Time Bank offers govt US$5 billion facility

Time Bank offers govt US$5 billion facility http://www.theindependent.co.zw/ Friday, 15 July 2011 08:13 Reginald Sherekete TIME Bank of Zimbabwe Ltd has submitted an innovative proposal for a US$5 billion syndicate loan facility to government to pay restive civil servants and settle Zimbabwe dollar deposits trapped in the financial system.The bank, which has re-invented itself from being a …

Latest IMF report paints gloomy picture

Latest IMF report paints gloomy picture http://www.theindependent.co.zw/ Thursday, 23 June 2011 20:04 By Jimmy Girdlestone ‘O wad some Pow’r the giftie gie usTo see ourselves as others see us!’— Robert Burns. FED on a constant official diet of the country’s vast natural resources presenting an irresistible magnet to capital rich foreigners desperate to profit from the current …

Banking sector pros and cons

Banking sector pros and cons http://www.theindependent.co.zw/ Friday, 17 June 2011 11:57 MANY recurrently contend that Zimbabwe is overbanked.  With such contention, it is not intended to suggest that excessive usage is made of banks, or that Zimbabwe’s banks overly dominate the economy, but that Zimbabwe has too many banks.  It is argued that Zimbabwe does not need  a …

World Bank Appoints Zim Representative

World Bank Appoints Zim Representative http://www.radiovop.com/ 6 hours 2 minutes ago Harare, June 15, 2011 – The World Bank has stepped up its engagement with Zimbabwe as it has appointed a country manager for Harare ending a two year absence in a country whose economy is still faced with high unemployment and low economic activity. On Wednesday, the …

IMF team to assist govt on mid-term budget

IMF team to assist govt on mid-term budget http://www.thestandard.co.zw/ Sunday, 12 June 2011 14:10 BY NDAMU SANDU AN international Monetary Fund (IMF) team will be in the country for a one week mission starting Wednesday to assist government to come up with a mid-year budget statement. The missions will be headed by Vitaliy Kramarenko. “The objective of …

Biodiesel project faces collapse as RBZ pulls out

Biodiesel project faces collapse as RBZ pulls out http://www.thestandard.co.zw/ Sunday, 12 June 2011 14:13 BY CAIPHAS CHIMHETE AFTER almost five years of on-and-off operations, Zimbabwe’s giant biodiesel plant faces prolonged closure after the central bank pulled out of the project.Launched amid pomp and fanfare, the project was touted as the panacea to the country’s fuel crisis.The Reserve Bank …

COMESA Launches Free Trade Area

COMESA Launches Free Trade Area http://www.radiovop.com 2 hours 32 minutes ago Sandton, June 12, 2011-The Tripartite alliance comprising of Southern Africa Development Community (SADC), East African Community (EAC) and Common Market of East and Southern Africa (COMESA) launched negotiations for a Free Trade Area (FTA) between these two regions meant to bolster intra-regional trade, a communiqué released after the …

ZCTU warns against Chinese plunder of Zim

ZCTU warns against Chinese plunder of Zim http://www.swradioafrica.com By Alex Bell25 May 2011 The Zimbabwe Congress of Trade Unions (ZCTU) has warned against the ongoing plunder of Zimbabwe by foreigners, especially the Chinese, saying the country’s natural resources should benefit the people. ZCTU President Lovemore Matombo told journalists at the commemoration of Africa Day in Harare that Zimbabwe’s …

RBZ plundered

‘RBZ plundered’ http://www.dailynews.co.zw/ By Thelma Chikwanha, Staff writerTuesday, 24 May 2011 13:08 HARARE – Reserve Bank of Zimbabwe workers have called for heightened government intervention at the crisis-ridden institution, amid allegations that the central bank’s board members were pillaging the bank. Senior managers at the bank alleged yesterday that board members were paying themselves hefty allowances, running into …

Erich Bloch Column: Labour demands beyond employer means

Erich Bloch Column: Labour demands beyond employer means http://www.theindependent.co.zw/ Friday, 20 May 2011 09:19 WITHOUT exception all employers have been confronted with demands, from employees in general and the labour force in particular, for increased wages.  Most collective bargaining agreements have been reached after prolonged, usually very confrontational negotiations, frequently only concluded after referral to arbitration, or to the …