Articles tagged 'economic growth'

'Media repression affects economic growth' 9 June 2017 DURBAN - The World Association of Newspapers and News Publishers (Wan-ifra) outgoing president, Tomas Brune, said Africa's economic growth is declining due to governments' interference with media freedom. “While some countries on the continent have been recording impressive growth rates, media...
'World Bank offside on Zim' 17 January 2017 HARARE - The World Bank's prediction that Zimbabwe's economy will grow by 3,8 percent this year is not only incorrect but also misleading, economic experts have said. This comes as the Bretton Woods institution in its Global Economic Prospects report titled “Weak Investment in Uncertain Times”...
Zim slashes growth forecast 19 May 2016 HARARE - Zimbabwe has slashed its economic growth forecast from 2,7 percent to 1,4 percent this year due to an El Nino-induced drought which has left at least 5,5 million people in need of food aid. The new forecast is in line with the World Bank projections of 1,5 percent, as President Robert...
Zim's 2016 growth projection lowered 16 May 2016 HARARE - A local lobby group, Buy Zimbabwe (Buy Zim), has slashed the country's economic growth to a paltry 1,5 percent, from an initial 2,7 projection, arguing that economic headwinds were increasing. The local procurement advocate organisation last week joined the International Monetary Fund...
IMF slashes Zim economic growth forecast 10 September 2015 HARARE - The International Monetary Fund (IMF) has cut Zimbabwe's economic growth forecast to 1,5 percent from the initial projection of 2,8 percent due to drought and declining international metal prices. IMF head of mission, Domenico Fanizza yesterday told journalists that the 1,5 percent gr...
'Gloomy economic outlook to persist' 13 March 2014 HARARE - Prospects of Zimbabwe’s economic revival remain gloomy with developments indicating a tough time ahead, economic analysts say. Among the challenges, the economists say the country faces a widening trade deficit, dwindling revenues, deflation, lack of aggregate demand and an acute liqu...
'Zim economy to grow by 3,4pc' 13 January 2014 HARARE - Economic think tank, Business Monitor International (BMI), has forecast Zimbabwe's economy to grow by 3,4 percent this year due to limited foreign direct investment in the country. It said the country's moribund economy will remain stagnant as the much-needed foreign investment will c...
'2014 economic growth a tall order' 2 January 2014 HARARE - Listed ZB Financial Holdings Limited (ZBFH) says government's projected 6,1 percent economic growth target is a tall order as the recently announced 2014 budget does not comprehensively address challenges facing the country. About a fortnight ago, Finance minister Patrick Chinamasa pr...
Biti slashes economic growth target 28 July 2013 HARARE - Finance minister Tendai Biti has revised downwards Zimbabwe's 2013 economic growth target to 3,4 percent from five percent. The Treasury chief said developments in the first half of the year “indicate evidence of stagnation, particularly through under-performance in the key sectors of...
No single route to economic growth 31 March 2013 HARARE - In recent days, the indigenisation policy has dominated our thoughts and our sense of amusement. Not so much for what the policy is about but for issues such as veiled criticism by President Robert Mugabe aimed at the Indigenisation minister, those Brainworks advisory services invoices w...