Category Archives: Zimbabwe News

Zimbabwe News

PSC Interview: Little chance of a free and fair poll in Zimbabwe

Zimbabwe is heading for crucial elections in 2018 amid a growing economic crisis and fierce infighting in the ruling Zanu-PF. President Robert Mugabe (93) is eligible for re-election, but there are moves behind the scenes to determine his eventual successor.The PSC Report spoke to Derek Matyszak, Senior Research Consultant for the Institute for Security Studies in Zimbabwe, about the run-up to the polls. read more

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Bitcoin Hit $10,000 in Zimbabwe while Saving the Trade Industry

Zimbabwe’s economic crisis and financial difficulties are making cryptocurrency trade the new dawn in the payments and flow of money. With the huge liquidity issues here and there, most people have resorted to using bitcoin for transactions, especially for international trade and payments. This has also yielded results of increasing bitcoin prices – with a current trade price of about 9,000 USD against global trade price of about 5,000USD. The countries famous trade platform for bitcoin, Golix, says there is a higher demand than the supply within the cryptocurrency industry in Zimbabwe. She furthered to mention that Interest in bitcoin has peaked as people cannot send money outside or pay for international transactions using formal banks. Mobile money and other alternative means of transaction are not being fruitful. read more

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Facebook helps Zimbabwean entrepreneurs to build their digital skills

Facebook Africa‘s teams are visiting Zimbabwe this week to host a series of training events and workshops designed to help local tech entrepreneurs and small businesses to sharpen their digital skills and expertise. read more

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Mahindra Comviva and Econet Wireless Zimbabwe win The RemTECH Award in the ‘Visionary Game Changer’ category

 Awarded for EcoCash Diaspora service powered by mobiquity® Money read more

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Africa’s hospitality sector withstands economic headwinds

Pietro Calicchio, Hospitality & Gaming Industry Leader for PwC Southern Africa read more

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Zimbabwe: The economy is facing difficulties..

IMF Staff Completes 2017 Article IV Visit to Zimbabwe

  • The economy is facing difficulties as a severe drought and slow reform momentum have led to high expenditure levels since late 2015, despite subdued revenues.
  • Spending pressures stem from high employment costs, government transfers to support specific economic sectors, and elevated discretionary expenditure.
  • The team recommends taking action to unleash the potential of the private sector and ensure that growth benefits the most vulnerable segments of the population.

An International Monetary Fund (IMF) team led by Ana Lucía Coronel visited Zimbabwe from May 2 to 13, 2017, to hold discussions with the national authorities, private sector representatives, and civil society in the context of the 2017 Article IV Consultations. The discussions covered recent economic developments, the outlook and risks, as well as policies that could restore economic stability. read more

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ATI supported USD4 billion worth of trade and investments in 2016 – African countries urged to seek support from the insurer

(L-R) Honourable Henry Rotich, Cabinet Secretary of the National Treasury of Kenya and H.E. Patrice Talon, President of the Republic of Benin read more

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South Africa and Zimbabwe hold a trade and investment seminar at the (ZITF)

A close relationship between South Africa and Zimbabwe has laid a solid foundation towards advancing industrialisation and regional integration between the two countries and in the region. This was said by the Director of Export Marketing and Promotions at the Department of Trade and Industry (the dti), Ms Seema Sardha during the Trade and Investment Seminar that was held on the margins of the 58th Zimbabwe International Trade Fair (ZITF) read more

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The dti to showcase South Africa’s best in goods and services at Zimbabwe International Trade Fair

The companies that are part of the delegation will be assisted by the dti through its Export Marketing and Investment Assistance Scheme (EMIA) which aims to develop export markets for South African products and services and to recruit new foreign direct investment into the country read more

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AFRICA IS READY FOR HIGH TECH SOLUTIONS

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