Tag: Zimbabwe's Economy
‘Zimbabwe’s Economy Set To Recover’
AFRICANGOBE - The Reserve Bank of Zimbabwe has set the tone for economic recovery after unveiling a set of financial sector policies which are meant to...
21-Year-Old Zimbabwean Questions Obama On Illegal Sanctions
AFRICANGLOBE - The recent US-Africa Leaders Summit in Washington DC saw President Barack Obama host close to 50 African leaders to discuss opportunities for better business engagement. After a speech concerning the US’s commitment to Africa’s development through trade and business, Obama sat down with young Zimbabwean entrepreneur Takunda Ralph Michael Chingonzo (21), for a question-and-answer session.
Zimbabwe: Thinking Outside the Box on Illegal Western Sanctions
AFRICANGLOBE - Western sanctions are estimated to have cost the Zimbabwe over US$42 billion in lost revenue with outgoing Finance Minister Tendai Biti saying the embargoes shrunk the economy by a factor of over 40 percent over the past 13 years.
New US$200 Million Cement Plant for Zimbabwe
AFRICANGLOBE - A new US$200 million cement plant is to be built by Pretoria Portland Cement, a Zimbabwe subsidiary of Portland Holdings Limited , to service the Harare and central Mozambique markets. The new plant will have a capacity of about one million tons of cement per annum and will coincide with the construction of a separate grinding facility in the neighbouring territory of Tete In Mozambique.
Zimbabwe’s Economy On Recovery Path
AFRICANGLOBE - Zimbabwe's Finance Minister says his country’s economy is on the path to recovery after decades of decline and will meet all its financial obligations for this year. .
Cars speed along in Harare, Zimbabwe’s capital city. The formation of a coalition government in 2009 by President Robert Mugabe and Prime Minister Morgan Tsvangirai has led to the sound of constant activity in the city.
US Admit Sanctions Destroyed Zimbabwe’s Economy
AFRICANGLOBE - The United States government has, for the first time, admitted that the illegal sanctions it imposed destroyed Zimbabwe's economy and were hurting...
Zimbabwe’s Economy Projected To Grow By 9.4 Percent In 2012
AFRICANGLOBE - Zimbabwe's economic growth is projected at 9.4% in 2012 against a background of improved positive performance in sectors such as agriculture, mining, tourism, social sectors, finance, and electricity, Finance minister Tendai Biti said.
