Zim first quarter trade deficit narrows: Exports increase by US$100m, Imports remain flat at US$1,3bn & Locals import $3m pampers in three months
ZIMBABWE’S trade deficit narrowed by 14,5 percent (US$98 million) to US$576 million in the first three months of the year from the same period a year earlier, as exports jumped 15,7 percent to US$724 million driven mainly by mineral exports and tobacco. The influx of foreign goods — notwithstanding the implementation of Statutory Instrument (SI) […]
Zimbabwe Govt Squandered Diamond Revenues
DESPITE complaints from government which make it appear as though Treasury did not receive meaningful remittances from diamond mining companies, it has emerged the fiscus got US$472 million from Mbada Diamonds in royalties, dividends and other taxes between 2010 and 2015. However, the money was largely diverted to fund salaries and recurrent expenditure at the […]
