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Zimbabwe businessman James Makamba to dispose stake in Telecel

Zimbabwe businessman James Makamba to dispose stake in Telecel SELF-exiled Zimbabwean businessman James Makamba’s business empire, Empowerment Corporation Private Limited (EC) has confirmed plans to dispose its 40% stake in Telecel Zimbabwe Limited (TZL) to a yet-to-be-identified buyer believed to be the Zanu PF government. BY TARISAI MANDIZHA James Makamba …

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If You’re So Smart, Why Aren’t You Rich?

If You’re So Smart, Why Aren’t You Rich? New research suggests personality has a larger effect on success than IQ. By Faye Flam He also had a winning personality.  Photograph: AFP/Getty Images How much is a child’s future success determined by innate intelligence? Economist James Heckman says it’s not what …

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#Zimbabwe banks’ profits jump 48%

Banks’ net profit for the half-year to June jumped 47,99% to US$100 million from US$67,97 million reported in the same period las year, the central bank said. By Chris Muronzi In his monetary policy statement presented on Wednesday, Reserve Bank governor John Mangudya said net profits amounted to US$100,59 million, …

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The #Zimbabwe Bond Notes Fraud Explained

Laughing all the way to the bank: Dear Reserve Bank Governor John Magudya, How many bond notes have you released onto the market already? Please be honest with us Governor. When we take the serial numbers on each note we find that they start with 2 letters and end with …

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#Zimbabwe cash shortages can only get worse

The announcement by the Reserve Bank of Zimbabwe (RBZ) that it will more than double its issuance of bond notes put paid to any hopes that the monetary authorities will one day come up with a lasting solution to the cash crisis that has haunted the country for almost two …

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Zimbabwe: What on earth is going on?

Zimbabwe: What on earth is going on? Eddie Cross says the country is experiencing a potent mix of economic and leadership failure What on earth is going on? I have always said that if you think you know what is happening in Zimbabwe, you have not been here long enough. …

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