The Zimbabwean government plans to speed up exploration, evaluation and digitalization of selected reserved mining areas under the Ministry of Mines and Mining Development as part of wider measures to achieve a USD12 billion mining industry by 2023. Read more.
Business and financial news from the African continent.
Liquidity challenges, steep lending rates and high operational costs are hampering growth for many Zimbabwean companies. Read more.
Lack of access to appropriate financing models is a fundamental weakness of Zimbabwe’s agricultural system which limits growth in both commercial and smallholder agriculture despite having good climate, good rainfall and fertile soils. Read more.
Weakening flows in development aid financing and foreign direct investment (FDIs), two of Malawi’s economic drivers, meet at crossroads amidst a crisis that has left world economies shaking. Read more.
THE Reserve Bank of Zimbabwe (RBZ) this month march 2021, has gone to the market seeking to raise $400 million through the issuance of 270-day Treasury Bills to fund Government programmes and cashflow management with the previous TB action held in August 2019. Read more.
As a way to mobilise more funds for the auction system, the Reserve Bank of Zimbabwe (RBZ) revised the forex retention threshold in January 2021 resulting in exporters surrendering 40% of their earnings to the Central Bank. Read more.
The African Development Bank (AFDB) says outlook for Zimbabwe remains clouded with challenges as the industrial and mining sectors are faced with reduced competitiveness, low commodity prices, and interruptions in electrical service that disrupt output in 2021. Read more.