Category: Business

Overnight deposits our worry: BAZ

mushayavanhu bankers ass 03.08.10.jpgThe Bankers Association of Zimbabwe (BAZ) says while it hails the improvements in deposit levels, it is concerned with transitory deposits which have made it difficult for the banks to have long term plans.

The local banking industry which is currently operating at around 40 % is still facing a number of challenges which include capital constraints and absence of lender of last resort.

Read More

Zim urged to value-add exports

diamonds 03.08.10.jpgThe business community says there is need for concerted efforts towards the revival of the national export strategy based on value-addition to guide exporting firms to enhance an increased export revenue, in order for the country to realise quick economic recovery.

 

Read More

Economy to grow by 8.1%: Biti

tendai biti 23.09.10.jpgGovernment has revised upwards the country’s growth forecast for the second time in a space of one year, a development which has been attributed to good tobacco deliveries at the auction floors.

Briefing Ministers and Deputy Ministers during the 2011 Pre-budget Ministerial Workshop, Minister of Finance, Mr Tendai Biti said the forthcoming budget shall not exceed US$2,5 billion as the government has so far collected US$1,9 billion in revenue which will be supported by US$500 million in vote of credit.

 

Read More
error: Content is protected !!