Zimbabwe: IMF forecasts lower growth after exports dropped
The International Monetary Fund (IMF) on Wednesday lowered Zimbabwe’s growth forecast for this year to 1.5 percent from 2.8 percent, blaming lower commodity exports of […]
Zimbabwe
UN: “There is no way that Zimbabwe could introduce the local currency”
The United Nations says Zimbabwe is unlikely to have its own currency in the next five years, after it dumped its inflationary ravaged dollar in […]
India’s M&M looks to maintain double-digit growth in Africa
India’s largest utility and tractor producer, Mahindra and Mahindra or M&M, has set up an Africa-focused business unit as it looks to maintain double-digit growth […]
Zimbabwe: Companies’ tax arrears hit $ 1 Bln, Tax Agency
Zimbabwe’s companies and businesses owe more than $1 billion in tax arrears to the government, the Zimbabwe Revenue Authority said on June 25. Some of […]
China Development Bank lends $ 2 billion to Transnet group
The South African logistics group Transnet announced it had obtained a loan of 30 billion rand ($ 2 billion) from the China Development Bank to […]
Equity Bank to open office in DR Congo
Leading kenyan commercial bank, Equity Bank plans to expand to Congo. The Bank’s banking group has announced that it would soon open office in DR […]
Zimbabwe: EU willing to lift Mugabe travel ban, conditions attached
After the election of President Robert Mugabe of Zimbabwe as the Chairman of the African Union, the European Union (EU) has hinted that it is […]
Zimbabwe : Mugabe becomes AU Chairman
The Heads of state of the member countries of the African Union (AU) have elected Zimbabwean president Robert Mugabe as Chairman. Ahead of his election, […]
Zimbabwe: Banks continue to fold up, sector no longer safe
Zimbabwe’s banking sector seems to be crumbling as local banks continue to head out of business. The trend has been continuing for the past couple […]
Zimbabwe: Mugabe’s modifies constitution to continue ruling
President Robert Mugabe has affirmed his desire to stay in power after amending Zanu-PF’s constitution. The changing of the party’s constitution is seen by many […]