Africa’s economy is this year expected to grow by 2.6 but that will not be enough to keep up with the continent’s growing population, the International Monetary Fund said in a report released yesterday. The region’s growth slowed sharply in 2016, averaging 1.4 percent, the lowest in two decades as about two-thirds of the countries in the region which account for 83 percent of the region’s GDP, slowed down.
Delta Corporation today reported a 10 percent fall in revenue to $483 million in the full year to March 31, compared to $538 million in the previous year as demand remained depressed in the face of falling incomes.
The Grain Marketing Board, which will be handling this year’s bumper harvest, has still not delivered some inputs bought by farmers in 2008.
Movement for Democratic Change Shadow Minister for Local Government Eddie Cross says more than 500 000 homes in Harare are on land that was illegally allocated by land barons on a political and patronage basis.
The Zimbabwe African National Union-Patriotic Front polls to elect a new provincial chairman for Masvingo will go ahead today as scheduled despite the pulling out of one of the candidates Mutero Masanganise.
The Zimbabwe Stock Exchange industrial index this week advanced 1.61 percent to 145.26 points on the back of gains recorded by heavyweight counters.