Everyone wants to operate on normal terms of doing business. At present, Zimbabwe does not have these, judging by Standard Chartered plc's exit, writes Perry Munzwembiri
__
The curtains are...
Under scrutiny over rising prices and a weakening currency, Finance Minister Mthuli Ncube offered up an easy scapegoat on Tuesday; global prices are rising and there's little we can do about it.
Ncube says...
On Friday, the IMF released a detailed staff report on the state of the Zimbabwe economy. This is part of the IMF’s routine Article IV consultations.
In the report, the IMF assesses the state...
Zimbabwe's foreign debt was US$13.2 billion last year, according to Treasury data. This includes US$716 million to the African Development Bank (AfDB). Between January and September last year, Zimbabwe only made token payments of US$44.2 million, reflecting...
A capital shortfall of US$10 billion over the next five years will limit Zimbabwean mines' ability to build on better commodity prices expected this year, the Chamber of Mines says.
Gold and platinum producers...
Auditor-General Mildred Chiri has tabled her 2020 report to Parliament, and it again lays bare the mismanagement of tax dollars by Government.
Payments were made with no paper trail, goods - from cars to...
The government has granted energy explorer Invictus Energy access to a larger exploration area, seven times its current licensed area, as the two parties move into a critical phase; a production sharing agreement.
The...
PPC, Africa’s biggest cement company, says cement sales in Zimbabwe grew 25% year-on-year up to March, on better-than-expected demand from individual buyers and government projects.
Cement sales are expected to come in 36% better...
Kibo Energy plc, a UK renewable energy company listed in London and Johannesburg, has acquired the 100MW Victoria Falls Solar Park project for US$13 million.
The first 25MW of the project is fully funded...
Zimbabwe is in no rush to lower its economic growth and inflation expectations for 2021, Finance Minister Mthuli Ncube says, despite the grave risk brought by turmoil on the world markets.
Government has projected...
