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<title>ZimNewsWatch.com | Published News | Economy</title>
<link>http://www.zimnewswatch.com</link>
<description>Your Source for Zimbabwean News Online</description>
<pubDate>Wed, 21 Jul 2010 07:23:46 CDT</pubDate>
<language>en</language>
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<title><![CDATA[Zim minister to discuss US$70 million facility with Botswana]]></title>
<link>http://www.zimnewswatch.com/story.php?title=zim-minister-to-discuss-us70-million-facility-with-botswana</link>
<comments>http://www.zimnewswatch.com/story.php?title=zim-minister-to-discuss-us70-million-facility-with-botswana</comments>
<pubDate>Wed, 21 Jul 2010 07:23:46 CDT</pubDate>
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<guid>http://www.zimnewswatch.com/story.php?title=zim-minister-to-discuss-us70-million-facility-with-botswana</guid>
<description><![CDATA[Zimbabwean Finance Minister Tendai Biti will lead a joint government and business delegation to neighbouring Botswana to discuss the modalities of a 500-million pula (aboutUS$70 million) credit facility availed by Gaborone.<br /><br />"I will be taking business people from the CZI (Confederation of Zimbabwe Industries) to Botswana …. the minister (of finance) in Botswana has advised me to do that in the <br/><br/>39 Vote(s) ]]></description>
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<title><![CDATA[Finance Minister says no money, so no supplementary budget]]></title>
<link>http://www.zimnewswatch.com/story.php?title=finance-minister-says-no-money-so-no-supplementary-budget</link>
<comments>http://www.zimnewswatch.com/story.php?title=finance-minister-says-no-money-so-no-supplementary-budget</comments>
<pubDate>Thu, 15 Jul 2010 12:15:58 CDT</pubDate>
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<guid>http://www.zimnewswatch.com/story.php?title=finance-minister-says-no-money-so-no-supplementary-budget</guid>
<description><![CDATA[Finance Minister Tendai Biti (Pictured) on Wednesday presented his 2010 Mid-Term Fiscal Policy Review Statement, in which he announced that he will not propose a supplementary budget and that Zimbabwe's economic future now hinges on the sale of diamonds from the Marange fields.<br/><br/>35 Vote(s) ]]></description>
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<title><![CDATA[Biti wants state to mine alluvial diamonds]]></title>
<link>http://www.zimnewswatch.com/story.php?title=biti-wants-state-to-mine-alluvial-diamonds</link>
<comments>http://www.zimnewswatch.com/story.php?title=biti-wants-state-to-mine-alluvial-diamonds</comments>
<pubDate>Thu, 15 Jul 2010 12:09:27 CDT</pubDate>
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<guid>http://www.zimnewswatch.com/story.php?title=biti-wants-state-to-mine-alluvial-diamonds</guid>
<description><![CDATA[Zimbabwe would like to have all alluvial diamond mining conducted by the state, Finance Minister Tendai Biti said on Wednesday.<br />"There is consensus in government that there has to be a new Diamond Act that says alluvial diamond mining in Zimbabwe be conducted by and through the state<br/><br/>16 Vote(s) ]]></description>
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<title><![CDATA[US$1 billion for Zimbabwe]]></title>
<link>http://www.zimnewswatch.com/story.php?title=us1-billion-for-zimbabwe</link>
<comments>http://www.zimnewswatch.com/story.php?title=us1-billion-for-zimbabwe</comments>
<pubDate>Thu, 15 Jul 2010 12:07:02 CDT</pubDate>
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<guid>http://www.zimnewswatch.com/story.php?title=us1-billion-for-zimbabwe</guid>
<description><![CDATA[ZIMBABWE - HARARE - Zimbabwe's economy, which is set to grow by 5,4 percent this year, will benefit from a cash injection of at least US$1 billion from the Africa Export and Import Bank, South Africa and Botswana.<br/><br/>10 Vote(s) ]]></description>
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<title><![CDATA[ECONET Pays U.S. $10 Million Dividend]]></title>
<link>http://www.zimnewswatch.com/story.php?title=econet-pays-u-s-10-million-dividend</link>
<comments>http://www.zimnewswatch.com/story.php?title=econet-pays-u-s-10-million-dividend</comments>
<pubDate>Thu, 15 Jul 2010 12:04:53 CDT</pubDate>
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<guid>http://www.zimnewswatch.com/story.php?title=econet-pays-u-s-10-million-dividend</guid>
<description><![CDATA[Harare - ECONET Wireless Zimbabwe has paid US$10 million to its shareholders after declaring a cumulative US$0,14 dividend for the year ended February 2010.  The Zimbabwe Stock Exchange-quoted m...<br/><br/>27 Vote(s) ]]></description>
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<title><![CDATA[UPDATE 1-Zimbabwe June inflation slows to 5.3 pct y/y]]></title>
<link>http://www.zimnewswatch.com/story.php?title=update-1-zimbabwe-june-inflation-slows-to-5-3-pct-yy</link>
<comments>http://www.zimnewswatch.com/story.php?title=update-1-zimbabwe-june-inflation-slows-to-5-3-pct-yy</comments>
<pubDate>Thu, 15 Jul 2010 12:04:48 CDT</pubDate>
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<guid>http://www.zimnewswatch.com/story.php?title=update-1-zimbabwe-june-inflation-slows-to-5-3-pct-yy</guid>
<description><![CDATA[HARARE, July 15 (Reuters) - Zimbabwe's annual inflation<br />slowed to 5.3 percent in June, from 6.1 percent in May, due to<br />lower food prices, the Zimbabwe National Statistical Agency said<br />on Thursday.<br />  <br /><br/><br/>7 Vote(s) ]]></description>
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<title><![CDATA[South Africa Markets Returning to Normal After World Cup]]></title>
<link>http://www.zimnewswatch.com/story.php?title=south-africa-markets-returning-to-normal-after-world-cup</link>
<comments>http://www.zimnewswatch.com/story.php?title=south-africa-markets-returning-to-normal-after-world-cup</comments>
<pubDate>Wed, 14 Jul 2010 10:21:58 CDT</pubDate>
<dc:creator></dc:creator>
<category></category>
<guid>http://www.zimnewswatch.com/story.php?title=south-africa-markets-returning-to-normal-after-world-cup</guid>
<description><![CDATA[Harare - Trading on the South African markets is returning to normal after a month long lull during the FIFA World Cup soccer tournament.  South Africa Reserve Bank monetary policy committee mee...<br/><br/>20 Vote(s) ]]></description>
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<title><![CDATA[Finance Minister Banks On Diamonds]]></title>
<link>http://www.zimnewswatch.com/story.php?title=finance-minister-banks-on-diamonds</link>
<comments>http://www.zimnewswatch.com/story.php?title=finance-minister-banks-on-diamonds</comments>
<pubDate>Tue, 13 Jul 2010 07:53:47 CDT</pubDate>
<dc:creator></dc:creator>
<category></category>
<guid>http://www.zimnewswatch.com/story.php?title=finance-minister-banks-on-diamonds</guid>
<description><![CDATA[Harare - Finance Minister Tendai Biti will not propose a supplementary budget when he presents his Mid-Term Fiscal Policy Review Statement tomorrow, saying the future now hinges on the sale of d...<br/><br/>15 Vote(s) ]]></description>
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<title><![CDATA[UPDATE 1-Zimbabwe revises down GDP forecast to +5.4 pct:Mugabe]]></title>
<link>http://www.zimnewswatch.com/story.php?title=update-1-zimbabwe-revises-down-gdp-forecast-to-5-4-pctmugabe</link>
<comments>http://www.zimnewswatch.com/story.php?title=update-1-zimbabwe-revises-down-gdp-forecast-to-5-4-pctmugabe</comments>
<pubDate>Tue, 13 Jul 2010 07:53:22 CDT</pubDate>
<dc:creator></dc:creator>
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<guid>http://www.zimnewswatch.com/story.php?title=update-1-zimbabwe-revises-down-gdp-forecast-to-5-4-pctmugabe</guid>
<description><![CDATA[HARARE, July 13 (Reuters) - Zimbabwe's government is<br />targeting economic growth of 5.4 percent this year, President<br />Robert Mugabe said on Tuesday, down from an initial 7.7 percent<br />forecast as the economy struggles to attract donor support.<br />  <br /><br/><br/>20 Vote(s) ]]></description>
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<title><![CDATA[Lonzim to List On Stock Exchange]]></title>
<link>http://www.zimnewswatch.com/story.php?title=lonzim-to-list-on-stock-exchange</link>
<comments>http://www.zimnewswatch.com/story.php?title=lonzim-to-list-on-stock-exchange</comments>
<pubDate>Sat, 10 Jul 2010 08:11:08 CDT</pubDate>
<dc:creator></dc:creator>
<category></category>
<guid>http://www.zimnewswatch.com/story.php?title=lonzim-to-list-on-stock-exchange</guid>
<description><![CDATA[LONZIM, a company with interests in Zimbabwe and listed on AIM, will soon list on the ZSE, businessdigest has established.  Market sources say LonZim has approached a local corporate finance firm to a...<br/><br/>25 Vote(s) ]]></description>
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<title><![CDATA[Are IMF Policy Options to Country Feasible]]></title>
<link>http://www.zimnewswatch.com/story.php?title=are-imf-policy-options-to-country-feasible</link>
<comments>http://www.zimnewswatch.com/story.php?title=are-imf-policy-options-to-country-feasible</comments>
<pubDate>Sat, 10 Jul 2010 08:11:04 CDT</pubDate>
<dc:creator></dc:creator>
<category></category>
<guid>http://www.zimnewswatch.com/story.php?title=are-imf-policy-options-to-country-feasible</guid>
<description><![CDATA[. The report gives advice to the Government of Zimbabwe on three areas: (a) choice of a monetary regime, (b) debt reduction plan and (c) ways to improve public sector capital budget.  With respect to ...<br/><br/>10 Vote(s) ]]></description>
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<title><![CDATA[Australia Pledges U.S.$13 Million Financial Aid to Country]]></title>
<link>http://www.zimnewswatch.com/story.php?title=australia-pledges-u-s-13-million-financial-aid-to-country</link>
<comments>http://www.zimnewswatch.com/story.php?title=australia-pledges-u-s-13-million-financial-aid-to-country</comments>
<pubDate>Wed, 31 Mar 2010 14:48:01 CDT</pubDate>
<dc:creator></dc:creator>
<category></category>
<guid>http://www.zimnewswatch.com/story.php?title=australia-pledges-u-s-13-million-financial-aid-to-country</guid>
<description><![CDATA[Harare - THE Australian government has made a pledge to release US$13 million in indirect financial aid to Zimbabwe in a development expected to ease pressure on the fiscus' obligations to fundi...<br/><br/>13 Vote(s) ]]></description>
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<title><![CDATA[Small Banks Must Consider Mergers]]></title>
<link>http://www.zimnewswatch.com/story.php?title=small-banks-must-consider-mergers</link>
<comments>http://www.zimnewswatch.com/story.php?title=small-banks-must-consider-mergers</comments>
<pubDate>Wed, 31 Mar 2010 14:48:01 CDT</pubDate>
<dc:creator></dc:creator>
<category></category>
<guid>http://www.zimnewswatch.com/story.php?title=small-banks-must-consider-mergers</guid>
<description><![CDATA[IT LOOKS increasingly likely that some banks will not have met the minimum capital requirements set by the Reserve Bank of Zimbabwe when the deadline expires today.<br /><br />This is unfortunate. The requirements were low: just US$12,5 million for commercial banks, US$10 million for building societies and merchant banks and US$7,5 million for discount houses.<br /><br />In several cases, these requirements were<br/><br/>17 Vote(s) ]]></description>
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<title><![CDATA[South Africa, Zimbabwe Sign Investment Agreement]]></title>
<link>http://www.zimnewswatch.com/story.php?title=south-africa-zimbabwe-sign-investment-agreement</link>
<comments>http://www.zimnewswatch.com/story.php?title=south-africa-zimbabwe-sign-investment-agreement</comments>
<pubDate>Sat, 28 Nov 2009 09:22:07 CST</pubDate>
<dc:creator></dc:creator>
<category></category>
<guid>http://www.zimnewswatch.com/story.php?title=south-africa-zimbabwe-sign-investment-agreement</guid>
<description><![CDATA[Zimbabwe, South Africa sign long delayed trade deal after last minute attempt by South African farmers to stop the agreement from being signed was settled<br/><br/>12 Vote(s) ]]></description>
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<title><![CDATA[ACR Threatens to Sue Old Mutual Over Marange]]></title>
<link>http://www.zimnewswatch.com/story.php?title=acr-threatens-to-sue-old-mutual-over-marange</link>
<comments>http://www.zimnewswatch.com/story.php?title=acr-threatens-to-sue-old-mutual-over-marange</comments>
<pubDate>Sat, 28 Nov 2009 09:22:07 CST</pubDate>
<dc:creator></dc:creator>
<category></category>
<guid>http://www.zimnewswatch.com/story.php?title=acr-threatens-to-sue-old-mutual-over-marange</guid>
<description><![CDATA[FINANCIAL conglomerate Old Mutual (OM) has come under fire from London Stock Exchange-listed mining company, African Consolidated Resources (ACR), over its involvement in Marange Diamonds. ACR, which ...<br/><br/>26 Vote(s) ]]></description>
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<title><![CDATA[Securities Commission Revokes ISB Securities Suspension]]></title>
<link>http://www.zimnewswatch.com/story.php?title=securities-commission-revokes-isb-securities-suspension</link>
<comments>http://www.zimnewswatch.com/story.php?title=securities-commission-revokes-isb-securities-suspension</comments>
<pubDate>Sat, 28 Nov 2009 09:22:07 CST</pubDate>
<dc:creator></dc:creator>
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<guid>http://www.zimnewswatch.com/story.php?title=securities-commission-revokes-isb-securities-suspension</guid>
<description><![CDATA[THE Securities Commission of Zimbabwe (SEC) has revoked a three-week suspension from trading on the Zimbabwe Stock Exchange of ISB Securities and its managing director Geoff Mhlanga after its was sued...<br/><br/>28 Vote(s) ]]></description>
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<title><![CDATA[Zim predicts 15% economic growth over next 5 years]]></title>
<link>http://www.zimnewswatch.com/story.php?title=zim-predicts-15-economic-growth-over-next-5-years</link>
<comments>http://www.zimnewswatch.com/story.php?title=zim-predicts-15-economic-growth-over-next-5-years</comments>
<pubDate>Tue, 10 Nov 2009 17:57:55 CST</pubDate>
<dc:creator></dc:creator>
<category></category>
<guid>http://www.zimnewswatch.com/story.php?title=zim-predicts-15-economic-growth-over-next-5-years</guid>
<description><![CDATA[Economic Development Minister Elton Mangoma of Zimbabwe on Monday unveiled a mid-range plan to relaunch and transform the Zimbabwean economy over the next five years, envisioning an average rate of growth over the period of an ambitious 15%.<br/><br/>2 Vote(s) ]]></description>
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<title><![CDATA[ArcelorMittal S Africa Short-listed To Buy Zimbabwe Plant]]></title>
<link>http://www.zimnewswatch.com/story.php?title=arcelormittal-s-africa-short-listed-to-buy-zimbabwe-plant</link>
<comments>http://www.zimnewswatch.com/story.php?title=arcelormittal-s-africa-short-listed-to-buy-zimbabwe-plant</comments>
<pubDate>Thu, 29 Oct 2009 17:13:22 CDT</pubDate>
<dc:creator></dc:creator>
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<guid>http://www.zimnewswatch.com/story.php?title=arcelormittal-s-africa-short-listed-to-buy-zimbabwe-plant</guid>
<description><![CDATA[ArcelorMittal South Africa Ltd (ACL.JO), a unit of the world's largest steelmaker, is among two bidders shortlisted to buy a majority stake in predominantly state-owned Zimbabwe Iron and Steel Co., or Ziscosteel.<br />The company flew some of its executives to Harare to make a final presentation last week and expects the government to announce its decision to sell a majority stake to one of the bidde<br/><br/>27 Vote(s) ]]></description>
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<title><![CDATA[UPDATE 2-Zimbabwe to float grain bills to buy surplus maize]]></title>
<link>http://www.zimnewswatch.com/story.php?title=update-2-zimbabwe-to-float-grain-bills-to-buy-surplus-maize</link>
<comments>http://www.zimnewswatch.com/story.php?title=update-2-zimbabwe-to-float-grain-bills-to-buy-surplus-maize</comments>
<pubDate>Mon, 26 Oct 2009 19:02:59 CDT</pubDate>
<dc:creator></dc:creator>
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<guid>http://www.zimnewswatch.com/story.php?title=update-2-zimbabwe-to-float-grain-bills-to-buy-surplus-maize</guid>
<description><![CDATA[The Zimbabwe government will this week float $5 million in grain bills to buy surplus maize from farmers, who are expected to sell 400,000 tonnes of their crop to the market, Finance Minister Tendai Biti said on Monday.<br /><br />"We have a reasonable harvest from last season, of about 1.2 million tonnes, of which 400,000 tonnes will be the surplus available for the market," Biti told a news conference<br/><br/>7 Vote(s) ]]></description>
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<title><![CDATA[IMF sending team to examine Zimbabwe's economy]]></title>
<link>http://www.zimnewswatch.com/story.php?title=imf-sending-team-to-examine-zimbabwes-economy</link>
<comments>http://www.zimnewswatch.com/story.php?title=imf-sending-team-to-examine-zimbabwes-economy</comments>
<pubDate>Wed, 14 Oct 2009 07:30:20 CDT</pubDate>
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<guid>http://www.zimnewswatch.com/story.php?title=imf-sending-team-to-examine-zimbabwes-economy</guid>
<description><![CDATA[The International Monetary Fund has announced it will send a fact-finding mission to poverty-stricken Zimbabwe next week to assess the nation's "economic situation and prospects."<br/><br/>5 Vote(s) ]]></description>
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