Zimbabwe: Latest News

  • Zimbabwe Stock Exchange Listed Turnall Holdings Sees Revenue Slip

    By Makula Dunbar, 1:04 pm

    A manufacturing company that supplies housing and pipe products, Turnall Holdings has reported a $111, 875 after-tax loss for the first half of 2013, according to News Day. The company, which is listed on the Zimbabwe Stock Exchange, recorded a $874,118 surge in profits during the same time period.

  • Mugabe Sworn In, Blasts Western Governments

    By Dana Sanchez, 11:57 am

    Mugabe singled out Britain, U.S., Australia and Canada for their assessment that the elections were not free and fair. “We will not bow to any foreign government,” Mugabe said. “We cannot be bought. We belong to Africa. Who are they? Who gave them a gift of seeing better than us?”

  • Some Of The Most Beautiful Places In Africa You May Never Have Heard Of

    By Keren Mikva, 10:03 am

    Sani Pass is the route that connects the KwaZulu-Natal province in South Africa with Lesotho, and offers breathtaking views as it winds between the two countries. It is extremely dangerous to traverse. South Africa enforces strict prohibitions on the types of vehicles that are allowed through its immigration checkpoint. Lesotho is a bit more relaxed, allowing pretty much anything with wheels through. Sure, it could be the last thing you do, but what a way to go!

  • Mugabe Elected Deputy Chairman, Southern African Development Community

    By Dana Sanchez, 12:17 pm

    Newly re-elected Zimbabwe President Robert Mugabe was named deputy chairman of the Southern African Development Community, a 15-member organization headquartered in Gaborone, Botswana. Joyce Banda, president of the Republic of Malawi, was named chairwoman. “I want the West to review its position on the sanctions in Zimbabwe,” Banda said. “Zimbabweans deserve better and Zimbabweans have suffered enough.”

  • Mobile Wars Heat Up In Zimbabwe

    By Ann Brown, 9:00 am

    From Business Day Live Mobile wars are heating up in Zimbabwe, with Econet Wireless, which has since reconnected with rival Telecel Zimbabwe, now refusing to allow mobile money transfers under its EcoCash product to subscribers on other networks. The state telecommunications sector regulator, the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz), reportedly had to […]

  • S. Africa Overtakes China As Zimbabwe’s No. 1 Tobacco Customer

    By Dana Sanchez, 10:21 am

    During the same period last year, China ranked No. 1 for Zimbabwe tobacco exports and South Africa was No. 4, the report said.

  • Gauging Perceptions About Chinese Businesses In Africa

    By Dana Sanchez, 9:15 am

    With Chinese investment in Sub-Saharan Africa estimated to be at about $122 billion, a 15-country survey is being planned to learn what Africans think of Chinese companies operating there. “It’s clear that there are widespread negative perceptions about (China’s) involvement,” says Professor Deon Rossouw of the Ethics Institute of South Africa. “Given the importance of the relationship, particularly to Africa, we cannot rely on rumor and misinformation.”

  • Western Union Launches Mobile Money Service In Nigeria

    By Dana Sanchez, 5:12 pm

    Customers of the eTranzact mobile money platform will now be able to interact with Western Union on their mobile phones, receiving Western Union mobile money transfers from 23 sender countries. Nigeria has a mobile phone penetration rate of 70.64 percent.

  • Report: D.R.Congo’s Hotel Industry ‘Decent, Growing And Expensive’

    By Dana Sanchez, 2:17 pm

    As international business people flock to the Democratic Republic of the Congo, at least six more “decent” hotels have been built in the capital, and many more are in the works, ranging from luxurious to basic.

  • AfkInsider Forex Africa Report: What To Expect For The Week Ahead

    By Jeffrey Cavanaugh, 8:52 am

    As frontier markets, the countries of Africa represent tremendous opportunities and tremendous risks. On the risk side of the ledger are all the usual complications of international trade and investment compounded by the problems inherent in a developing, emerging continental market of 54 countries and 1.1 billion people – it’s a lot to keep track of.
    In Mozambique, Fitch Ratings raised its valuation of that country’s debt to B+ from B due to Mozambique’s relatively low inflation and above-average growth prospects.

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