News about Zimbabwe that you can use
The Reserve Bank of Zimbabwe recorded a 320 percent profit increase to $74 million in 2012 up from a loss of $35 million in 2011, the Bank’s latest annual report has revealed.
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The equities market is seen maintaining a bearish trend this year on the back of a prolonged poor economic performance underpinned by liquidity constraints that characterised much of last year, a local brokerage firm has projected.
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The clothing sector lost at least 500 jobs in 2014, as it continues to reel under low capitalisation levels and the influx of cheap fabrics from outside the country, an industry official said today.
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The Confederation of Zimbabwe Industries (CZI) says the government has to show that it has policies that will revive the country’s moribund manufacturing sector and improve investor confidence.
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While media reports say former Vice-President Joice Mujuru is under pressure to form a new political party before March, one of his alleged main backers, Didymus Mutasa, insists that he and his unnamed colleagues still belong to ZANU-PF.
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Multiple regulatory requirements are hampering business start-ups in Zimbabwe due to the ‘burdensome’ registration processes, a study has shown, adding that if unchecked, the economy would continue to struggle for new business.
(391 VIEWS)
