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December 6, 2018 3:33 AM Econet unit launches instant loan platform

Cassava Smartech banking unit, Steward Bank and Ecocash yesterday launched a platform where Econet mobile network subscribers will be able to open bank accounts through cell phones in a minute. Codenamed *236#Bank the initiative aims to exploit mobile phone penetration which now stands at 11 million to grow financial inclusion using the mobile platform 12

November 1, 2018 10:17 AM Standard Bank scoops 13 awards

Standard Bank Group, Africa’s leading bank by assets and parent company to Stanbic Bank Zimbabwe, has been recognised for its work across Africa, scooping 13 awards from Global Finance at this year’s annual SIBOS conference, hosted in Sydney. “We are delighted to receive these awards from such a prestigious publication. They provide further confirmation 27

October 18, 2018 2:00 PM Afreximbank loans Zimbabwe $500 million as dollar crisis worsens

The African Export Import Bank (Afreximbank) says it is finalising a $500 million loan facility for Zimbabwe, to help secure the foreign-currency starved southern African country’s imports. Zimbabwe is experiencing a shortage of foreign currency, blamed mainly on a huge trade deficit caused by the collapse of its key agriculture and manufacturing sectors 10

October 11, 2018 1:50 AM Mamamah airport: Sierra Leone cancels China-funded project

Sierra Leone has cancelled a $400m (£304m) Chinese-funded project to build a new airport outside the capital Freetown. Former President Ernest Bai Koroma signed the loan agreement with China before he lost elections in March. At the time, the World Bank and the IMF warned that the project would impose a heavy debt burden. The decision comes amid concern 27

October 5, 2018 7:15 AM Judge faces sack over ‘bereavement’ bribe

A senior Nigerian judge falsely claimed he had suffered a bereavement to get cash from litigants and lawyers appearing in his court, the country’s main judicial body said on Thursday. James Agbadu-Fishim “received various sums of money from litigants and lawyers that had cases before him and some influential Nigerians under the false pretence that he was bereaved 22

September 15, 2018 8:37 PM Who is Professor Mthuli Ncube?

Professor Mthuli Ncube is a financial, economics, investment, and public policy expert. He has vast experience and worked in the private sector, public sector, academia, and international financial institutions. He is a citizen of Zimbabwe. Professor Ncube divided his time between the private sector in Switzerland and academia in the United Kingdom 14

September 10, 2018 10:45 PM New Finance Minister eyes urgent reforms

Newly appointed Finance Minister Mthuli Ncube, has pledged extensive economic reform measures expected to begin with scrapping of Zimbabwe’s surrogate currency, bond notes and reining in Government spending to restore macro-economic stability and sustainable growth. Ncube, a professor of economics and finance, said he already had plans and a vision of what reform 28

September 1, 2018 7:00 PM Mzembi trial date set

The State has set November 19 and 29 as trial dates for former Cabinet minister Walter Mzembi who is facing a slew of corruption charges. Mzembi appeared before Harare magistrate Rumbidzai Mugwagwa represented by Job Sikhala yesterday. His trial on allegations of misappropriating funds meant for the 2013 United Nations World Tourism Organisation (UNWTO) 30

August 14, 2018 4:32 PM It’s not the economy

Over the years, local sports bodies and teams have cried out for funding and sponsorship ahead of crucial matches and assignments. Shortly before the 2017 Africa Cup of Nations (Afcon) finals, the Zimbabwe government had to fork out $1 million to bankroll the Warriors’ participation in Gabon. Just last month, Zimbabwe Cricket (ZC) announced they would 30

July 2, 2018 10:04 AM Zanu PF’s 4,5 million jobs lie

CLAIM: “In the 2013 People’s Election Manifesto, Zanu PF promised to create 2,2 million jobs. Over the past five years, 4,5 million people have been gainfully employed in new jobs in both the informal and formal sectors, with agriculture, mining and manufacturing contributing over 80%.” — Zanu PF 2018 Election Manifesto, page 54. Zimbabwe’s jobs data has long been a subject 29