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Eddie Cross – Rebuilding Zim’s Economy From Scratch

WE talk glibly about a globalised world without really understanding just what it means. In Zimbabwe we are emerging from a century of controlled market policy and harsh exchange controls that gave near total protection to local industries. The result was a small but tough and resilient economy that pursued …

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Investors misunderstand Zim’s indigenisation policy, says official

By: Zandile Mavuso Misunderstanding of Zimbabwe’s indigenisation policy has seen foreign investors shy away from the country’s mining industry, according to the country’s embassy in South Africa. In 2008, President Robert Mugabe, signed the Indigenisation and Economic Policy into law, in terms of which 51% of all foreign- and white-owned businessses must …

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Zimbabwe $2,4bn agriculture fund launched

Agriculture Reporters Thousands of farmers are set to benefit from a US$2,4 billion agriculture fund launched at the Zanu-PF headquarters in Harare yesterday. The fund is a joint venture initiative between a local organisation Lasch Enterprises and the Zanu-PF Youth League with assistance from various ministries, to help address youth unemployment …

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Today’s Millionaire – Divine Ndhlukula of Securico

Divine Ndhlukula, a Zimbabwean national, is the founder and Managing Director of SECURICO, one of Zimbabwe’s largest security companies. The Harare-based outfit is a market leader in the provision of bespoke guarding services and cutting-edge electronic security solutions. Ndhlukula has done remarkably well. In less than 15 years of doing …

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EU bank mulls giving loans to Zimbabwe’s private sector

HARARE, June 12 (Reuters) – The European Investment Bank is considering extending loans to Zimbabwe’s private sector, more than a decade after the European Union slapped sanctions on Robert Mugabe’s government over charges of human rights abuses and vote rigging. The bank will not lend directly to the government until the …

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World Bank says Zimbabwe growth to nearly stall by 2016

World Bank says Zimbabwe growth to nearly stall by 2016 HARARE, June 11 (Xinhua) — The World Bank has further lowered Zimbabwe’s projected economic growth rate for 2014 from 3 percent to 2.0 percent and predicts the growth to virtually stall by 2016, according to its latest global economic prospects …

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Today’s Millionaire – Shingai Mutasa Masawara

Shingai Mutasa or Shingi Mutasa owns TA Holdings and is the big brains behind the Joina Centre (one of the modern office buildings in Harare metropolitan area). TA Holdings is a diversified group listed on the Zimbabwe Stock Exchange with a current net value of over US$100 million. “My vision is like a …

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Zimbabwean firm unveils sound-based in-store m-payments system

A Zimbabwean technology firm has developed an in-store payments system that lets shoppers pay at the point-of-sale through a sound emitted by their mobile phones. Edgetech Solutions has built an Android and iOS app that uses technology from Brazil-based NearBytes to create one-time passwords in the form of sounds. To …

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