Banks have urged Zimbabwe's central bank to raise interest rates and lift a two-year old 12% cap, which remained in place despite a partial floating of the exchange rate in February.
Reserve Bank...
By Nelson Banya
The sell-off of the country’s loss-making mine assets was the first major test for Zimbabwe’s “Open for Business” gospel. This would tell us whether the country was ready to attract foreign...
Zimbabwe’s public sector unions are divided over whether to
launch a national strike after wage talks with the government failed, leaving
the country on edge over the possibility of more unrest.
Teachers and other state workers...
Zimbabwe should look at introducing its own currency to solve the financial crisis, South African Finance minister Tito Mboweni says.
South Africa’s National Treasury director-general, Dondo Mogajane, and Lesetja Kganyago, govenor of the South...
Alrosa, the world’s largest diamond producer by output, is
investing in a new operation in Zimbabwe, the company’s CEO has announced.
Alrosa has registered a subsidiary in Zimbabwe and will
launch exploration and extraction operations in...
Gold output at Caledonia Mining’s Blanket mine in Zimbabwe
was up seven percent in the last quarter of 2018, the company reported, as it
announced new contracts that will guarantee a stable gold price over the first half
year.
The Confederation of Zimbabwe Industries (CZI), which represents the country's biggest manufacturers, says many of its members are days away from collapse to due to deepening forex shortages. We publish here in full CZI's letter to the...
Olivine Industries, the maker of household consumer brands such as Buttercup margarine and Jade soap, has suspended operations after foreign creditors cut off raw material suppliers over a US$11 million debt.
The shutdown of...
Finance Minister Mthuli Ncube has addressed members of a conservative caucus in the EU Parliament in Brussels. Below is a transcript of his address, in which, again, he channels Margaret Thatcher to sell his austerity gospel.
Perry Munzwembiri
2018 was a year of two contrasting halves for Zimbabwe. For the greater part of the year, Zimbabweans had the earnest expectation that the July 31 national elections would set the Southern...
