Commercial Farmers' Union of Zimbabwe
Pivotal regional rail system is in the doldrums http://www.thezimbabwean.co.uk Written by John BatwellMonday, 18 April 2011 20:50 John Batwell reviews Zimbabwe’s strategic rail system in Southern Africa 30 years after independence…… Three decades ago, the fledgling Southern African independent state of Zimbabwe inheritedfrom its “colonial masters” one of the continent’s finest railway systems – once a vitallyimportant, seamless …
Zim unemployment at 70% http://www.dailynews.co.zw By Eric ChirigaSaturday, 16 April 2011 13:50 HARARE – Zimbabwe’s unemployment rate remains very high at 70 percent, with only 850 000 people formally employed out of a 12 million population, a leading economic researcher has said. Economic analyst John Robertson said the number of formally employed Zimbabweans is equal to that of …
Zimbabwe inflation eases to 2,7% http://mg.co.za/ HARARE, ZIMBABWE – Apr 15 2011 13:38 Zimbabwe’s inflation eased in March to 2,7%, down from 3% in February, thanks to lower prices for telecommunications and medicine, the government said on Friday. The Southern African country suffered a decade of runaway prices amid hyperinflation. The economy stabilised after the government abandoned the …
US firm sues Reserve Bank http://www.thezimbabwean.co.uk Written by Gift PhiriSaturday, 09 April 2011 14:57 HARARE – A US auditing firm is suing Zimbabwe’s bankrupt central bank for failing to pay US$34million for service rendered in February 2006. The Reserve Bank of Zimbabwe (RBZ) failed to pay Alex Stewart International for auditing its books in 2006 to ascertain …
Zimbabwe faces large financing gap in 2011: IMF http://af.reuters.com/ Tue Apr 5, 2011 6:05am GMT WASHINGTON (Reuters) – The International Monetary Fund on Monday warned that Zimbabwe faced a significant budget financing gap this year amid a highly uncertain economic outlook, making clear it was not about to resume lending to the southern African country. In a statement …
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World Bank upbeat on Zim recovery http://www.thestandard.co.zw/ Sunday, 03 April 2011 13:49 BY KUDZAI CHIMHANGWA THE World Bank says it is upbeat about Zimbabwe’s economic future after the inclusive government adopted a strategy to reduce its US$7 billion arrears to international lenders.“Zimbabwe has adopted a hybrid strategy to cover its debts and we at the bank are confident …
Farmers Sceptical About “Complicated” Exchange Market http://www.ipsnews.net/ By Stanley Kwenda HARARE, Mar 30, 2011 (IPS) – Kindness Paradza has a mission. After he lost his job as a journalist when the ZANU-PF government closed his newspaper in 2004, he ploughed his life savings into a 2,000 ha farm he received as part of Zimbabwe’s controversial “land reform programme”. …
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Banks in crisis http://www.thezimbabwean.co.uk Written by Chief ReporterFriday, 25 March 2011 15:32 HARARE – At least seven financial institutions are believed to be in distress as the Finance Ministry steps up its onsite examinations of the country’s banking firms. The Zimbabwean understands the ministry has issued three “corrective orders” to banks to try make them safe for the …
‘Politicians not looting Agribank’ http://www.theindependent.co.zw/ Thursday, 24 March 2011 19:38 THE Agricultural Bank of Zimbabwe (Agribank) last Friday signed a US$30 million facility with the Industrial Development Corporation (IDC) of South Africa, whose objective is to support agro-based companies. This week Agribank CEO Sam Malaba (SM) spoke to businessdigest chief business reporter Paul Nyakazeya (PN) about the facility, bad …
IDC invests in Zim’s Agribank http://www.iol.co.za/ March 24 2011 at 11:21am The Industrial Development Corporation of South Africa (IDC) has signed a US$30 million facility agreement with Agricultural Bank of Zimbabwe (AgriBank), the parties said on Thursday. The deal was arranged by SA’s Musa Capital and Zimbabwe’s Neverseez Capital and the signing took place on March 18. This …