Warning bells are sounding in Zimbabwe as cheap imports replace locally made products and the manufacturing sector stagnates.
Zimbabwe’s central bank has hiked 10-fold statutory capital requirements for merchant banks to $100-million to restore confidence in the sector.
Zimbabwe has lowered its growth forecast for the year as anticipated revenue from the sale of diamonds did not trickle into state coffers as expected.
Zimbabwe’s MDC can grow the economy by 10% a year if it wins elections President Robert Mugabe wants held in 2011, the prime minister said on Sunday.
Zimbabwe’s tourism industry earned about 13% of the impoverished state’s gross domestic product in 2010, a minister said on Monday.
Zimbabwe has sacrificed one of its brightest hopes for economic recovery with its hardened approach on the takeover of foreign-held mines.
Robert Mugabe’s wooing of the Chinese has angered his supporters.
Zimbabwe’s faltering international image takes another knock as locals eye resort.
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/ 17 December 2010
It may no longer be business as usual for South African companies operating in Zimbabwe.
Mugabe and his allies have seized nearly half Zimbabwe’s commercial farms in a land grab widely blamed for the economic collapse.
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/ 12 November 2010
Big money arriving in the country has resuscitated old rivalries among the political elite.
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/ 25 October 2010
With a grim smile on her face the till operator took out the cellphone tucked under her blouse and asked: "In what currency are you paying?"
Improved economic policies in Zimbabwe have led to a ”nascent” recovery in the economy, the International Monetary Fund said on Thursday.