NMB loan book immune from Covid-19; plans to target economic growth sectors

Tapiwanashe Mangwiro HARARE – NMB Zimbabwe says that its loan book does not have significant exposure to business sectors that are most affected by the coronavirus pandemic and subsequent lockdown. NMB chief executive Benefit Washaya told...
R. Njanike

Raymond Njanike dies

Maxwell Chingaira EmpowerBank board chairman and former Interfin Bank executive Raymond Njanike has died. He was 52. The banker died on Wednesday after a battle with pancreatic cancer. The following pointers will help you navigate https://nikel.co.id/silver-oak-casino-no-deposit-bonus-codes/ your...
Salisbury last

The centenary of the arrival of Harare’s first flight

Jonathan Waters Tomorrow, June 11, marks the centenary of the arrival of the first aircraft in Harare carrying two passengers from Kadoma, and it is perhaps an irony that today may pass – as...
coglan rhodesia

Money and Economy in Zimbabwean History: A Concise Currency Timeline

The end of Chartered Rule, entrenchment of white self-government and African economic disempowerment: Currencies, and the consolidation of Racialised Economic Spaces, 1920-1930 Tinashe Nyamunda In the previous article, I examined the currency crisis that slowed down...
Trade deficit april

Slowdown in economic activity during C-19 lockdown sees Zim narrow its trade deficit by...

HARARE – A slowdown in economic activity in April due to the coronavirus-induced national lockdown, saw the country’s trade deficit narrow by a significant 82.87% to $24.2 mln. According to the latest statistics from...

Zimbabwe maize yields at 0.57t/ha in 2019/20, faces cereal deficit of 1.16m tonnes

HARARE - The country's maize production is estimated to have risen 17% in the 2019/20 season, but the biggest concern remains the poor yields, which averaged 0.57 tonnes per hectare. According to the Second...

Banks to finance productive sector Covid-19 support

Farai Mabeza Productive sector support under the $18.02 billion COVID-19 Economic Recovery and Stimulus Package will be financed by banks through normal banking channels and covered by government guarantees, it has been announced. In a statement,...
nampak 1

Nampak pessimistic as Covid-19 pushes economic reform into the background

Farai Mabeza Paper packaging firm, Nampak Zimbabwe, sees no improvement in the country’s economic environment for the remainder of 2020 citing the COVID-19 outbreak and continued foreign currency challenges affecting the company’s operations. The group’s managing...

African equity capital markets activity see downward turn in 2019: PwC

HARARE – African Equity Capital Markets (ECM) saw the lowest proceeds recorded in ten years in 2019 as activity and volumes declined sharply from 2018 levels says a report by PricewaterhouseCoopers (PwC). The report...
fuel

Fuel prices up as ZERA admits arbitrage is a big worry

HARARE – The Zimbabwe Energy Regulatory Authority has hiked the price of fuel, although it remains below US$1, after admitting that pricing could not follow the parallel market rates as it would heighten inflationary...