THE government will, at the end of September, announce measures to address the ongoing currency crisis, when the central bank makes its monetary policy statement, newly appointed Finance Minister Mthuli Ncube said on Monday.
Dollarised Zimbabwe has grappled with a...
AT the height of the 2004 liquidity crisis, the then newly appointed central bank governor, Gideon Gono, cracked down on local banks with the zeal of a crusader and sent several owner-managers scattering.
Gono accused the banks of abusing depositor...
PRESIDENT Emmerson Mnangagwa on Friday named respected banker and academic Mthuli Ncube as Finance Minister and dropped several veterans from a 20-member Cabinet that bore more pleasant surprises than disappointments.
Mnangagwa, who assumed the presidency after former leader Robert Mugabe...
AIM-listed miner Vast Resources PLC has raised £863,750 through a subscription, part of which will be used for due diligence at the Marange Diamond Fields.
The company announced recently that it had reached an agreement giving it access to the...
ZIMBABWEAN government officials routinely talk up the country’s “special relationship with all-weather friend” China.
Beijing has, indeed, provided some refuge to Zimbabwe, which was frozen out by its traditional western donors and shut out from the international capital markets for...
China has announced $60 billion in new funding to Africa, and the scramble is on among African leaders for a piece of that pie. China’s massive “belt and road” initiative will see Chinese investment in infrastructure across the region,...
In April this year, the State-controlled Herald splashed a triumphant headline across its front page: “Chinese company to build $7bn tourism city”.
A Chinese firm, the Touchroad Group, planned to build a $7 billion tourism city in Zimbabwe, the paper...
CABINET speculation season is upon us and, once again, Zimbabweans are demanding the appointment of technocrats into Government. As if they voted for them.
Newspaper headlines are calling for these so-called technocrats. Social media is lining up a list of...
TURNALL Holdings reported its biggest half-year profit since dollarisation in the first half of 2018, driven by strong volume growth and an unlikely upswing in construction activity in the country.
The company reported $1.4 million net profit, from a $295,000...
BARCLAYS Bank Zimbabwe becomes First Capital Bank in October, shedding its century-old brand, but the bank has already abandoned its former conservatism, gorging on government securities in a manner it never did under its previous owners.
FMB Capital of Malawi...
