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4 banks quit in South Africa in 2024
BNP Paribas, HSBC, Sasfin Bank, and Bidvest Bank have all announced massive changes to their South African operations in 2024.French-based BNP Paribas was the first bank of the four to announc...Published: 09 Dec 2024 at 15:19hrs | 777 | by Staff reporter
'Mutapa Fund will become Zimbabwe's economic bedrock'
Finance, Economic Development, and Investment Promotion Minister, Mthuli Ncube, has expressed strong confidence in the future of the Mutapa Investment Fund (MIF), highlighting its potential as a key d...Published: 09 Dec 2024 at 07:03hrs | 668 | by Staff reporter
London declining as financial center
The number of companies listed on the London Stock Exchange (LSE) is decreasing at the quickest pace in more than ten years, Bloomberg has reported, citing data compiled by the outlet.In 2024,...Published: 06 Dec 2024 at 14:20hrs | 278 | by Staff reporter
Zimbabwe, EU seek to rebuild ties
Zimbabwe and the European Union (EU) have expressed a shared commitment to restore their relationship to the cooperative levels seen before years of political and economic tensions, according to Forei...Published: 29 Nov 2024 at 06:52hrs | 93 | by Staff reporter
Security Guards petition Kazembe over poor salaries
The Zimbabwe Security Guards Union (ZISEGU) has called on the Minister of Home Affairs, Kazembe Kazembe, to urgently repeal Statutory Instrument 58/2024, which the union claims contributes to the low ...Published: 21 Nov 2024 at 06:36hrs | 853 | by Staff reporter
'Trump Presidency to hurt Zimbabwe's trade, investments'
Zimbabwe's trade and investment prospects could face significant challenges following United States President-elect Donald Trump's proposed tariff policies, according to an analysis by FBC Securities....Published: 11 Nov 2024 at 07:13hrs | 2295 | by Staff reporter
7 big global companies dump South Africa
Many large global companies, including Shell, HSBC, PNB Paribas, Rolex, AngloGold Ashanti, TotalEnergies, and BP's Aviation Fuel Business, are dumping South Africa.Last week, HSBC announced th...Published: 02 Oct 2024 at 12:35hrs | 1197 | by Staff reporter
Big international bank leaving Ramaphosa's South Africa
HSBC has exited its operations in South Africa after concluding deals with FirstRand and Absa to take over its two main divisions in the country. The bank first opened a South African office i...Published: 29 Sep 2024 at 12:49hrs | 44617 | by Staff reporter
South African Rand takes a hit
The rand and a number of South African stocks took a hit on Monday as investors moved away from purchasing riskier assets, and it became evident that the US may enter a recession.The rand was ...Published: 06 Aug 2024 at 09:12hrs | 1342 | by Staff reporter
ZSE to list on own bourse
The Zimbabwe Stock Exchange (ZSE) is preparing to self-list on its own platform in the upcoming year, marking a significant milestone in its history. This move, aimed at accessing better risk-adjusted...Published: 22 Jun 2024 at 11:37hrs | 1 | by Staff reporter
Mnangagwa enjoy CCC internal squabbles
Zanu-PF has no dog in the internal squabbles tearing apart the country's opposition but will gladly capitalise on the fracas to entrench its dominance in a democratic Zimbabwe, President Mnangagwa sai...Published: 08 Apr 2024 at 10:42hrs | 1 | by Staff reporter
US makes piecemeal adjustments to Zimbabwe sanctions
THE United States yesterday made piecemeal adjustments to its targeted sanctions on Zimbabwe signalling the success of the country's engagement and re-engagement drive under President Mnangagwa....Published: 05 Mar 2024 at 04:56hrs | | by Staff reporter
Foreign investors ditch Zimbabwe capital markets
FOREIGN investors continue to lower their interest on the local capital markets, with investor participation on annual value traded averaging 3%, due to policy inconsistency and inflation, leading res...Published: 30 Jan 2024 at 07:47hrs | 2 | by Staff reporter
Zimbabwe is of 'strategic importance to the United States'
THE United States plans to come to the party and challenge China's strong influence in Zimbabwe by developing a roadmap to help transform the country into a regional growth hub.An analysis car...Published: 08 Jan 2024 at 05:35hrs | 10 | by Staff reporter
US diplomat outlines an ambitious vision for Zimbabwe
BOTTOM LINE- The US Embassy in Harare has identified the potential for Zimbabwe to become a growth hub for Southern Africa.- This is a curious conclusion to draw given the fact that Zi...Published: 06 Jan 2024 at 18:33hrs | 12 | by Michael Walsh
Lawyer takes Mnangagwa to court
HARARE lawyer and businessman Frederick Nyamande has taken President Emmerson Mnangagwa to court following the promulgation of the controversial Mutapa Investment Fund which he argues allows the head ...Published: 09 Oct 2023 at 13:51hrs | 1 | by Staff reporter
Access Finance shareholders in bitter fall out
Details of a bitter dispute between local financial services firm Access Finance (Pvt) Ltd and its related entities' shareholders have come to light, revealing that the CEO reneged on a deal to sell 1...Published: 25 Sep 2023 at 20:26hrs | 11 | by Staff reporter
CBZ commends Mthuli Ncube's bold inflation policy
CBZ Holdings Limited (CBZHL), the country's largest banking institution in terms of deposits and assets, has commended monetary authorities for taking bold inflation-targeted measures. The company has...Published: 24 Sep 2023 at 11:47hrs | 3 | by Staff reporter
Why properties in Zimbabwe are overpriced
YOU probably have heard that properties in Zimbabwe are expensive, especially compared to regional peers like South Africa and Kenya.To substantiate this claim, a quick online survey on proper...Published: 09 Sep 2023 at 08:50hrs | | by Rufaro Hozheri
CDC seeks owners of unclaimed ZSE shares
Chengetedzai Depository Company (CDC) says it is seeking to identify the owners of millions of dollars worth of unclaimed shares held in its Central Securities Depository (CSD).CDC is a digita...Published: 26 Jul 2023 at 06:36hrs | | by Staff reporter
Zimbabwe's political landscape: Analising the past to shape a better future
As I sit here on this quiet Sunday, my mind is filled with reflections on the intricate political landscape that has shaped Zimbabwe. It is a landscape marred by years of tumultuous struggles, triumph...Published: 23 Jul 2023 at 08:42hrs | | by Kumbirai Thierry Nhamo
'If Zimdollar is abandoned markets and financial institutions will recover'
As the Zimbabwean dollar continues to battle for its survival under severe pressure from the United States dollar despite its recent recovery rally, John Legat, Imara Asset Management (Zimbabw...Published: 21 Jul 2023 at 07:56hrs | | by Staff reporter
Zimbabwe must bolt the doors to biased observers
Recently, an African teenage boy living in the French ghettos known as banlieues was shot dead in a botched traffic stop that was captured on video, spotlighting systematic violence and racism in Fran...Published: 05 Jul 2023 at 07:12hrs | | by Fungi Kwaramba
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 | 7 | by Rami Hajjar, portfolio manager of the Allan Gray Africa ex-SA Equity Fund
Zimdollar stares fresh setbacks as crisis deepens
ZIMBABWE'S currency will continue depreciating in the coming months, as multiple headwinds exert pressure on the unit, which surrendered 34% of its value to the United States dollar in April, accordin...Published: 12 May 2023 at 06:06hrs | 1 | 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 | | by Staff Reporter
Sanctions choking Zimbabwe: Myth or reality?
"African politics is dogged by crises of legitimacy, monetised politics and corruption, personalised leadership, and lastly the sit-tight syndrome" notes the African Exponent. During an electoral seas...Published: 14 Jan 2023 at 16:33hrs | | by Zvikomborero Sibanda
Mnangagwa's wife gets an honorary doctorate degree from Russia
RUSSIAN State University for the Humanities yesterday conferred an honorary doctorate degree in Philosophy (Honoris Causa) on First Lady Dr Auxillia Mnangagwa in recognition of her philanthropic work ...Published: 02 Dec 2022 at 19:34hrs | 9 | by Staff reporter
EU turns to Zanu-PF as prospects of opposition govt fades
A FEW years ago relations between Zimbabwe and the Western world were at the lowest ebb but now a new chapter has been opened, thanks to President Mnangagwa's policies espoused by re-engagement and en...Published: 30 Nov 2022 at 05:32hrs | | by Staff reporter
ZLHR on the payroll of the United States?
IN a shocking admission, Mr Macdonald Moyo of the Zimbabwe Lawyers for Human Rights has admitted that his organisation is on the payroll of the United States, bringing to the fore the nexus between so...Published: 29 Oct 2022 at 19:36hrs | 9 | by Staff reporter
'Zimbabwe rising above illegal sanctions,' claims Mnangagwa
ZIMBABWEANS must fully utilise their capabilities to rise against the bane of illegal sanctions and help in the lifting of thousands of people from poverty to prosperity, President Mnangagwa has said....Published: 25 Oct 2022 at 05:59hrs | | by Staff reporter
US$ VFEX market capitalisation jumps 25% in Q3
The Victoria Falls Stock Exchange (VFEX) market capitalisation increased by 25 percent to US$345 million in the third quarter to September 30, 2022 from US$273,24 million in the previous quarter....Published: 18 Oct 2022 at 05:57hrs | | by Staff reporter
Zanu PF is blatantly rigging 2023 and EU gearing to grant it legitimacy under guess of 'constructive dialogue'!
"EU abandons confrontation with Zimbabwe!" screamed The Herald headline! "CHARMED by President Mnangagwa's open door policy and far-reaching economic reforms, more investors will be coming fro...Published: 13 Oct 2022 at 23:13hrs | | by Wilbert Mukori
Colonialists abandon confrontation with Zimbabwe
CHARMED by President Mnangagwa's open door policy and far reaching economic reforms, more investors will be coming from the European Union (EU) which is prepared to extend loans to the private sector ...Published: 13 Oct 2022 at 05:55hrs | | by Staff reporter
Mnangagwa says Zimbabwe is nobody's little boy
PRESIDENT Mnangagwa has revealed how the British made a major climbdown after he insisted that he could not sign the book of condolences for the late Queen Elizabeth II because Zimbabwe is under illeg...Published: 26 Sep 2022 at 05:54hrs | | by Staff reporter
Where is Generation Z age group born 2000-2004? The missing '1.5 million voters'
More than 1.5 million people turn18 since the last general election, and these youngest eligible Generation Z (Gen Z), Gen Zers or Zoomers form a diverse, active, and potentially decisive voting bloc ...Published: 02 Sep 2022 at 06:48hrs | 5 | by Farai Chirimumimba
Botswana amplifies call for Zimbabwe sanctions removal
LLEGAL sanctions imposed by Western countries on Zimbabwe are not only affecting Zimbabweans but the whole Southern African Development Community region and their removal will ensure economic growth, ...Published: 02 Sep 2022 at 06:47hrs | | by Staff reporter
Zimbabwe's long but crucial road to digitalisation
In recent days, the President of Zimbabwe, Emmerson Mnangagwa, said that embracing science and technology, particularly in the field of education, will help to boost the global economy. He added that ...Published: 04 Jul 2022 at 07:54hrs | 4 | by Staff Reporter
Govt keeps focus on Zimdollar
Government will not let-up on implementing fiscal and monetary measures to contain resurgent inflation and tame Zimbabwe dollar volatility, Finance and Economic Development Minister Professor Mthuli N...Published: 19 Jun 2022 at 10:04hrs | 7 | by Staff reporter
Govt cracks down on speculators
GOVERNMENT is clamping down on big corporates, which borrowed billions of Zimbabwe dollars and used the money for speculative activities while taking advantage of exchange rate movements to push up pr...Published: 13 May 2022 at 19:02hrs | 1 | by Staff reporter
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 | 1 | by Staff reporter
Mnangagwa ally says, 'Britain can go hang'
BRITAIN should stop interfering in Zimbabwe's internal affairs as the country is not an extension of the United Kingdom, Zanu-PF Secretary for Information and Publicity, Christopher Mutsvangwa, has sa...Published: 04 May 2022 at 06:59hrs | 1 | by Staff reporter
Mnangagwa says 'Britain should mind its own business'
MEDDLESOME Britain should focus on problems at home and stop poking its nose into the affairs of Zimbabwe through contrived stories and false oppositional narratives, President Mnangagwa has said....Published: 03 May 2022 at 15:37hrs | | by Staff reporter
Temba Mliswa calls for return of the US Dollar
Norton Member of Parliament Temba Mliswa says the introduction of the United States Dollar as a single currency is the best salvation to the revival of Zimbabwe's economy. In a Twitter thread ...Published: 26 Apr 2022 at 10:24hrs | | by Mandla Ndlovu
ZSE inches closer to $2 trillion
MARKET capitalisation on the Zimbabwe Stock Exchange (ZSE) inched closer to $2 trillion on Monday, after gaining 40% since the beginning of the year, according to official data.As of yesterday...Published: 09 Mar 2022 at 07:01hrs | 1 | by Staff reporter
ZSE makes 'tribal' appointments
The Zimbabwe Stock Exchange Limited (ZSE) has appointed Robert Mubaiwa, Anymore Taruvinga and Tinashe Mapara as new heads of divisions for the Victoria Falls Stock Exchange (VFEX) and ZSE.VFEX...Published: 03 Feb 2022 at 05:42hrs | 2 | by Staff reporter
Zanu-PF tells US to move with the times
INSTEAD of poking its nose in the country's democratic and electoral processes, the United States should take full advantage of the engagement and re-engagement drive extended by the Second Republic t...Published: 20 Jan 2022 at 05:33hrs | 1 | by Staff reporter
18 CSOs take on Biden over blanket travel bans
DOZENS of health and human rights organisations have called on United States President Joe Biden to unconditionally lift the travel ban imposed on southern African countries, Zimbabwe included....Published: 12 Dec 2021 at 19:26hrs | 5 | by Staff reporter
Innscor shells US$70m on expansion
ZIMBABWE Stock Exchange-listed blue-chip, Innscor Africa Limited, has injected about US$70 million to consolidate its expansion operations, according to the group's chairperson, Addington Chinake....Published: 23 Nov 2021 at 05:58hrs | 9 | by Staff reporter
Bankers plan to establish a new financial behemoth
ON 3 September 2021, The NewsHawks exclusively published a story that government, bankers and investors, including local business tycoon Kudakwashe Tagwirei, are working on a plan to create the bigges...Published: 13 Nov 2021 at 17:45hrs | 9 | by Staff reporter
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