Business

Zimbabwe reviews inflation projections

Zimbabwe inflation rate hit 131.7% in May, rise attributed to war in Ukraine

Zimbabwe's annual inflation may breach the upper cap of 25 percent target in 2021 on surging global commodity markets, supply disruptions, stimulus interventions and currencies depreciation induced by the coronavirus pandemic.

Zim external debt rise to US$17bn

Zimbabwe inflation rate hit 131.7% in May, rise attributed to war in Ukraine

The country is in debt-distress as it closed the year 2020 owing to its external creditors as much as US$10,523 billion in Public and Publicly Guaranteed debt with more expected to be loaded on the total bill, Business Weekly revealed in a report.