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Mixed Reaction to Marijuana Legalization Proposal in Zimbabwe

Mixed Reaction to Marijuana Legalization Proposal in Zimbabwe

Zimbabweans on Monday expressed both shock and surprise over government revelations it could soon partner a group of Canadian firms to produce marijuana or mbanje ostensibly for medical purposes. The revelations were reportedly made by Investment Promotion Minister Obert Mpofu at a recent Zimbabwe National Chamber of Commerce annual general meeting in Victoria Falls. Mpofu […]

Zimbabwe loses US$144 billion in potential revenue from the mining sector

Zimbabwe loses US$144 billion in potential revenue from the mining sector

ZIMBABWE has lost US$144 billion in potential revenue from the mining sector since 2009, largely due to a plethora of problems, among them a power supply crisis, punitive tax regime and investor fatigue caused by unfriendly laws, the Financial Gazette can report. Volatile commodity prices are also said to have played a part in the […]

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 will come to nothing in the absence of structural reforms, analysts have warned. In his monetary policy statement released last week, Mangudya announced a raft of measures that included, among others, the extension of the $200 million […]

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