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Chinese Yuan to Become Reserve Currency of Lesotho?

Chinese Yuan to Become Reserve Currency of Lesotho?

LESOTHO is among 14 eastern and southern African countries that are considering the adoption of the Chinese yuan as a reserve currency to facilitate the repayment of loans being advanced by the Asian economic giant for infrastructural developments. A team of Central Bank of Lesotho (CBL) officials recently joined their eastern and southern African counterparts […]

Malawian First Merchant Bank bank eyes Barclays Bank Zimbabwe

Malawian First Merchant Bank bank eyes Barclays Bank Zimbabwe

Malawian banking group First Merchant Bank (FMB) is in talks with Barclays PLC to buy its Zimbabwean unit. Last year, Barclays PLC downgraded Barclays Zimbabwe…

Treat parastatal audits seriously

Treat parastatal audits seriously

ELSEWHERE in this issue, we carry a story revealing that some parastatals have not been audited since 2009 while the Zimbabwe Anti-Corruption Commission (Zacc) and…

Zimbabwe Chrome exports up 320% on target to reach $300 million

Zimbabwe Chrome exports up 320% on target to reach $300 million

CHROME exports more than trebled to $42 million in February, up from $10 million in the same period last year on the back of increased…

Bond notes not solution to Zim’s problems: RBZ

Bond notes not solution to Zim’s problems: RBZ

Senior consultant and economist Ashok Chakravati makes a presentation at the Bond Notes 100 days review organised by the Confederation of Zimbabwe Retailers at Rainbow…

National Railways of Zimbabwe sinking like Zisco, warns former executive

National Railways of Zimbabwe sinking like Zisco, warns former executive

A former executive at the National Railways of Zimbabwe (NRZ) has warned government to keep its hands off…

Adesina Chairs session on Infrastructure Financing at Wall Street Journal’s ‘Investing in Africa’ Conference in London

Adesina Chairs session on Infrastructure Financing at Wall Street Journal’s ‘Investing in Africa’ Conference in London

African Development Bank President, Akinwumi Adesina, met several top investors and entrepreneurs in London at the Dow Jones…

U.S.$ Disappears From Zimbabwe’s Banking System

U.S.$ Disappears From Zimbabwe’s Banking System

Transactional activity in Zimbabwe in recent weeks indicates a slow disappearance of the United States dollar, which is…

Reserve Bank of Zimbabwe Governor John Mangudya’s Roadmap Faces Hurdles

Reserve Bank of Zimbabwe Governor John Mangudya’s Roadmap Faces Hurdles

Economic measures put in place by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya to drive economic growth…

East Africa to Gain From Brexit Fallout

East Africa to Gain From Brexit Fallout

The United Kingdom has promised to strengthen trade and investment links with the East African Community Partner States…

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