Sydney Kawadza
Africa’s economies are growing strongly, but growth alone cannot meet the needs of the continent’s poorest citizens, because “nobody eats GDP,” the African Development Bank’s President, Akinwumi Adesina, has said.
Adesina made the remarks while unveiling the Bank’s flagship...
Levious Chiukira
January 31, 2020, marks the date when history books need to be re-written as one of the giants of Europe, the United Kingdom, exits the continental grouping European Union, which it has been a member of for 47...
Farai Mabeza
ZIMBABWE and the European Union have launched the Zimbabwe European Partnership Agreement Support programme (ZEPA) worth €10m (US$11m).
The €10m intervention seeks to assist the country with the implementation of the Zimbabwe – EU free trade agreement, the Economic...
Farai Mabeza
THE African Forum and Network on Debt and Development says policies of some development finance institutions are worsening social and economic inequalities in recipient countries through project contingent liabilities.
In a statement released to mark the Global Week of...
HARARE – (FinX) The Reserve Bank of Zimbabwe (RBZ) through its Financial Intelligence Unit (FIU) has singled out China Nanchang among the rate manipulators who have been engaging in activities that have exerted pressure on the exchange rate in...
HARARE – The Reserve Bank of Zimbabwe has issued a warning to foreign currency dealers who are manipulating the exchange rate. This comes as street rates have breached the 25x mark on Thursday. The interbank mid rate is on 17.2204x
In...
HARARE – Government will during the course of the year drip feed into the economy bigger denominations in order to enable ease of transactions.
Finance and Economic Development Minister Mthuli Ncube told Bloomberg on the sidelines of the World Economic...
FinX
HARARE - (FinX) Zimbabwe’s economy will register a negative growth 2.5% in 2020 from a negative 5.5% growth in 2019 owing to foreign currency shortages, elevated public debt and uncontrolled inflation, a recent report shows. It is, however, poised...
Sydney Kawadza
The African Development Bank has allocated a €1.2 million grant to provide training to help resource-rich countries improve their mining revenues.
Among the first beneficiaries of the grant are Zimbabwe, Guinea, Liberia, Niger, Mali, Madagascar, South Sudan and Sierra...
HARARE – (FinX) Gold deliveries in 2019 fell shy of 30 tonnes and were 17% lower than last year. Statistics availed from Fidelity Printers and Refinery show that earnings for the year were at US$1.3 billion from $1.5 billion...
