Tag: Economic Downturn

Indigenisation rows unhelpful, Oz envoy

Indigenisation rows unhelpful, Oz envoy

AUSTRALIA’S Ambassador to Zimbabwe, Suzanne McCourt, says continued bickering in government over its Indigenisation policy is “discouraging” Canberra’s efforts to invest in the country. Government continues to be divided over the controversial policy, with conflicting statements coming from the ministers over implementation of the black empowerment programme. In December, Finance Minister […]

EU envoy predicts tough year for Zim

EU envoy predicts tough year for Zim

THIS year will be particularly difficult for Zimbabwe and the international community should be prepared for all possible scenarios, a top European Union (EU) envoy has said. In his New Year message, head of the EU delegation in Zimbabwe Philippe Van Damme said 2016 is going to be a challenging year […]

China leads Zim towards recession

China leads Zim towards recession

THE contagion from China’s ongoing financial meltdown will likely drive Zimbabwe into a worse recession this year, experts warned this week, after Harare ill-advisedly adopted the yuan as a reserve currency this month. This comes as  the People’s Bank of China, the central bank, last Thursday devalued the yuan to 6.5646 […]