Zim’s year-on-year inflation at 540pc

Zimbabwe’s annual rate of inflation stood at 540,16 percent for the month of February, according to latest figures by the Zimbabwe National Statistical Agency (ZimStats).

Standard Chartered Zim launches ‘Futuremakers’

Standard Chartered Bank Zimbabwe has launched its flagship Corporate Social Responsibility Initiative – Futuremakers – by unveiling a partnership with local entity, Junior Achievement Zimbabwe (JAZ).

Export opportunity for scrap metal art: ZimTrade

Export promotion body, ZimTrade says it has facilitated for an international scrap metal arts buyer to visit Zimbabwe from today, to March 20, 2019 to meet with metal sculptors who have potential to supply these metal artefacts.

World stocks set for worst week since 2008 financial crisis

LONDON  – World stocks were set on Friday for their worst week since the 2008 financial crisis, with coronavirus panic-selling hitting nearly every asset class and investors fretting that central bank action may not be enough to soothe the pain.

Rand steady as coronavirus-induced sell-off pauses

JOHANNESBURG – South Africa’s rand held steady in early trade on Friday as a pause in the global selloff of risk assets, triggered by panic over the coronavirus and tumbling oil prices, gave investors a chance to reassess positions ahead of the weekend.

Govt to review mobile money transfer regulations

The Reserve Bank of Zimbabwe (RBZ)  is reviewing legislation governing the mobile money transfer sector in  order to decisively deal with abuse of the platforms, especially by  illegal foreign currency traders, a Cabinet Minister has said.

How microfinance reduces gender inequality in developing countries

An increase in the proportion of women accessing microfinance services by just 15% could potentially reduce gender inequality, as measured by the Gender Inequality Index, by half in the average developing nation. The finding comes from a recent study published in Applied Economics Letters that also found that cultural characteristics can influence this relationship.

Financial markets wilt, stocks plunge as Trump stuns with Europe travel ban

TOKYO – Financial markets reeled on Thursday as stocks dived and oil slumped after U.S. President Donald Trump took the dramatic step of banning travel from Europe to stem the spread of coronavirus, threatening more disruptions to trade and the world economy.

South Africa’s rand hammered by growing impact of coronavirus

JOHANNESBURG – South Africa’s rand weakened sharply on Thursday along with other emerging market currencies as concerns over the economic impact of the coronavirus intensified after the World Health Organization (WHO) declared the outbreak a pandemic.

COVID-19 causes decline in demand for Mozambican shrimp on international market

The outbreak of coronavirus has  caused a cut in demand for Mozambican shrimp on the international  market.

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