Friday, September 21, 2018
Africa Moyo The resumption of works at the expansion of the Hwange Thermal Power Station (HPS) and modernisation of the Robert Gabriel Mugabe International Airport, a few weeks after ground-breaking ceremonies, is testimony to the new administration’s commitment to implementing key projects on time. President Emmerson Mnangagwa commissioned at the expansion...
Jeffrey Gogo Cryptocurrency is likely to flourish under new Minister of Finance and Economic Development Mthuli Ncube, if his views carry the day. The economics professor has spoken positively on how Zimbabwe needed to be open-minded about cryptocurrency and the distributed ledger technology that underpins them. “I think the attitude for Zimbabwe...
Martin Kadzere Reforms proposed by Zimbabwe’s pension body will help the country mobilise about $1 billion in retirement savings per year to fund infrastructure projects. The reforms — expected to be presented to stakeholders today by the Insurance and Pension Commission also seek to enable workers in the informal sector to...
Persistence Gwanyanya Congratulations to Mthuli Ncube for landing such a crucial post of Minister of Finance and Economic Development in the highly expecting Second Republic of Zimbabwe!! Your invaluable international experience in areas of economics, finance and public policy together with the respect you now command globally will undoubtedly take us...
The Great Crypto Crash of 2018 looks more and more like one for the record books. As virtual currencies plumbed new depths on Wednesday, the MVIS CryptoCompare Digital Assets 10 Index extended its collapse from a January high to 80 percent. The tumble has now surpassed the Nasdaq Composite Index’s...
Some 41 currencies serve the African continent. Many of these are characterised by their illiquid and rarely traded status on the global financial market, as well as their volatility. So for those wishing to do business with Africa, these currencies — as difficult and expensive to source — can pose...
Strive Masiyiwa When President Paul Kagame asked me to participate in a ceremony to name 23 baby gorillas a few days ago, I thought it was cool, and it earned some bragging rights for my youngest daughter among her animal-loving schoolmates . . . “My dad went to name a...
Martin Kadzere The Infrastructural Development Bank of Zimbabwe is making a fundamental move of expanding its investments towards climate change projects, an official said. The bank - largely owned by the Government - and recently received equity capital boost of $150 million from its anchor shareholder is working on Climate Finance...
Taking Stock Kudzanai Sharara Currency concerns, a growing budget deficit, a ballooning domestic debt, and a growing trade deficit, are some of the biggest challenges newly appointed Finance and Economic Development Minister Mthuli Ncube is expected to tackle. All four and many others are critical, but Professor Ncube’s performance, like his...
Africa Moyo Agricultural Marketing Authority (AMA), yesterday launched a bid to raise $75 million for the purchase of maize from farmers in the 2018 season. AMA, which recently came under attack from Government and farmers for dereliction of duty, said the maize would be bought through the Grain Marketing Board (GMB). Said...