The Global Trade Review, the global trade finance magazine, has named the US$296 million project to rebuild Beitbridge Border Post among its top 11 worldwide deals of the year.
Global Trade Review selects the...
CBZ Holdings, the biggest bank in Zimbabwe, plans to list on the U.S. dollar-denominated Victoria Falls Stock Exchange (VFEX), as part of efforts to ignite foreign interest in the lender.
The firm is “actively...
The European Investment Bank (EIB) has agreed a €15 million fund to support Zimbabwean businesses hit by COVID-19, the first such financing to the country by the bank in over two decades.
The fund,...
Caledonia Mining Corp. has started operations at its US$67 million Central Shaft at Blanket Mine, the company announced on Tuesday.
The shaft, which has taken six years to complete, was wholly funded through internally...
COVID-19 created a class of ‘new poor’ in Zimbabwe as company closures and economic decline worsened Zimbabwe’s jobless crisis, according to a research firm.
In its outlook for 2021, Morgan & Co says rising...
The head of Old Mutual Zimbabwe says there are green shoots appearing in the economy after the devastation of a severe drought and the coronavirus pandemic.
“There are good signs emerging in economic sub-sectors...
Nigeria’s biggest bank is in talks to take over BancABC and other African assets of pan-African banking group Atlas Mara.
Access Bank Plc is interested in Atlas Mara’s businesses in Botswana, Zimbabwe and Zambia, Bloomberg reported, citing sources familiar with...
Zimbabwe’s largest bank says the U.S Treasury Department has cleared it of having to pay a US$385 million penalty for processing transactions on behalf of a local lender that was under American sanctions.
The Treasury’s Office of Foreign Assets Control...
By Melanie Robinson and Niculin Jaeger
The World Bank says remittances to low and middle income countries will fall by 20 percent in 2020 because of coronavirus. The UK and Switzerland are taking action.
The coronavirus pandemic and its economic effects...
By Perry Munzwembiri
Exactly 30 days after a harried Mthuli Ncube wrote to the International Monetary Fund pleading for debt relief and financial assistance to help Zimbabwe’s fight against Covid-19, the finance minister...
