade will disseminate findings of the Zambia Market Research on June 25 in Harare and June 26 in Bulawayo,. The research, conducted in April this year, was aimed at generating specific information on possible export products to consider for the Zambian market. In addition, the research gathered other market-related intelligence, which would enhance the prospects […]
Zim Vendors Vow to Defy Govt Order: Video
The government has given a seven day altimatum for vendors to vacate the central districts of Zimbabwean cities including Harare, but the informal traders have vowed to stay put and protect their livelihood. Please follow and like us:
Zimbabwe vendors given ultimatum
“MAKE sure that your people go to designated places. If they don’t, as JOC, we … will deal with you.” This was the chilling warning issued by Brigadier General Anselem Sanyatwe in Harare Monday as the government moves to control the mayhem created by its vendor economy. The General is a member of the feared […]
Zimbabwe Economy Has Potential to Grow
A WORLD Bank executive has said Zimbabwe’s economy has great potential due to its infrastructure, much of it now idle due to an economic crisis. Louis Larose, an executive director of Africa Group 1, a unit of the World Bank, was in the country leading a delegation of World Bank officers on a familiarisation tour. […]
Angola could become a mining powerhouse
The government of Angola wants the country to become a mining powerhouse in Africa in order to attract more private investments that contribute to the diversification of the economy, said Friday in Luanda the minister of Geology and Mining. Francisco Queiroz, who was speaking during a debate on the impact of investment in the mining […]
UK willing to help Zimbabwe regain its breadbasket status
Britain’s Ambassador to Zimbabwe, Catriona Laing, has reportedly said her country is willing to help Zimbabwe regain its breadbasket status, as the UK launched a $72m Livelihoods and Food Security Programme in that country. According to Zimbabwe’s daily newspaper, The Herald, the programme, initiated by Britain’s Department of International Development (DFID), would help reduce poverty […]
China’s decelerating growth negatively affecting world economies
The global economy, slowed by stagnation in Europe and Japan, is being further hampered by China’s decelerating growth. The figures released Tuesday remain, by just about any measure, impressive. China continues to grow at more than twice the pace of the overall world and about three times as fast as the U.S. economy. Yet its […]