Tag Archives: 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.
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.
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.
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.
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)
Living the FATCA life in Africa: New U.S. tax regulations add to burden of compliance on financial institutions across Africa
Mobile Connections in Sub-Saharan Africa Increase 20 Per Cent to 500 Million in 2013 and Are Expected to Increase by an Additional 50 Per Cent by 2018
Denmark is planning to launch a new development programme in mid 2013 with substantial increase in budget support for Zimbabwe, according to State Secretary of the Danish Ministry of Foreign Affairs, Mr L.B.Petersen who recently visited the southern African country.
Zimbabwe anticipates to ignite its green economic revolution with the recent launch of the green business awards expected to be presented to outstanding winners in November 2013, according to Sebastian Zuze, Chairman of the awards. The awards recently launched in Harare under the theme:Greening the economy for sustainable national prosperity are an initiative of Xhib-it Events company and are meant to celebrate excellence in green practice,strategy and products, complimenting the Ministry of Environment’s efforts on greening the economy.They seek to recognize the most innovative,ambitious and effective initiatives by Zimbabwean business and individuals for achieving environmental sustainability and implementing smart business practice.
by Wallace Mawire