Business

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Zim not recognised among emerging economies

ZIMBABWE has failed to make it to the list of the world’s top 66 emerging economies — a list topped by neighbouring Botswana — due to high public and foreign debts and insufficient foreign reserves, among others. BY MTHANDAZO NYONI According to The Economist report on the financial strength of …

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IH Securities raises red flag over stimulus package

LOCAL financial services firm, IH Securities has raised concern over how the $18 billion stimulus package will be funded considering that government has not been able to secure external funding. BY TATIRA ZWINOIRA Last month, Finance minister Mthuli Ncube wrote to international financial institutions (IFIs) asking for a bailout or …

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Zimbabwean government pins hope on amacimbi

Business / Local Zimbabwean government pins hope on amacimbi by Mandla Ndlovu <!– –> Zimbabwe’s investment promotion body Zimtrade has revealed that the country is planning to penetrate the European market and  begin the exportation of amacimbi. . Speaking to some sections of the media Zimtrade CEO Allan Majuru was …

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DIDG vows to pursue NRZ deal

THE Diaspora Infrastructure Development Group (DIDG) has vowed to pursue the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation deal to the end following its termination by government last year. BY MTHANDAZO NYONI Government last year, under the instigation of Transport and Infrastructural Development minister Joel Biggie Matiza (pictured), cancelled …

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Zimbabwe: African Development Bank Executive Directors conduct consultative mission, tour project sites

Business / Economy Zimbabwe: African Development Bank Executive Directors conduct consultative mission, tour project sites by APO <!– –> HARARE – A seven-member delegation of Executive Directors of the African Development Bank (www.AfDB.org) visited Zimbabwe on a week-long fact-finding mission where they held meetings with a number of officials including …

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Mthuli Ncube secretly printing money in Zimbabwe

Business / Local Mthuli Ncube secretly printing money in Zimbabwe by Mandla Ndlovu <!– –> Finance and Economic Development Minister Mthuli Ncube and the Reserve Bank of Zimbabwe have been secretly printing Zimbabwe Dollars the Financial Times has reported. Quoting people familiar with the discussions between Harare and the IMF, …

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Zimnat recognises top performing agents

Business / Companies Zimnat recognises top performing agents by Agencies <!– –> The Zimnat Group on Friday (February 28) acknowledged the success of its top performing agents last year by presenting them with awards at the Zimnat Annual Agents Awards 2020 ceremony at Cresta Lodge in Harare. Awards were presented …

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