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Zimbabwe is undermining the ZiG by overspending
Zimbabwe's new gold-backed currency is likely being undermined by the state tapping the central bank for funding and selling Treasury bills to pay for its overspending, Imara Asset Management said....Published: 18 Oct 2024 at 08:54hrs | 1264 | by Staff reporter
Harare man seeking help to locate his 2 young daughters
Tinashe Severa from Harare is urgently seeking help to locate his two young daughters, Margaret and Imara, who went missing from school in Harare on June 10, 2024. Margaret is eight years old, and Ima...Published: 07 Aug 2024 at 15:05hrs | 1155 | by Staff reporter
Zimbabwe-listed companies get leeway to report financials in US dollars
Zimbabwean companies listed on the stock exchange are now permitted to present their financial statements in US dollars due to the swift dollarization of the economy. The CEO of the Zimbabwe Stock Exc...Published: 12 Oct 2023 at 18:21hrs | | by Staff reporter
'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
The new Big Six: Is there a changing of the guard in the Premier League?
For football enthusiasts, the English Premier League is a captivating arena where the best clubs in the country lock horns. Over the past few years, six teams have consistently remained in the spotlig...Published: 26 Apr 2023 at 11:03hrs | 12 | by Staff Reporter
Zimbabwe not adversary of United States
Zimbabwe's unrelenting pursuit for self-determination has seen the Southern African country at loggerheads with the Americans who have a penchant for interfering in the internal affairs of other sover...Published: 06 Mar 2023 at 05:15hrs | | by Mapozho Saruchera
Zimdollar haunted by trust issues
Zimbabweans across the country continue to lose trust in the local currency due to the rapid loss of value, meaning it cannot serve as the store of value and medium of exchange.According to th...Published: 12 Feb 2023 at 07:20hrs | 1 | by Staff reporter
Zinara reprieve for motorists
Motorists buying licence discs at the Zimbabwe National Road Administration (Zinara) stand at the Zimbabwe International Trade Fair (ZITF) will be exempt from paying penalties.The number of un...Published: 27 Apr 2022 at 12:46hrs | | by Staff reporter
Victoria Falls Stock Exchange struggles to win over foreigners
Zimbabwe's dollar-only stock exchange, established almost two years ago in the resort city of Victoria Falls, is struggling to win over foreign investors haunted by previous struggles to repatriate ha...Published: 10 Mar 2022 at 17:35hrs | 1 | by Staff reporter
Zimbabwe GDP stands at US$20bn, says Imara
IMARA Asset Management has estimated the size of the Zimbabwean economy to be at US$20 billion, a figure which is a third shy of government projections, as the local economy continues to function unde...Published: 07 Feb 2022 at 21:19hrs | | by Staff reporter
Zimdollar's second death seen as only a matter of time
When Zimbabwean businessman Nigel Chanakira asked 100 chief executive officers at a seminar in Harare on January 27 if they were willing to use the local currency, only one raised his hand.Tha...Published: 31 Jan 2022 at 16:18hrs | | by Staff reporter
RBZ boss rules out chasing black market rates
Reserve Bank of Zimbabwe Governor, John Mangudya, is reluctant to act to narrow a widening gap between the national currency's official and black market rates, saying that businesses are to blame for ...Published: 19 Jan 2022 at 05:29hrs | | by Staff reporter
Padenga VFEX listing may 'cannibalise' ZSE
PADENGA'S decision to list on the Victoria Falls Stock Exchange (VFEX) was a win for the new bourse and Finance minister Mthuli Ncube's incentive scheme, but the country's biggest broker, Imara, says ...Published: 23 Jul 2021 at 08:54hrs | | by Staff reporter
Forex pricing SI haunts Mnangagwa's govt
ZIMBABWE'S Senate yesterday said the controversial statutory instrument (SI) promulgated in May spelling out restrictions on trade in foreign currency had turned businesses into "saboteurs" after the ...Published: 22 Jul 2021 at 07:59hrs | 2 | by Staff reporter
Zimbabwe's breakneck inflation rate slows
ZIMBABWE'S breakneck inflation rate is slowing and that's prompting signs of normalcy in the local stock market.In the southern African nation's topsy-turvy markets, stocks have proved a haven...Published: 06 May 2021 at 19:25hrs | | by Staff reporter
Zimbabwe govt caves in to market pressure
THE Zimbabwean government has caved in to market demands for valuation of the two suspended formally dually-traded securities, Old Mutual and PPC, to be valued according to the closing prices of the t...Published: 30 Apr 2021 at 07:27hrs | | by Staff reporter
Faultlines exposed in Seed Co deal
RESEARCHERS at advisory firm Imara dug deep into the hyped Seed Co empire merger before the transaction sailed through early this month and their verdict could stun a market that had long accepted the...Published: 15 Feb 2021 at 07:55hrs | | by Staff reporter
NRZ slapped with US$236m lawsuit
SOUTH Africa-based business syndicate, the Diaspora Infrastructure Development Group (DIDG), has filed a lawsuit at the High Court demanding damages amounting to a staggering US$236 million from the N...Published: 24 Dec 2020 at 17:00hrs | | by Staff reporter
Zimnat's Farai Gwaka elected AIMZ chairman
Zimnat Asset Management's Farai Gwaka was elected chairman of AIMZ for the coming year, taking over from ABC Asset Management's Jubelah Magutakuona, who has held the post for two terms. H...Published: 15 Dec 2020 at 11:30hrs | 1 | by Staff reporter
Tino's Lyon outsmart Munetsi's Reims
TINO Kadewere continued with his dominance over his high school adversary Marshal Munetsi, after his Olympique Lyon side outsmarted Munetsi's Stade de Reims 3-0 yesterday. It was a memorable moment fo...Published: 30 Nov 2020 at 06:09hrs | 1 | by Staff reporter
Mnangagwa warned
Businesses have issued a stern warning to the government to effectively deal with a "poisoned political environment" which has the potential to scare away investors.In its submissions for the ...Published: 29 Oct 2020 at 06:25hrs | | by Staff reporter
NRZ slapped with US$236m lawsuit
DIASPORA and Infrastructure Development Group (DIDG) is demanding US$236 million from the National Railways of Zimbabwe (NRZ) as compensation after cabinet controversially terminated the consortium's ...Published: 04 Sep 2020 at 06:23hrs | | by Staff reporter
'New Binga-Karoi highway a game-changer'
ZIMBABWE'S tourism is a cash-spinning industry employing thousands and widely considered as one of the low-hanging fruits of this economy. However, it has not been spared by negative publicity in the ...Published: 01 Jun 2019 at 08:01hrs | | by Staff reporter
Zimdaba II - Zimbabwe achieving its investment goals - more opportunities available
The recently concluded Zimdaba II, held at the Royal Geographical Society, London on 9th and 10th April highlighted something that tends to be overlooked when reporting on Zimbabwe, and that is the fa...Published: 15 Apr 2019 at 10:13hrs | | by Staff reporter
Zimdaba concludes on a 'successful note'
LONDON - Business forum, Zimdaba concluded its two-day conference on a very productive note, with high-profile business leaders and governmental officials conti...Published: 11 Apr 2019 at 09:11hrs | 5 | by Tidi Kwidini
Building Zimbabwean Business via Access to Investment & Global Markets
The ZIMDABA Business Platform of Investment Conferences is designed and aligned toward showcasing the variety and depth of business-ready or near-ready opportunities within Zimbabwe and the region....Published: 07 Apr 2019 at 08:33hrs | | by Staff reporter
Strive Masiyiwa's Econet stranglehold challenged as shareholder tussle breaks out
AFTER years of brutal hyperinflation, Zimbabwe became known as a place where cash was almost worthless. Now, investors are fighting over EcoCash, the country's homegrown PayPal-like service that has z...Published: 03 Jan 2019 at 09:32hrs | | by Gabriele Steinhauser I The Wall Street Journal
Social Media the new agora
Social media in the form of new technologies has become a new agora world-wide providing a platform for communication among different people regardless of space and time.Several applications s...Published: 31 Dec 2018 at 18:43hrs | | by Tawanda Matende and Lovemore Chidemo
Relegated Bulawayo City thump Caps United
Bulawayo City 4 - 1 Caps UnitedIT was not the kind of football that was expected from an already relegated Premier Soccer League side.Bulawayo City yesterday produced a master class ...Published: 18 Nov 2018 at 07:42hrs | | by Staff reporter
Mnangagwa's command policies spark off market turmoil
GOVERNMENT'S commandist strategy to contain currency volatility and the rising tide of price increases ravaging Zimbabwe are likely to worsen an economic crisis that has persisted for decades while da...Published: 26 Oct 2018 at 08:25hrs | | by Staff reporter
Edgars Zimbabwe to purchase Edcon's Africa business franchises?
Edcon Holdings' latest recovery plan includes closing chains including Red Square cosmetics and La Senza lingerie and attempting to lure their customers to its flagship Edgars clothing stores....Published: 25 Sep 2018 at 08:01hrs | 2 | by Staff writer
Mthuli Ncube embarks on stakeholder listening & consulting roadshow
Minister of Finance and Economic Development Professor Mthuli Ncube embarks on stakeholder listening and consulting roadshow, starting with private meeting with fifty captains of industry.&nbs...Published: 12 Sep 2018 at 12:46hrs | | by Agencies
Zimbabwe underestimating its GDP
Zimbabwe's gross domestic product (GDP) reached $17, 85 billion last year, which is an all-time high, according to industry and commerce experts TradingEconomics.comZimbabwe's GDP averaged $6,...Published: 29 Jul 2018 at 10:10hrs | 1 | by Staff reporter
Mnangagwa to fulfil pledges to Tsvangirai
PRESIDENT Mnangagwa yesterday assured the family of MDC-T leader Mr Morgan Tsvangirai that Government will fulfil the pledges he made to the politician regarding his welfare. President Mnangagwa said ...Published: 19 Feb 2018 at 05:34hrs | | by Staff reporter
Sundowns set to lose Billiat for free
MAMELODI Sundowns are in danger of losing Khama Billiat for free in June when his current deal with the club expires.Sundowns spokesperson Thulani Thuswa confirmed that Billiat is staying with...Published: 02 Feb 2018 at 05:58hrs | | by Staff reporter
RBZ sets deadline for bank's demerger
THE Reserve Bank of Zimbabwe (RBZ) has set December 31, 2017, as the deadline for the separation of ZB Financial Holdings Limited (ZBFHL) from Intermarket Holdings Limited (IHL), which will see banker...Published: 11 Dec 2017 at 04:16hrs | | by Staff reporter
Mugabe slams Mnangagwa
President Mugabe has blasted his former deputy Emmerson Mnangagwa for sponsoring the disturbances that happened during the ninth Presidential Youth Interface rally in Bulawayo on Saturday to further h...Published: 09 Nov 2017 at 05:32hrs | | by Staff reporter
Sundowns want to offload Khama Billiat
MAMELODI Sundowns are keen on Phakamani Mahlambi, but the Brazilians will want to offload Khama Billiat if the Bafana Bafana international is brought on board.Sources have informed Soccer Ladu...Published: 31 Aug 2017 at 06:42hrs | | by Staff reporter
Police arrest notorious sodomising armed robbers in Gweru
POLICE in Gweru have arrested four men believed to be behind 15 cases of murder, rape, sodomy and armed robbery in the Midlands capital, The Chronicle reported.The quartet allegedly sodomised ...Published: 09 Aug 2017 at 09:32hrs | | by Staff Reporter
Pastor Chris brings international gospel stars
TODAY, Zimbabweans are blessed with a great opportunity to witness live on stage some of Africa's finest gospel artists who are lined up to perform together with local artists alongside the Christ Emb...Published: 07 May 2017 at 08:29hrs | | by Staff reporter
Controversy rocks Econet meeting
THERE was drama at Econet Wireless Zimbabwe's extraordinary general meeting (EGM) when state-run National Social Security Authority (Nssa), together with other shareholders and proxies, took the m...Published: 11 Feb 2017 at 14:32hrs | | by Staff reporter
Mugabe calls for unity
PRESIDENT Mugabe has called for peace and unity among party members, reiterating that members must be guided by party principles and policies.Speaking to party supporters during the official h...Published: 22 Nov 2015 at 07:40hrs | | by Munyaradzi Musiiwa
'Overvalued' world markets spark interest in cheap Zimbabwe
As investment managers are under pressure to find value opportunities in a reportedly overvalued global equity environment, the annual Imara Zimbabwe Investor conference will showcase the potentia...Published: 20 May 2015 at 14:49hrs | | by Staff reporter
UK's $800k trapped in collapsed Zimbabwe bank
The United Kingdom (UK) Department for International Development (DFID)'s $800 000 has been trapped in AfrAsia Zimbabwe Holdings Limited (AZHL)'s lending unit, Microking, following collapse of the fin...Published: 07 Mar 2015 at 15:09hrs | | by Staff reporter
Zimbabwe relaxes foreign remittances controls
The Reserve Bank of Zimbabwe (RBZ) is set to introduce relaxed controls on international remittances by April this year, as part of its measures to boost inflows and ease liquidity constraints....Published: 16 Feb 2015 at 11:28hrs | | by Staff reporter
Nama awards nominees - Full list
A lot has been said about the National Arts Merit Awards (Nama), but director of the National Arts Council of Zimbabwe (NACZ) Elvas Mari on Wednesday described the awards' 14-year journey as successfu...Published: 30 Jan 2015 at 14:44hrs | 1 | by Staff reporter
Strong first-half earnings performance by Imara
Imara, the pan-African financial services group, has reported "pleasing" earnings growth for the six months to October 31, 2014, with profit after tax of P10.94 million, up 85% from P5.9 million in th...Published: 26 Jan 2015 at 18:29hrs | 1 | by Staff reporter
Chibuku offsets decline in lagers for Delta Beverages
Delta's three months trading period to 30 June 2014 was characterised by depressed consumer demand due to the tight liquidity conditions. The move by consumers to value products remained evident. ...Published: 22 Jul 2014 at 15:49hrs | | by Business reporter
African Countries Must Re-benchmark their GDP statistics
When Ghana revised its Gross Domestic Product (GDP) figures in 2010, the resultant 60 per cent jump in its GDP estimates saw it being upgraded from low-income country to a lower-middle income coun...Published: 06 Jun 2014 at 06:48hrs | | by Perry Munzwembiri
Global investors head for Imara's Zim conference
Recent lacklustre performance by the Zimbabwe economy has not stopped global investors flocking to the annual conference staged in Harare by Imara Edwards, the country's leading stockbroker and their ...Published: 27 May 2014 at 11:45hrs | | by Business reporter
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