Search / Emerging market
Tendai Biti says Zimbabwe is being run by kleptomaniac Govt
CITIZENS Coalition for Change (CCC) deputy leader Tendai Biti says Zimbabwe is being run by a kleptomaniac government and there is a desperate need for change ahead of the upcoming general elections....Published: 21 May 2023 at 08:16hrs | 1297 | by Staff reporter
Are investors in African equities poised for wins amidst global turmoil?
It has been a tumultuous first quarter of 2023, and African equities have not been spared.Global markets started the year on a very positive note, with the S&P 500 up 9.0% at its peak in e...Published: 12 May 2023 at 11:17hrs | 305 | by Rami Hajjar, portfolio manager of the Allan Gray Africa ex-SA Equity Fund
Why RBZ introduced the Gold-backed digital currency
With the local currency on a free-fall and Zimbabwe already a digital economy, ninety six percent of our transactions traded on digital platforms. The digital currency was long overdue. Zimbabwe is on...Published: 29 Apr 2023 at 07:07hrs | 395 | by Jacob Kudzayi Mutisi
EFF shutdown knocks the rand
The JSE was lifted by rand hedges and precious metals miners on Monday, amid global jitters over recent banking crises abroad, with the rand showing some pressure. This was as the EFF pressed ahead wi...Published: 20 Mar 2023 at 14:25hrs | 4446 | by Staff reporter
Mthuli Ncube to headline London Zimbabwe capital markets conference
Finance and Economic Development Minister, Professor Mthuli Ncube, is next month expected to headline the Zimbabwe Capital Markets conference in London which seeks to showcase the opportunities and br...Published: 06 Mar 2023 at 05:14hrs | 215 | by Staff reporter
Zimbabwe to become Africa's Dubai
Zimbabwe plans to set up an offshore financial center in the resort city of Victoria Falls that the government hopes will emulate the likes of Dubai and the Isle of Man to attract foreign investment....Published: 25 Feb 2023 at 08:54hrs | 11280 | by Staff reporter
World Bank says Zimbabwean economy to maintain modest growth in 2023
Zimbabwe's economy is projected to grow at a modest growth rate in 2023 against a weakening global economic growth outlook, according to the World Bank.Speaking at the Economic and Business Ou...Published: 09 Feb 2023 at 05:11hrs | 690 | by Staff reporter
Belarus deals help bust Zimbabwe sanctions
A STRING of bilateral agreements that were signed between Zimbabwe and Belarus this week and in 2019, have helped the country bust sanctions not only in the agriculture sector which is on the rebound,...Published: 03 Feb 2023 at 06:46hrs | 362 | by Staff Reporter
Harare backs Moscow
WINDS of a renewed Cold War between the United States and Russia - thunderously manifesting itself in Ukraine through iron and blood - swept across the southern African region this week as Russian For...Published: 02 Feb 2023 at 19:07hrs | 583 | by Staff reporter
Beyond Beijing's 'gift' to Zimbabwe
On November 23, 2022, the President of Zimbabwe, Emmerson Mnangagwa gave the state of the nation address at the new iconographic parliament building that was designed, funded, built and "donated" by C...Published: 04 Dec 2022 at 08:12hrs | 218 | by Gorden Moyo
Mnangagwa's son-in-law captures Trevor Ncube's media group
PRESIDENT Emmerson Mnangagwa's son in-law Gerald Mlotshwa - a prominent lawyer married to the ruling Zanu-PF leader's daughter Farai - has now formally bought a significant equity stake at the private...Published: 02 Oct 2022 at 09:19hrs | 9443 | by Staff reporter
South Africa's precision-strike aircraft given Shona name 'Mwari'
The Paramount Group has produced and sold the first military aircraft made in South Africa since the 1980s when state-owned arms maker Denel SOC Ltd. unveiled the Rooivalk, or red falcon, attack helic...Published: 21 Sep 2022 at 19:42hrs | 1380 | by Staff reporter
Zimbabwe's Cyber City mirage
I TOLD Mr (Shaji Ul) Mulk that my desire is to build a smart city like Dubai here. He agreed to build a smart city better than "Dubai," President Emmerson Mnangagwa told guests on Wednesday during the...Published: 23 Jul 2022 at 07:29hrs | 496 | by Paidamoyo Muzulu
Zimbabwe's re-engagement drive continues to pay off
Zimbabwe continues to reap economic dividends from its engagement and re-engagement drive, with French President Emmanuel Macron facilitating the rehabilitation and upgrading of the historic Great Zim...Published: 01 Jul 2022 at 07:17hrs | 257 | by Staff reporter
Free land, duty-free equipment for science facilities
Government will provide land free of charge to investors who intend to build facilities for innovation, research and development, while equipment and materials for such centres would be imported duty-...Published: 19 Jun 2022 at 10:04hrs | 145 | by Staff reporter
Mnangagwa to headline AfCFTA talk at Davos
President Mnangagwa, in Davos attending the World Economic Forum, is today expected to contribute to and co-chair a breakfast discussion around Africa Continental Free Trade Area (AfCFTA).The ...Published: 24 May 2022 at 07:19hrs | 89 | by Staff reporter
African Mining Sector Set for Strong Growth in 2022
Johannesburg - 16 May 2022 - With mining companies currently enjoying high prices, exceptional production performance and robust supply chains, the mining team from Stanbic Bank's parent company, Stan...Published: 16 May 2022 at 11:52hrs | 710 | by Mark Buncombe, Head of Mining and Metals at Standard Bank Group
Professor Ncube says lending ban to prick the bubble
The ban on bank lending announced by President Mnangagwa at the weekend to ward off attacks on the Zimbabwe dollar, stabilise the exchange rate and rein in on rising inflation, is only a temporary mea...Published: 12 May 2022 at 06:27hrs | 384 | by Staff reporter
SA companies caught in Russia-Ukraine crossfire
JSE counters with even a remote connection to the Russia-Ukraine conflict have taken a pounding in the past week as gun-shy investors decided they were not worth the risk.Leading the fall was ...Published: 02 Mar 2022 at 05:39hrs | 1021 | by Staff reporter
Beyond raw produce: without its food producers, Zimbabwe would face a major health crisis
It's almost become a cliche when discussing Zimbabwe's economic difficulties over the past two decades to lament the fact that it was once the "breadbasket of Africa". This is typically contrasted wit...Published: 25 Feb 2022 at 07:34hrs | 204 | by Andre Redinger, Founder of Millhouse International
Beyond raw produce: without its food producers, Zim would face a major health crisis
It's almost become a cliche when discussing Zimbabwe's economic difficulties over the past two decades to lament the fact that it was once the "breadbasket of Africa". This is typically contrasted wit...Published: 23 Feb 2022 at 19:57hrs | 428 | by Andre Redinger, Founder of Millhouse International
Zimbabwean economy turns the corner, says CBZ chair
THE current Zimbabwean Government has unshackled the economy and is on the right path to start realizing meaningful returns despite economic headwinds that have hindered economic progress in the past,...Published: 23 Nov 2021 at 05:52hrs | 20 | by Staff reporter
Why is Apple failing to gain a foothold in Africa?
Africa is one of the primary targets of tech companies, who view the continent as the world's largest emerging market. As internet accessibility spreads across the vast lands, a greater number of peop...Published: 29 Sep 2021 at 12:50hrs | 394 | by Staff Writer
New Liquid POP links Africa directly to US internet resources
Liquid Intelligent Technologies (Liquid) is opening a new Internet Point of Presence (POP) in Miami, Florida, that will connect the United States to its A...Published: 28 Aug 2021 at 16:11hrs | 5 | by Staff Reporter
IMF approves SDR for Zimbabwe, Biti will not be happy
The International Monetary Fund (IMF) has approved a new general allocation of Special Drawing Rights (SDR) equivalent to US$650 billion, the largest in the IMF's history, in an effort to boost global...Published: 04 Aug 2021 at 06:24hrs | | by Staff reporter
Lessons from SA social unrest
THE turmoil in South Africa following the recent jailing of former president Jacob Zuma and subsequent social unrest characterised by rioting and looting for many other reasons - including deprivation...Published: 17 Jul 2021 at 15:24hrs | 5 | by Staff reporter
Worst violence in years spreads in South Africa as grievances boil over
Crowds clashed with police and ransacked or set ablaze shopping malls in cities across South Africa on Tuesday, with dozens of people reported killed, as grievances unleashed by the jailing of ex-pres...Published: 13 Jul 2021 at 19:43hrs | 990 | by Staff reporter
Global firm makes initiative to drive Zimbabwe FDI
EMERGING markets advisors ISFIN has partnered with Anesubryan & David africa, a member of ab & David Africa, a network of Pan-African law firms with offices in several sub-Sahara African natio...Published: 11 Jul 2021 at 10:43hrs | 6 | by Staff reporter
Constituency petitions Biti to account for CDF
Residents of Harare East are up in arms against their legislator, Mr Tendai Biti, over alleged misappropriation of the Constituency Development Fund (CDF).Members of Parliament, Mr Bit include...Published: 07 Jun 2021 at 22:44hrs | 41 | by Staff reporter
Actor, Director, Musician & Philanthropist Idris Elba to Host Africa Day Concert 2021
MTV Base, YouTube, and Idris Elba announce the return of the AFRICA DAY CONCERT 2021, which will be hosted by Golden Globe and SAG winner, Idris Elba this Afric...Published: 07 May 2021 at 10:38hrs | 24 | by Agencies
Separated by a river, but worlds apart
Depending on one's propensity to follow the news, the world, at varying days of December of 2019 was introduced to the novel corona virus, a highly contagious and deadly virus preliminary reports at t...Published: 27 Apr 2021 at 14:40hrs | 2 | by Sibusisiwe Tshuma
South African Rand trades near 2021 highs after US inflation data
The South African Rand continues to be one of the most-watched emerging markets currencies by retail FX CFD traders, as the new COVID-19 cases seem to have plateaued at low levels and economic prospec...Published: 22 Apr 2021 at 06:10hrs | 15 | by Staff writer
Mastercard and Network International Pioneering Africa's digital payment revolution
Civilization has transformed trading and commerce from the prehistoric means which involved barter trades facilitated by the item-to-item exchange. The discrepancies and inconsistencies of goods valu...Published: 12 Apr 2021 at 12:27hrs | 32 | by Staff Writter
Experts urge bold steps to revitalize Zim's telcos as sector battles multiple challenges
MOBILE telecom operators adjusted their promotional bundle prices this week as the sector battles multiple challenges spurred by rising input costs that industry experts fear have pushed the sector to...Published: 12 Mar 2021 at 11:32hrs | 7 | by Agencies
Ex-RBZ advisors under fire
THE Zimbabwe National Chamber of Commerce (ZNCC) has slammed the Reserve Bank of Zimbabwe (RBZ)'s "underachieving" outgoing monetary policy committee (MPC) saying it lacked depth and expertise to driv...Published: 05 Mar 2021 at 06:57hrs | 24 | by Staff reporter
Afro-Sino economic relations in the 21st Century: Mixed Reactions and Misinterpretations
The Author is a Master of Science in International Trade and Diplomacy student at the University of Zimbabwe. He holds a MSc degree in Development Studies (National U...Published: 04 Jan 2021 at 19:21hrs | 27 | by Livingstone Kazizi
Mthuli Ncube US$100m for Sovereign Wealth Fund
AN equivalent of US$100 million has been set aside in the National Budget to operationalise the Sovereign Wealth Fund (SWF), established about five years ago to build reserves for long term savings, F...Published: 30 Nov 2020 at 05:53hrs | 6 | by Staff reporter
Responsibilities of business developer - Business development and Benefits of Investing in Africa
If you think it's important that customers hear a human voice on the phone, you hire a receptionist. If your business model pivots on face-to-face sales you a salesperson. When you need someone to man...Published: 13 Nov 2020 at 13:52hrs | 19 | by Enos Denhere
Investors wary of Vic Falls bourse
EXPERTS say the success of the impending Victoria Falls Stock Exchange (VFSE) will depend on whether foreign investors will be allowed to easily repatriate their investments.In July, Finance m...Published: 18 Sep 2020 at 07:07hrs | 2 | by Staff reporter
Ramaphosa: Quiet diplomacy 2.0
ZIMBABWE is in turmoil. It is facing the twin political and economic challenges again. Political tensions are high and activists are paying the price. Inflation, while now a bit stagnant, but it is ab...Published: 05 Sep 2020 at 09:32hrs | 3 | by Paidamoyo Muzulu
Mnangagwa presides over TICAD, seals deals
President Mnangagwa yesterday presided over a session of the Tokyo International Conference for Africa Development (TICAD) where he also sealed lucrative deals for the country, giving impetus to the Z...Published: 30 Aug 2019 at 08:07hrs | | by Staff reporter
Abandon sinking US dollar ship? Top UK banker pushes for new 'synthetic hegemonic currency'
Bank of England head Mark Carney has urged his fellow central bankers to embrace tech like Facebook's Libra to build a multipolar system, warning against "swapping one currency hegemon for another" - ...Published: 25 Aug 2019 at 08:54hrs | 1583 | by RT
Zimbabwe finds a new ally in the UAE
ZIMBABWE is going through an unbelievable socio-economic crisis and is slowly reaching a tipping level. With skyrocketing inflation, a biting forex crunch and failing institutions among the myriad iss...Published: 16 Aug 2019 at 08:22hrs | | by Staff reporter
Peter Moyo vs. Old Mutual: 7 key factors as they head to court
Ex-Old Mutual CEO Peter Moyo heads to court on Tuesday to challenge his dismissal by the financial giant.The legal wrangle centres around the blue-chip company's dismissal of its former chief ...Published: 16 Jul 2019 at 08:14hrs | | by Staff reporter
Mugabe coup announcer talks up investment in Westminster
Foreign Affairs and International Trade Minister Dr Sibusiso Busi Moyo yesterday had lunch with the powerful Westminster Africa Business Group in London and invited them to grab investment opportuniti...Published: 13 Jul 2019 at 07:58hrs | | by Staff reporter
Mugabe coup announcer talks up investment in Westminster
Foreign Affairs and International Trade Minister Dr Sibusiso Busi Moyo yesterday had lunch with the powerful Westminster Africa Business Group in London and invited them to grab investment opportuniti...Published: 12 Jul 2019 at 07:25hrs | 369 | by Staff reporter
Zimbabwean born CEO suspended by Old Mutual over ‘breakdown in trust'
Financial services group Old Mutual says it has suspended CEO Peter Moyo over a "breakdown in trust".Following a series of talks, the Old Mutual board decided that "there has been a material b...Published: 24 May 2019 at 09:52hrs | 3975 | by Staff reporter
Seven things to consider when transacting in Africa
1. Accept the uncertainty and gather knowledgeInvestors in Africa must consider geo-political and economic uncertainty on the continent as well as a ple...Published: 21 May 2019 at 16:26hrs | 674 | by Morne van der Merwe, Managing Partner, and Wildu du Plessis, Head of Africa at global law firm Baker McKenzie in Johannesburg
Old Mutual boss to step down
Old Mutual Zimbabwe group chief executive Jonas Mushosho, is set to leave the financial services giant before year end, at a time the firm is restructuring and bundling up its business operations. ...Published: 13 May 2019 at 09:05hrs | 3180 | by Staff reporter
Zimbabwean born Peter Moyo gets R22.5-million payday
Old Mutual Chief Executive Peter Moyo earned a total of R35.5m in 2018, a period that saw the group complete its managed separation and list its African and emerging markets arm on the JSE.Moy...Published: 31 Mar 2019 at 22:47hrs | 3323 | by Staff reporter
Load More Stories
