Business

Zimbabwe has lost the support of 50 international banks in the past decade due to Western sanctions, central bank governor John Mangudya has said. With now only three international banks availing credit to it, Zimbabwe is starved of foreign finance to develop its stuttering economy, Mangudya said. The international financial …

Zimbabwe economy: Quick View – Air Zimbabwe lays off staff Event July 18 (Economist Intelligence Unit) — Loss-making Air Zimbabwe is laying off some 200 staff as part of a restructuring plan, according to its chairwoman, Chipo Dyanda. Analysis This is Air Zimbabwe’s fourth round of lay-offs in less than …

Cape Town – Mauritians are the wealthiest individuals in Africa with an average wealth of $25 700 per person, followed by South Africans with $11 300 per person, according to the latest Africa Wealth Report. People in Zimbabwe count as the poorest with US$200 per person, while the country was also last …

  After Robert Mugabe land reform, Zimbabwe black farmers produce bumper harvest of 2.2 million tonnes of maize State support and good rains have led to a huge jump in maize production in Zimbabwe; 2.2 million tonnes of maize is expected to be marketed this year. This is a huge surplus, …

Last year, Air Zimbabwe and Ethiopian Airlines made major strides towards the inclusion of women in the aviation world with the launch of their all-women flight crews. Women continue to be at the forefront of African-based air travel with the establishment of South Africa’s Fly Blue Crane, the first airline to be founded by a black woman. …

French President Emmanuel Macron says Africa’s main problem is ‘7-8 children per woman,’ social media erupts French President Emmanuel Macron is in hot water for saying that one of Africa’s main problems is women having too many children. Social media has been grilling him for blaming innocent children rather than …

By Godfrey Marawanyika and Desmond Kumbuka Dismissals needed to prevent bankruptcy, airline says State airline used to operate flights to Europe and China Air Zimbabwe is firing more than a third of its workforce to prevent the state-owned airline from going bankrupt. The airline has debts of about $330 million, …

Zimbabwe Seeks Bond-Note Funds as Afreximbank Facility Runs Out By Brian Latham (Bloomberg) — Zimbabwe is in talks about second loan facility to fund the issuance of further bond notes, Central Bank Governor John Mangudya told reporters on Wednesday in the capital, Harare. * A loan facility with Afreximbank, which backed …

Karel Alois Strnad (1910 – 1956) Born in Vienna, Austria, of Czech parents. As was his wife, Marie Františka Trpáková. And here is the story, how they had met each other and later the phenomenon of Bata as well: 1920’s • The families of both moved to Prague, within a …

1930- A man by the name of Arthur Sturgess started a small soft drink factory in Bulawayo. During this time, he realized there was a gap in the market for a real fruit juice to be produced locally. He thought it would work best utilizing oranges grown from the Mazowe Valley. …