- Local News
Zim GDP soars to US$47bn :ED
STAFF WRITER President Emmerson Mnangagwa has said Zimbabwe’s economy is growing despite being subjected to illegal economic sanctions , climate change and droughts that the country is currently experiencing. The President said that the GDP of the country has surpassed US$47bn, having increased from US$16bn in 2018. He made the remarks on Thursday during the 44th Independence Day celebrations in Murambinda, Buhera district, Manicaland Province. The President also said , despite the efforts of those who wish to…
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Bring currency manipulators to book
Currency manipulators-some powerful individuals and companies are on the prowl again at the expense of the economy and indeed at the expense of all and sundry. These are self-defined economic saboteurs. And should be brought to book as the exchange rate on the parallel market is rocketing again. We support the move by the Financial Intelligence Unit (FIU) to target people and businesses that are involved in exchange rate manipulation , because we are concerned …
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Anxiety grips Masimba | Business Times
CLOUDINE MATOLA Anxiety has gripped Masimba Holdings Limited, a publicly traded construction and industrial company, as it may struggle to execute its orderbook largely due the unfavourable effects of El Nino phenomena and the dropping prices of minerals on the global market, Business Times can report. This is despite experiencing an upswing, rising by 138% to US$248m from US$104m reported in the previous year. This was confirmed by the board chairman,Gregory Sebborn, who said the…
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