Economy

Mugabe’s Zanu PF happy despite Zim rot

Mugabe’s Zanu PF happy despite Zim rot

DESPITE the myriad political and economic challenges ravaging Zimbabwe, President Robert Mugabe’s post-congress Zanu PF says its much-maligned government has done well over the past 36 years, blaming worsening poverty levels in the country on global economic turbulence. Party spokesperson Simon Khaya Moyo told the Daily News yesterday that the former […]

China deals: No quick joy, Mugabe warns

China deals: No quick joy, Mugabe warns

ZIMBABWEANS struggling in a faltering economy should not expect immediate relief from the deals the country recently concluded with China, President Robert Mugabe has warned. The veteran leader recently played host to Chinese leader President Xi Jinping and, according to state media, signed 10 investment deals with more than US$1 […]

Chinamasa growth targets guesstimates

Chinamasa growth targets guesstimates

THE projected 2,7% Gross Domestic Product (GDP) growth envisaged by Finance minister Patrick Chinamasa in his 2016 national budget statement driven by buoyant performance of the real sector — agriculture, manufacturing, mining and tourism — is wishful thinking considering that Zimbabwe’s resource-driven economy is under immense internal and external pressures. […]