Tag: Economic Growth

Zimbabwe threatens to cancel licenses

Zimbabwe threatens to cancel licenses

Zimbabwe’s central bank threatened to cancel the licenses of banks and foreign-currency dealers found to have violated new exchange-control regulations aimed at easing a dollar shortage. The Reserve Bank of Zimbabwe last week sent a directive changing the way banks and other authorised foreign-currency dealers are required to handle export […]

Observers say Zimbabwe economic situation set to worsen in 2016

Observers say Zimbabwe economic situation set to worsen in 2016

Observers say the economic situation in Zimbabwe is likely to worsen next year. One of the observers, Rejoice Ngwenya, who is an independent economic commentator, told that the country needs to adopt strict measures to kick start the ailing economy, which recorded a marginal growth of 1.5 percent this year. […]

Malnutrition up as agri funding cut

Malnutrition up as agri funding cut

SUCCESSIVE poor harvests have diminished Ndodana Makhalima’s household food stocks and the family’s nutrition status. A subsistence farmer in Lupane, about 110 kilometres north of Bulawayo, 56 year-old Makhalima has learnt to live with hunger on his door step. “In the past I could eat umxhanxa (a mix of maize […]

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 […]