Harare, (New Ziana) – The government has approved plans to establish a subsidies framework as part of bold moves to contain public expenditure fueling economic instability, a cabinet minister has said. Unrestrained subsidies, especially in the agriculture and manufacturing sectors, have in the past been blamed for fueling the country’s economic woes. And to rationalize […]
Harare, (New Ziana) – President Emmerson Mnangagwa will open the 61st edition of the Zimbabwe International Trade Fair (ZITF) which is set for July, where over 90 percent of available exhibition space has already been booked, government said on Wednesday. The country’s largest trade showcase set for July 20 t0 23, returns to its home […]
Harare, (New Ziana)- Clothing retailer, Edgars said on Wednesday it recorded a 17 percent drop in turnover in inflation adjusted terms in the first quarter of 2021 compared to the same period last year as its stores were closed owing to the Covid-19 induced lockdown. Group chief executive Tjeludo Ndlovu said the stores were closed […]
Harare, (New Ziana) – Zimbabwe’s annual inflation eased 32.16 percentage points in May to close the month at 161.91 percent, the Zimbabwe National Statistics Agency (ZimStat) said on Wednesday. Inflation was 194.07 percent in April. Month-on-month inflation was 2.54 percent, up from 1.58 percent the previous month. The slide in annual inflation, however, comes against […]