Category: Finance and Economics (archives)

Euromoney to hold inaugural Zimbabwe investment conference in March http://www.apanews.net/ APA-Harare (Zimbabwe) Euromoney Conferences will hold its first Zimbabwe Investment Conference in Harare on 8-9 March, bringing together policymakers, businessmen, financiers and key international players, APA learns here Saturday. The organisers said the high-level conference would highlight Zimbabwe’s attractions as a destination for fruitful foreign direct investment. “This event …

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Eric Bloch Column: Funding remains scarce for business http://www.theindependent.co.zw/ Friday, 25 February 2011 09:17 IT is widely acknowledged that one of the many constraints upon Zimbabwe’s economic recovery is the lack of funding available to enterprise. Almost all businesses have a pronounced insufficiency of resources to finance operations in general and, in particular, to maintain and increase volumes …

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Late payment to blame for fuel crisis – supplier http://www.dailynews.co.zw/ By Guthrie Munyuki, Deputy News EditorSunday, 20 February 2011 19:00 HARARE – A South African fuel supplier accused of swindling Treasury of US$5million, has blamed the late payment by government and natural causes, for the delays in delivering fuel supplies which were due in January. …

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Missing fuel deal above board – Mangoma http://www.dailynews.co.zw/ By Guthrie Munyuki, Deputy News EditorSunday, 13 February 2011 20:01 HARARE – Energy and Power Development Minister Elton Mangoma has said allegations that he flouted government procedures in sanctioning procurement of fuel by a little-known South African company are “a storm in a tea cup”. Mangoma said …

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Golden age of pension funds disappearing http://www.theindependent.co.zw/ Thursday, 10 February 2011 16:41 By Evonia Muzondo and Oscar Diura PENSION funds, both private and public are among the largest institutional investors in global financial markets. They help individuals save for their retirement  and are expected to protect the value of their pensions. The Zimbabwe pension fund …

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Noczim fails to account for US$35m http://www.theindependent.co.zw/ Thursday, 10 February 2011 17:32 Tendai Zhanje THE Ministry of Energy and Power Development instituted a forensic audit into the National Oil Company of Zimbabwe (Noczim) after it failed to account for US$35 million fuel duty from independent importers. Energy and Power Development minister Elton Mangoma made the …

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Govt oblivious to economic realities http://www.theindependent.co.zw/ Thursday, 03 February 2011 18:29 A MAJOR contributor to the economic ills which continue to confront Zimbabwe is the magnitude of governmental policies pursued solely for their perceived objectives, with total disregard for the negative consequences. Recurrently, in pursuit of policies which are generally — but not always — …

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Lending rates remain prohibitive http://www.theindependent.co.zw/ Thursday, 03 February 2011 17:43 Paul Nyakazeya THE average loan-to-deposit ratio for Zimbabwean banks last year was 65, 01% as banks slowed down on lending following the dollarisation of the economy in January 2009 and persistent liquidity crisis. The levels are remarkably low compared to a regional average of about …

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Reprinted with permission from African Capital Markets News « Nigerian Stock Exchange asks stockbrokers to recapitalize JSE reports 12% jump in commodity derivatives trades in 2010 » Zimbabwe launches COMEZ Commodities Exchange January 18th, 2011 by Tom Minney The new Commodities Exchange of Zimbabwe (COMEZ) is open, but no date is yet set for the …

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Fuel price drops as supplies improve http://www.dailynews.co.zw/ By Thelma ChikwanhaThursday, 27 January 2011 14:42 HARARE – Fuel supplies have improved forcing the price to go down at some garages which had taken advantage of the scarcity during the past week and hiked the price  by  25 cents per litre. A survey conducted by the Daily …

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