Oil, gas to usher in US$1bn sector for Zim

ZIMBABWE is well on course on its journey towards finding key resources that may usher in over a billion dollar (USD) oil and gas industry, if Australia Stock Exchange (ASX) listed exploration firm, Invictus Energy, makes a commercial discovery at its Muzarabani prospect.

TSP stabilises the economy, but . . .

The Transitional Stabilisation Programme (TSP) has managed to stabilise the economy, priming the country for sustainable and inclusive growth, but economic analysts have said the interventions have come at some expense with regard to social services delivery.

Insurance, pensions sector boon for capital markets

Zimbabwe’s insurance and pensions sector is developing new derivatives that will contribute to both the broadening and deepening of the country’s capital markets.

. . . funds set for offshore investments

Government is working on a Bill that will allow local pension funds to invest in offshore markets including on the Victoria Falls Stock Exchange which will trade in hard currency only, Finance and Economic Development Minister Mthuli Ncube has said.

Govt, banks in talks over new stock exchange

Zimbabwean authorities are in discussions with several international investment banks to support a new stock exchange that will trade exclusively in foreign currency, Finance Minister Mthuli Ncube said.

Inflation slowdown to continue

As largely expected, the inflation rate for August was significantly lower than that of July as economic players are now pricing their goods and services in line with developments on the official foreign currency exchange rate.

Bleak future for Zim chrome smelters

The global coronavirus has forced most ferrochrome producers in Zimbabwe to switch off furnaces following a plunge in prices.

Lockdown leads to data boom

On the face of it, the Covid-19 lockdown was an inadvertent blessing for Zimbabwe telecom operators.

COMMENT: Patriotic Zimbabweans must tell the real Zimbabwean story

During a recent African Development Bank (AfDB) webinar for Asian audiences, regional economic experts said despite the disruptive economic impact of the Covid-19 pandemic, Africa is still a prime investment…

Poverty Datum Line jumps 10,7 percent to $17 200, ZimStat report

Oliver Kazunga, Senior Business Reporter THE Poverty Datum Line (PDL) for an average family of five rose to $17 244,07 last month, a 10,7 percent increase from the month of…

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