Investors scared of investing and losing money in corrupt Zimbabwe
HARARE, November 8 (The Source) – The Zimbabwe Investment Authority (ZIA) says the perception of Zimbabwe as a highly corrupt country, coupled with economic and political instability make it difficult...
View ArticleAfter #Germany refuses to print Bond notes, Zimbabwe prints its own currency...
News24 Correspondent Harare – If Zimbabwe’s little-liked bond notes aren’t being printed in Germany or South Africa, where are they being printed? Zimbabwe, of course, say opposition officials. Until...
View Article#Zimbabwe has lost US$60 billion to corruption since 1980
BULAWAYO South MP Eddie Cross (MDC-T) has claimed that Zimbabwe has since independence lost over $60 billion due to corruption. BY VENERANDA LANGA Cross said this in the National Assembly while...
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Zimbabwe citizens spend nights outside banks as banks run out of US Dollars...
Why Zimbabweans are spending the night outside banks By Shingai NyokaBBC Africa, Harare Image caption. It is midnight and about 30 people are preparing to settle down for the night on the streets of...
View ArticleZimbabwe Business Urges Use of Rand as Primary Currency instead of Worthless...
The Confederation of Zimbabwe Industries, the country’s largest business lobby group, said the government should adopt the South African rand as its “reference currency” instead of the dollar. While...
View ArticleZimbabwe Central Bank Governor Pleads with International Airlines to Accept...
Harare – The Reserve Bank of Zimbabwe (RBZ) has assured international airlines operating sales offices in Zimbabwe that acceptance of bond notes as payment method will not affect repatriation of their...
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Hopeless, Broke and Divided, Zimbabwe Eagerly Wait for Life after Robert Mugabe
IN MANY of the poorest African dictatorships of recent decades, the best-paved road ran from the presidential palace to the airport, in case the Big Man and his entourage needed to escape in a hurry....
View ArticleZimbabwe Central Bank Chief: New Currency Bond Notes ‘out in two weeks’, in...
News24 Correspondent Harare – Rumours of a delay in the introduction of Zimbabwe’s unpopular bond notes aren’t true if central bank chief John Mangudya is to be believed: he says they’ll be out in two...
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How one Zimbabwe politician seized and turned a multi-million dollar...
Chigwell Estate used to be a multi-million dollar business that produced citrus fruits for export to the Middle East, Europe and Russia. BY BLESSED MHLANGA Just a decade ago, the farm used to employ 1...
View ArticleZimbabwe loses US$11 Billion in investments
US$11bn projects dead in the water . . . President’s Office steps in to grow FDI Africa Moyo — GOVERNMENT departments and agencies whose mandate is to lure foreign direct investment are fretting over...
View ArticleZimbabwe President Mugabe assures government workers end of year bonus, paid...
Harare Bureau PRESIDENT Mugabe has summoned ministers Patrick Chinamasa (Finance and Economic Development) and Priscah Mupfumira (Public Service, Labour and Social Welfare) for a crunch meeting to...
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Do you have change for a billion? The mad world of Zimbabwe’s currency
If President Mugabe was expecting his people to welcome news that the country was to get its own currency again, he will have been sorely disappointed. There has been a rather hostile reception from...
View ArticleTHINK AGAIN: Can the rand rescue #Zimbabwe economy?
THINK AGAIN: Can the rand rescue Zimbabwe’s economy? Zimbabwe’s economic malaise could be eased by monetary reform – but the real challenge is a political one. BY SIMON ALLISON Tendai Biti sits in...
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Is Zimbabwe on the Brink of Another Economic Crisis?
by Corrina Vali After considerable economic recovery and growth from 2009 to 2012, the Zimbabwean economy is projected to grow by a meagre 0.4% in 2016. The slowdown is believed to be the result of the...
View ArticleZimbabwe economy: Bond notes raise fears of return to 2008
Zimbabwe economy: Bond notes raise fears of return to 2008 Nov. 14 (Economist Intelligence Unit) — Some six months after the plan was first announced, bond notes are due to be introduced in November....
View ArticleSpar Supermarkets pulls out of Zimbabwe citing tough economy
Spar Group pulls out of Zimbabwe citing tough economy TJ Strydom, Reuters / 16 November 2016 12:22 JOHANNESBURG – South African retailer and wholesaler Spar Group has closed its distribution centre...
View ArticleDemocratic Republic of Congo signs over US$880 million mining royalties to...
Global Witness on Monday revealed that Gecamines, the state mining company of the Democratic Republic of Congo last year signed over royalty rights in the Kamoto Copper Company (KCC) owned and operated...
View ArticleWhy Bond Notes Will Be The Final Nail Into The Already Comatose #Zimbabwe...
Why Bond Notes Will Be The Final Nail Into The Already Comatose #Zimbabwe Economy Coffin ZIMBABWE Independent business writer Taurai Mangudhla (TM) interviewed world-renowned currency expert Steve...
View ArticleZimbabwe Tourism Minister Walter Mzemb attacks introduction of bond notes and...
A Zimbabwe cabinet minister has launched an sharp attack on bond notes saying its wise to use the South African rand. Tourism minister, Walter Mzembi told a South African news outlet, ANN7 on...
View ArticleHow #Zimbabwe New Currency “Bond Notes” Are A Fraud
WHILE a lot has been said about the issue of the proposed bond notes, what economists and analysts are missing is their impact on international trade. The simplistic view being taken is that these are...
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