Search results for 'Trade deficit'
World
China's Trade Surplus Shrinks on Falling Exports, Imports: What are the Implications?

China's trade surplus for June decreased due to a decline in both imports and exports, which indicates a shift in the balance of trade. This shift has significant implications for China's economy and

Jul 13, 2023
Zimbabwe
Zimbabwe's Trade Deficit Soars: Enters Triple-Digit Territory

Zimbabwe's trade deficit expanded to a three-digit figure in July 2023, marking a significant increase compared to the two-digit deficit recorded in June 2023. The total value of exports in July 2023

Aug 30, 2023
Zimbabwe
Zimbabwe's Trade Woes Deepen as Deficit Balloons in April

Zimbabwe's trade deficit for April widened to $256.9 million, a 37.9% increase from the $186.3 million deficit recorded in March 2024. This marked the fourth consecutive month of Zimbabwe trading in t

May 31, 2024
Zimbabwe
Gold Reclaims Top Export Position in May

In a remarkable turn of events, the precious mineral, gold, has reclaimed its coveted position as Zimbabwe's primary export commodity, accounting for 42.5% of the nation's overall exports as of May 2

Jul 02, 2024
Zimbabwe
Exports Trade Mix: Gold Lose Lustre, Nickel Mattes Gain Ground

Zimbabwe's gold exports for June 2024 remained the top export, but fell to 30.5% according to data released by the country's statistics agency, ZIMSTAT. This is down from a higher of 42.8% in May, a

Jul 29, 2024
Zimbabwe
Zimbabwe’s Trade Deficit Surpasses US$200M in June

Zimbabwe's trade deficit surged in June 2024, reaching over $200 million. The latest data from Zimstat shows the deficit rose by 39.6% to $218.9 million, up from $156.8 million in May 2024. A trade d

Jul 29, 2024

Top Stories

Zimbabwe Introduces $5k Penalty for Telecoms with Subpar Network Quality

The government has implemented stringent penalties for network service providers, imposing fines of up to US$5,000 for poor-quality services. The country boasts a competitive telecommunications indus

15 hours ago

Revitus REIT Sees Recovery in Short Term: Turnaround Story for New Entrants

Revitus Limited is expecting a recovery in occupancy and yield ratios specifically starting FY25 as the REIT’s refurbishment of Chester House (Harare) is at an advanced stage with final technical appr

19 hours ago

CBZ Holdings’ Half-Year Profit Nearly Halves

CBZ Holdings experienced a significant contraction in net profitability during the half-year ended June 30, 2024, as total revenue income and tax liabilities escalated substantially. The group's prof

Sep 06, 2024

NTS Shifts Focus to Personal Selling After Closing Four Retail Outlets

In a strategic move to adapt to market challenges, National Tyre Service (NTS) has shifted its focus to personal selling following the closure of four retail outlets at the beginning of the financial

Sep 06, 2024

ZiG Starts September on Lower Note

Zimbabwe Gold (ZiG) has opened the first week of September on a lower note, trading at 13.8603, down from 13.8546 on August 30, 2024. Further declines have been observed, with the rate weakening to Z

Sep 05, 2024

Forum on China-Africa Cooperation: Zim Seals Historic Avocado Exports Deal with China

Zimbabwe has signed a historic trade deal that paves the way for its avocados to be exported to the Chinese market for the first time during the Forum on China-Africa Cooperation (FOCAC) in Beijing.

Sep 05, 2024

Capitalizing on Recovery: ASUN Sells Underperforming Hotels for $6.9 Million to TD Hotels & Leisure

Zimbabwe’s largest hotel group, African Sun Limited (ASUN) is disposing two of its hotels: the Great Zimbabwe Hotel, located in Masvingo, and the Beitbridge Express Hotel, situated in Beitbridge accor

Sep 04, 2024

ZiG’s Recovery Path: RBZ Implements Additional Measures to Sanitise Foreign Exchange Transactions

The Reserve Bank of Zimbabwe has passed extra measures to sanitize the exchange control directives through enhancing transparency and efficiency in foreign exchange transactions to support Zimbabwe Go

Sep 04, 2024