AdvertisementsZimbabwe’s agriculture output has remained stagnant at $1 billion over the last five years largely because government and financiers have excluded small-holder farmers, a survey by the Zimbabwe National Statistics Agency (ZimStat) has shown. Advertisements According to the Small-holder Agricultural Productivity report that was published by statistics agency recently, access to government-backed programmes such as…
AdvertisementsSEASONED banker Lynn Mukonoweshuro has lost the fight to control Lion Microfinance Zimbabwe (Lion), which is currently under judicial management.Advertisements The former Kingdom Financial Holdings Limited (KFHL) chief executive was suspended in July last year, around the same time the microfinance institution was placed under curatorship following a Reserve Bank of Zimbabwe investigation in March,…
AdvertisementsCONFIDENCE in Zimbabwe’s property sector has sunk to an all-time low due to the widening gap between seller preference and buyers capabilities, a new report has revealed. This comes as the property market has remained subdued largely due to the effects of the depressed economic conditions that led to the streamlining of productive and other…
AdvertisementsTRANSACTIONS processed through the National Payment System (NPS) rose to $15,19 billion during year ending January 3, 2020 from $2,46 billion recorded during the same period last year, as money supply increased in response to inflationary pressures. According to latest figures from the Reserve Bank of Zimbabwe, Real Time Gross Settlement (RTGS) transaction values stood…
Advertisements Nick Kyrgios says he has “made progress as a human” after his Australian Open ended with an honourable defeat by Spanish top seed Rafael Nadal. Kyrgios, 24, lost 6-3 3-6 7-6 (8-6) 7-6 (7-4) as Nadal reached the Melbourne quarter-finals on Monday.Advertisements The Australian has received wide praise for his improved on-court behaviour as…
AdvertisementsHE sang anthems of social lament, celebrations and timeless wisdom. A music legend, a national hero, unifier and an ever-green entertainer.Advertisements Oliver Mtukudzi — fondly known as Tuku, was a guitarist, singer and songwriter, goodwill ambassador and role model who was celebrated for the messages in his lyrics, stage performance and consistency. Men wanted to…
AdvertisementsTHE rushed re-introduction of the Zimbabwean dollar last year by desperate authorities is exacerbating the country’s economic crisis, analysts said this week. This comes as both Finance minister Mthuli Ncube and Reserve Bank of Zimbabwe governor John Mangudya have vowed to prioritise currency stability this year, as the local unit continues to plunge vis-à-vis the…
AdvertisementsEXTREME poverty in Zimbabwe rose from 22 percent in 2012 to 29 percent in 2017, and is likely to have risen further to as much as 38 percent in 2019, according to the country’s statistics agency.Advertisements The Zimbabwe Statistics Agency (Zimstat) this week presented the figures following the launch of the Poverty Income and Consumption…
AdvertisementsZIMBABWE’S manufacturing sector recorded a 70 percent increase in foreign currency receipts to US$224,4 million in the nine months to September 2019, up from US$132,8 million during the same period in the previous year, central bank data has shown. The gains come as a shock given the tough operating environment manufacturers endured during the year.…
AdvertisementsZIMBABWE’s year-on-year inflation rate spiralled to 521 percent in December last year, from 481 percent in November, according to the Confederation of Zimbabwe Industries (CZI). This comes as the Zimbabwe National Statistics Agency (Zimstat) last week announced that month-on-month inflation rate shed 0,91 percentage points in December to 16,55 percent from 17,46 percent in November,…
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