Thu, Mar 22, 2012
The African Development Bank (AfDB) will host the Friends of Zimbabwe Roundtable, to discuss economic and political developments in the country on 23 March. The meeting will also focus on the prospects of dealing with the country's external debt arreears.
Thu, Mar 22, 2012
HARARE – Zimbabwe plans to float a $100-million bond to rebuild its dilapidated infrastructure as the country struggles to attract foreign investment, the finance minister said on Wednesday.
Wed, Mar 21, 2012
A CHURCHGOER died of a suspected heart attack whilst leading a prayer for a footballer who suffered a cardiac arrest during a match.
Wed, Mar 21, 2012
HARARE — Zimbabwe needs at least $14 billion to revive the economy following a decade-long downturn, Finance Minister Tendai Biti said on Wednesday.
Sun, Mar 18, 2012
No clarity on how the cash-strapped state will fund its big stick approach.
Sun, Mar 18, 2012
New Delhi : Indian companies were Sunday invited to invest in various sectors in Zimbabwe, including infrastructure development, mining and diamond cutting and polishing.
Sat, Mar 17, 2012
Reserve Bank of Zimbabwe Governor Gideon Gono has vowed to resist moves by government to seize majority shareholding in foreign-owned banks saying he is ready to issue licences to locals with the capacity to start their own institutions.
Sun, Mar 11, 2012
THE US$600 million Chisumbanje ethanol project is threatened with collapse as Zanu PF chefs, including Cabinet ministers, demand free shares in the lucrative venture under the guise of indigenisation.
Fri, Mar 09, 2012
Zimbabwe has been ranked the third most favoured investment destination in Africa over the next three years, behind Nigeria and Kenya, according to a survey on Institutional Investor Intentions to 2016 which the Economic Intelligence Unit (EIU) conducted recently.
Mon, Mar 05, 2012
HARARE - In yet another indication that Mines minister Obert Mpofu is a man of significant means, the senior Zanu PF politician-cum-businessman is buying into one of the country’s struggling banks.
Tue, Feb 28, 2012
HARARE - Once one of the biggest economies in southern Africa, Zimbabwe has shrunk to less than half of Zambia, Malawi and Namibia's economies, the National Economic Consultative Forum Executive Secretary, Amos Mushaninga has said.
Mon, Feb 27, 2012
After a decade of economic collapse blamed on long serving President Robert Mugabe's opaque economic policies, Zimbabwe is daring to dream again.
Mon, Feb 27, 2012
Local Government minister Ignatius Chombo and his estranged wife Marian are among several top government officials that owe the national power utility Zesa huge amounts of money in unpaid bills.
Sun, Feb 26, 2012
GENESIS Investment Bank, a subsidiary of Genesis Financial Holdings Limited, has failed to pay its workers salaries for the past ten months, a local business weekly revealed.
Sat, Feb 25, 2012
THE conflict between Finance minister Tendai Biti and Zimbabwe Revenue Authority (Zimra) boss Gershem Pasi (pictured right), in which the minister is trying to relieve the tax chief of his job escalated this week, with the chief tax-collector getting the backing of President Robert Mugabe and several cabinet ministers to retain his job.
Wed, Feb 22, 2012
Zimbabwe's battling banking sector repatriated at least US$71 million in a week to ease a liquidity crisis that straddled the country's stricken economy.
Fri, Feb 17, 2012
JOHANNESBURG – Zimbabwe rolled out a raft of measures this week to boost stability in the country's financial sector, decimated by its economic crisis and investor flight.
Fri, Feb 17, 2012
HARARE, Zimbabwe — The European Union said Friday it has removed 51 loyalists of Zimbabwe’s president from a list of people facing travel and banking bans in their countries.
Thu, Feb 16, 2012
Zimbabwe Congress of Trade Unions Secretary General Japhet Moyo said slowing inflation was only somewhat helpful to underpaid workers
Wed, Feb 15, 2012
ZANU-PF sources supporting FM Biti and CB Governor Gono say some of the party hardliners demanding shares in banks are the same people who borrowed millions in loans from state banks and never repaid them
Thu, Feb 09, 2012
HARARE - Some commercial banks in Harare have run out of United States dollars, sending shock waves within the business community.
Sun, Feb 05, 2012
HARARE, - COMMERCIAL banks in Zimbabwe have slapped a US$10 000 monthly withdrawal limit on all companies operating in the country.
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