Massive board shake-up looms at Zinara

Business Writers Heads are set to roll at National Roads Fund Administrator (Zinara) following revelations of a massive board shake-up that could also claim the scalps of executives and its…

CTC to block NatFoods merger

Tinashe Makichi Innscor Africa Limited’s plans to merge partial subsidiary companies, National Foods and Profeeds are under threat following recommendations adopted by the Competition and Tariff Commission (CTC) to block…

NSSA avails financial facility for hotel construction

Business Writer The National Social Security Authority has availed a financial facility running into millions for the construction of Belgian-American hotel group Carlson Rezidor’s Radisson Blu Hotel in Harare.

NSSA eyes US$500m infrastructure bond….Insurance firms, pension funds to participate….Looking at leading the exercise

Martin Kadzere The National Social Security Authority (NSSA) intends to raise at least US$500 million by end of year by floating a bond to finance infrastructure projects, chairman Robin Vela…

How deep are Zimbabwe’s capital markets?

Happiness Zengeni and Taurai Mangudhla Zimbabwean companies lack access to predictable capital-market funding at a large scale and as such are increasingly looking towards external markets. 

Zim loses 50 foreign correspondent banks

Tawanda Musarurwa Zimbabwe’s constrained access to international financing has been worsened by the fact that the country has lost at least 50 foreign correspondent banks since 2008.

US policy tightening to increase cost of external financing: IMF

The decision by the United States’ Federal Reserve Bank to raise the benchmark interest rate for three consecutive quarters, with more likely to come, as well as recent moves to…

SecZim, ZSE speak on foreign listings

Africa Moyo The Securities and Exchanges Commission of Zimbabwe (SecZim) believes the economy’s inability to attract massive capital inflows, coupled with cash shortages are the major drivers of firms seeking…

Reflections on Budget Statement

Tinashe Nyamunda The Economy Corner This article reflects on the Budget Statement presented last week by Minister of Finance, Patrick Chinamasa. The annual budget review for 2016 and the 2017…

Monetary, Fiscal Policy, it all pays off through productivity

Chris Chenga Have Chinamasa and Mangudya been saying the right things to the market?

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