The International Monetary Fund has warned Zimbabwe that excessive government spending could worsen the current cash crisis and ultimately fuel inflation.
The Movement for Democratic Change led by Morgan Tsvangirai has called on the Zimbabwe Revenue Authority to investigate whether the Zimbabwe African National Union-Patriotic Front paid duty on at least 365 vehicles that the party is reported to have bought in preparation for the elections next year.
Zimbabwe’s year on year inflation rate for the month of April gained 0.27 percentage points to 0.48 percent, the statistics agency reported today. Month on month the inflation rate was up 0.02 percentage points on the March 2017 rate of 0.03 percent to 0.05 percent, Zimstat said.
CFI Holdings has narrowed its after-tax loss to $272 784 in the six months to March 31, from a $6.1 million loss incurred in the prior half year-end, supported by the improved performance of its Farm and City unit.
Fish farmers in Masvingo say the industry is under threat from high regulatory fees which are demanded by different government departments.