Zimbabwe’s trade deficit narrowed by 5 percent to $1.3 billion in the first half of the year, after exports fell 9 percent, latest data from the Zimbabwe National Statistics Agency (Zimstat) shows.
Former United States Assistant Secretary of State for African Affairs Jendayi Frazer piled pressure on South Africa to push for President Robert Mugabe’s resignation in favour of his Vice-President, Joice Mujuru, days before the inclusive government was sworn in.
Zimbabwe’s energy regulator will go ahead with plans to introduce mandatory fuel marking which it says will curb rampant fuel smuggling which is prejudicing the country of an estimated $1 billion annually in unpaid taxes.
The Zimbabwe Stock Exchange industrial index advanced one percent to close the week on 202.06 points, its highest point in 40 months, while the mining index weakened by 5.14 percent to settle at 65.45 points after losses in Bindura.
Although America’s right-wing plutocrats may disagree about how to rank the country’s major problems – for example, inequality, slow growth, low productivity, opioid addiction, poor schools, and deteriorating infrastructure – the solution is always the same: lower taxes and deregulation, to “incentivize” investors and “free up” the economy.
A war veteran said to have been an aide of former Vice-President Joshua Nkomo reportedly told the United States embassy in Harare that a group of five high-ranking military officials planned to overthrow President Robert Mugabe while he was away in Kampala attending a regional meeting.