Tag: Economic Downturn

Opinion: Let the Games Begin

Opinion: Let the Games Begin

IN 1980, on the eve of Independence, this small African country was at war with itself, had been under United Nations Sanctions for 14 years and was not in receipt of any aid or assistance from anyone. It was unable to borrow money on the world market and had to […]

Zimbabwe: Chinamasa’s Tough Budget Balancing Act

Zimbabwe: Chinamasa’s Tough Budget Balancing Act

FINANCE and Economic Development minister Patrick Chinamasa presents the 2016 National Budget on Thursday amid very little inflows to Treasury due to the prevailing economic downturn. Latest statistics from the Zimbabwe Revenue Authority show that revenue collected in the third quarter ended September 30 was $878,22 million against a target of […]