Zimbabwe Reserve Bank Governer Mangudya’s Tenure To Be Extended
PRESIDENT Mnangagwa is clear on the performance of Reserve Bank of Zimbabwe Governor, Dr John Mangudya and is about to renew his contract for a second tenure, Deputy Chief Secretary in the Office of the President and Cabinet (Presidential Communications) Mr George Charamba has said. ‘‘The President is very clear on the Reserve Bank Governor’s […]
Zimbabwe Central Bank Governer John Mangudya fired by ED, World Bank’s Andrew Bvumbe takes over
Reserve bank of Zimbabwe Governor Dr John Mangudya has been fired, with a senior World Bank official being tipped for the post, reports suggest. According to Alternate Executive Director at World Bank Group representing Africa, Anne Kabagambe the incoming Zimbabwe Reserve Bank Governor is Andrew Bvumbe who has since left his position as Executive Director […]
Oilslick Distribution
TRENDING distributor of cleaning chemicals in the Matabeleland region — Oilslick Distribution (Private) Limited — has unpacked a new, advanced product called Double Action Bio-Enzyme Granules which is a blend of freeze-dried bacteria and enzymes specially formulated to rapidly digest organic waste, reduce both bad odour and attack larvae of flies to reduce the fly […]
Zimbabwe new monetary measures: Living a lie, face collapse
Dollarisation is a simple monetary arrangement which the political classes have contrived to misunderstand, and consequently, Zimbabwe, which never actually completed the process of dollarisation, unwittingly abandoned it and in its place brought about what I term a “dollar-exchange regime”. So deep-seated is the misunderstanding of dollarisation, there is the absence of an awareness of […]
Fortifying Affordable Housing’s Role in Expanding Economic Growth
LAGOS, Nigeria — As the continent’s largest economy, international development experts, innovators and funders increasingly believe that Nigeria is positioned to provide a market-driven solution to one of the continent’s most significant challenges and opportunities: Affordable Housing. While Nigeria’s size, ability to scale and recalibrated post-recession economy provides the ammunition for such a task, the […]
Gloves off: Inside the fierce war for control of Zim’s fuel industry
A fierce war is brewing behind the scenes for control of Zimbabwe’s fuel industry pitting President Emmerson Mnangagwa and Vice-President Constantino Chiwenga’s allies following a bid by a South African firm to break the Sakunda monopoly, it has been revealed. Investigations have revealed that the fuel scandal that exploded last week was linked to plans […]
KFC chickens out of Zim operations, feathers ruffled by currency crunch
Zimbabwe’s new currency and tax reform measures seem to be coming home to roost. KFC Africa has announced it has suspended operations in Zimbabwe, citing “current pressure on the country’s economy”, a further dent on the country’s attempts to attract new investment. Like many businesses, KFC’s feathers appear to have been ruffled by a new […]
No Connection Between Myself and VBS – Brian Shivambu
The younger brother of EFF deputy president Floyd Shivambu has denied that he received money from collapsed VBS Mutual Bank and has threatened to go after those who “defamed” him. According to a damning forensic report by advocate Terry Motau and law firm Werksmans Attorneys, Brian Shivambu, owner of Sgameka projects, received R16m. The report, […]
Zimbabwe president says new tax necessary pain for recovery
HARARE (Reuters) – Zimbabwean President Emmerson Mnangagwa said on Monday a new tax on electronic payments was a painful but necessary part of the government’s attempts to revive the economy, his first comments since the imposition of the levy last week sparked a public outcry. After narrowly winning a disputed presidential vote in July, Mnangagwa […]
Transnet tests the world’s longest train to help miners of manganese
Transnet Freight Rail (TFR) successfully tested the world’s longest train with the intention of serving growing demand from SA’s manganese miners for access to export markets for the key steel ingredient. SA has the world’s largest manganese deposits and is a leading player in supplying the mineral to steel mills, but mining companies have long […]
