ZIMBABWE’s current account is expected to record a stronger surplus position of about US$1,091 billion this year.
This is higher than the initial projection of US$611,5 million, the Reserve Bank of Zimbabwe says.
Current account surpluses refer to positive current account balances, healthy for the economy.
This means that a country had more exports than imports of goods and services, implying a country able to meet all its external obligations.
Exports earn the country foreign currency, while imports take it out, hence the need to grow industry.
Meanwhile, the European Union has given Zimbabwean exports preferencial treatment.
The Zimbabwe Republic Police (ZRP) has reported a sad incident which occurred at a house… Read More
The Reserve Bank of Zimbabwe -RBZ- has released the latest prices for the gold coins… Read More
In the world of sports performance enhancement, athletes are constantly seeking new methods to gain… Read More
Zimbabwean beauty queen, Nokutenda Marumba is in the top five at the Miss World Head… Read More
Chaplain Phiri was overcome with emotion as she expressed her gratitude to Sir Wicknell for… Read More