Tuesday, November 20, 2018
Chris Chenga This year opened with a feverish rush, particularly in infrastructure. Beaming headlines in the Financial Times such as “investments in infrastructure assets soar”. Publications by advisory beacons McKinsey Global Institute, for instance, affirmed up to $57 trillion worth of opportunity over the next 15 years in potential...
Hebert Zharare Growing up and playing in dusty roads at Magunje Growth Point in the 1980s, Thomas Chasara, envied the entrepreneurial skills and business acumen his father displayed when running an auto repair business at the centre. There was brisk business, especially when maize transporters using tractors, light trucks and lorries...
Livingstone Marufu Government has maintained its stance that it will not allow donkey slaughter for commercial purposes as this will affect the country’s agriculture sector. Authorities believe donkeys’ importance to the country’s rural population that accounts for 60 percent of the population, transcend the desire for hides and meat exports. This...
Dr Tinashe Nyamunda The Economy Corner As I continue examining different aspects of Zimbabwe’s emerging post 2000s economy, I am drawn to the concept of “ease of doing business in Zimbabwe”. If any aspired development is to take place or any serious investors are to be attracted, this is one...
Bitcoin surged Thursday, recovering from a sharp sell-off to briefly top $12,000. The volatile digital currency hit a high of $12,045.09, up 30,9 percent from a low of $9,199.59 a day ago on CoinDesk. CoinDesk’s bitcoin price index tracks prices from Bitstamp, Coinbase, itBit and Bitfinex. Bitcoin traded about 27...
Some people, and perhaps many readers of Business Weekly, will be surprised that annual inflation rose to “just” 2,24 percent in October, which takes into account many of those panic price rises towards the end of September. But there is no cheating at Zimstat, the Zimbabwe National Statistics Agency. The...
Brendrick Wamambo The mid-term Monetary Policy Statement presented on Wednesday gives a good picture of recent economic developments. There is more disclosure on the stock of Treasury Bills, the worsening cash situation and the causes of currency shortages. It is also a sobering presentation in that it alludes to the...
Albert Norumedzo The concept of aggregating financial resources to create capacity is the core concept behind the principle of banking. In simple terms, a bank is an intermediary financial institution that aggregates savings from different sources (often referred to as providers of capital) and lends these savings to businesses and individuals...
Excerpts from the preface by R. Ramakumar for the upcoming book “Note-Bandi: Demonetisation and India’s Elusive Chase for Black Money”. “Demonetisation” — the withdrawal of legal tender status of notes of denomination Rs 500 and Rs 1 000 — announced by India’s Prime Minister Narendra Modi over a televised address...
An increase in contribution of non-voice revenue to 63 percent of total and a reduction in finance costs by $10,7 million led Econet Wireless Zimbabwe to an exceptional performance for the half year to August 31, 2017. The group’s revenue grew 17 percent to $352,67 million while after-tax profit...