Wednesday, November 22, 2017
Tinashe Makichi Zimbabwe needs to clear bilateral arrears with Japan if it is to access its $30 billion fund for Africa. In 2016, Japan availed a $30 billion fund to be used until 2019 in public and private support for infrastructure development, education and healthcare expansion in Africa. Without mentioning the...
Mamvura’s Market Minute Some weeks back, Mamvura was thinking about what fired up the first real Great Stock Market Rally back in the early days of hyperinflation. The exchange rate had moved exponentially upwards in the early part of 2002 and in early August that year, the Industrials rose 15,5...
The greater Kamativi area in which the town and mine are located is characterised by some hilly terrain, approximately 144 km2 in size, with numerous valleys and some swamps. Several small rivers run through the town and the Gwayi River, which is a major feature in the province, flows...
Business Writers The National Social Security Authority has obtained a stay of execution in the case where a former employee had obtained a default judgment, which entitled him to attach property worth over $600 000. This also comes amid indications that the newly appointed Minister of Public Service, Labour and...
Dr Tinashe Nyamunda There was a Cabinet reshuffle recently, which saw Patrick Chinamasa being moved to the Ministry of Cyber Security while former Home Affairs Minister Minister Ignatious Chombo was appointed as the Minister of Finance. It looks like the President wanted to try a new approach and benefit from...
Business Writers A defacto central bank, is what the market calls the country’s largest bank, CBZ, where the past two successive Reserve Bank of Zimbabwe (RBZ) governors came from and a third seemed to be en route. Never Nyemudzo took over as CEO on May 1, 2014 following the elevation of...
Art managed to recover to its January 1 level on Friday (only to lose it again on Wednesday), meaning there was only one counter in the minus on a year-to-date RTG. The prospects don’t look good either following NSSA’s purchase of FML’s stake at the beginning of October. Certainly this...
Enacy Mapakame The Reserve Bank of Zimbabwe (RBZ) does not know the amount of foreign currency the country is losing in illicit dealings annually. According to information from the RBZ; of the country’s foreign currency earnings, an unspecified amount is siphoned out of the system illegally. Imports account for a whopping 82...
Business Writer The Zimbabwe Asset Management Company (Zamco) is set to convert its $48 million Cottco debt into equity chief executive Cosmas Kanhai has said. The Cotton Company of Zimbabwe’s debts were part of the loans acquired by Zamco following its creation by the Reserve Bank of Zimbabwe for the...
Dr John Mangudya Following the release of this year's manufacturing survey, Reserve Bank of Zimbabwe Governor Dr John Mangudya expressed reservations at using capacity utilisation instead of using output as a measure of economic development. Dr Mangudya’s comments, captured below, followed a presentation of the Confederation of Zimbabwe Industries manufacturing...