Wednesday, January 16, 2019
Golden Sibanda Cabs — the banking unit of Old Mutual Zimbabwe — says it has witnessed strong interest from clients keen on opening prepaid MasterCard accounts administered by the building society, an official said. Deputy managing director Mehluli Mpofu, said CABS was on a drive to encourage clients to open foreign...
Africa Moyo Zimbabwe is set to join a top global mining institution, the Extractive Industries Transparency Initiative (EITI), as it seeks to subscribe to international best practices in the management of natural resources. EITI, the global standard for the good governance of oil, gas and mineral resources; endeavours to promote the...
Taking Stock Kudzanai Sharara It’s not a surprise that activity on the Zimbabwe Stock Exchange for 2018 was largely higher than what has been experienced over the years. To put it into context, activity on the bourse is largely mirroring the excess liquidity in the country’s banking system where $10 billion...
Oliver Kazunga The African Development Bank (AfDB) has approved the 2019 borrowing programme to the tune of $7,24 billion from capital markets. The regional financier accesses a wide array of capital markets with a majority of its borrowing in United States dollars and euros as well as issuances in other public...
Michael Magoronga Gold miners have said they are optimistic that they will surpass the 2019 gold production target of 34 tonnes and called on Government to continue playing its supportive role in the mining sector.Government recently announced a 34 tonne target of gold production next year, up from 2018 target...
Gertrude Mawire A Customs Clearing Agent’s role sometimes calls for making a number of payments to third parties on behalf of the importer or exporter at the time of customs clearance. With the proliferation of import and export controls and the generally bureaucratic customs processes at the border, it is...
Oliver Kazunga Zimbabwe’S tobacco export earnings closed year 2018 at $892 million from 184,1 million kilogrammes exported to different parts around the world. According to data from the Tobacco Industry and Marketing Board (TIMB), last year’s crop was exported at an average price of $4,85 a kg. In 2017, the country earned...
Driven by population growth and growing land scarcity, most African farm households are witnessing the gradual sub-division of their land. Over time farms are getting smaller and smaller. Today, over 80 percent of farms in relatively densely populated countries — like Kenya, Ethiopia, Malawi and Rwanda are smaller than...
Gold keeps its glow into 2019 as growth concerns spur demand for safe haven Gold has closed out 2018 on a strong note, its haven demand reinvigorated by volatile trading in global equities, rising concern about the economic outlook and a drawn-out government shutdown in the US. Spot bullion is holding...
Clive Mphambela On Wednesday, one of the country’s largest companies, Delta Corporation announced plans to price its entire beverage product range in US dollars. The announcement triggered a social media frenzy and a loud outcry, with most people decrying the move. Government has also weighed in, describing the proposed changes...