FDI activity hits record lows in April

LONDON – (FDI Intelligence) Foreign investment activity fell to record lows in April as economies around the world came to a standstill as tough restrictions clamped down on movement to limit the spread of...
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Money and Economy in Zimbabwean History: A Concise Currency Timeline

The Second World War and its global monetary aftermath: The gradual shift from imperial – colonial links towards US-led liberalism, the 1940 - 1950 Tinashe Nyamunda The Second World War was an important turning point in...
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Govt revising fuel pricing structure and restructuring oil industry

Staff Writer Government is designing a new fuel pricing structure to prevent artificial shortages and is restructuring the oil industry to improve its operational efficiency, a Cabinet Minister has said. The Minister of Energy and Power...
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John Bredenkamp dies

HARARE - Business tycoon and former rugby player John Bredenkamp has died. He was 79. Bredenkamp, born in 1940, passed away this morning after having undergone kidney surgery a few days ago. He was born in Kimberly,...
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Health workers go on strike as civil servants demand full salary dollarization

Farai Mabeza Healthcare workers have officially gone on strike demanding restoration of USD salaries while the Apex Council has rejected the government offer of a 50 percent salary adjustment and USD75 COVID-19 allowance for all...
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US$ COVID-19 allowance and 50% salary review for civil servants

Farai Mabeza Government has announced a 50 percent salary review for all civil servants and an interim US$75 allowance to cushion its employees against the economic effects of the COVID-19 pandemic with economists saying authorities...
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Zim farmers shift focus to sesame plant production

Shamiso Ngwena & Cynthia Chitombi Zimbabwean farmers, struggling with traditional crops such as maize, have shifted focus to the sesame plant targeting at least 100 000 tonnes of the crop during the 2020/2021 agricultural season. Agricultural...

Tobacco deliveries slower than expected: TIMB

Farai Mabeza Tobacco deliveries are slower than expected because farmers are not happy with the fixed exchange rate of 1:25 under which they are required to surrender 50 percent of their foreign currency earnings, it...
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Linda Masterson set to leave Edgars as shareholders approve $70m rights offer

HARARE - Linda Masterson is set to leave Edgars Stores Limited at the end of this month after having spent 10 years as chief executive officer. She joined the group in 1988 as group financial...
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Money and Economy in Zimbabwean History: A Concise Currency Timeline

The imperial makings of a local/national currency in colonial Zimbabwe: Money as a product of imperial and colonial politics and law; 1930-1940 Tinashe Nyamunda The Brookings Institute’s Economics Professor Steve Hanke has argued that the Reserve...