Zimbabwe Independent investigative journalist Elias Mambo and its former reporter Franz Wild who is now at the Bloomberg were acknowledged at the Trace International Investigative Reporting Awards in Washington on […]
Archive | Economy
Updated:Malawi’s FMB takes over Barclays Bank Zimbabwe
BARCLAYS Plc has sold its majority stake in its Zimbabwean operation to Malawi’s First Merchant Bank (FMB), putting an end to months of a fierce bidding war to take over […]
BREAKING: Zimra boss Pasi resigns
SUSPENDED Zimbabwe Revenue Authority (Zimra) commissioner-general Gershem Pasi who was facing 45 charges of misconduct has resigned.
Trafigura gives own side of the story
THE Zimbabwe Independent recently ran a story on the Trafigura Group. Below is a statement by the global commodities firm following publication of the story: Trafigura Group is aware of […]
Assessing US$100m capital requirement for local banks
Almost five years ago, the Reserve Bank of Zimbabwe (RBZ) increased the minimum capital requirements for commercial and merchant banks to US$100 million from US$12,5m and US$10m respectively. With 13 […]
Anglo American profit doubles as miners come roaring back
Anglo American Plc reported profit more than doubled last year amid a recovery in commodities, leading the mining giant to say it no longer needs to sell assets to reduce […]
Harare plant ups PPC cement volumes
PPC’s decision to invest in a new plant in Harare, Zimbabwe is already paying dividends as cement volumes, which had been trending lower, are now showing improvement.
Zim faces 15% hike in basic foods with new VAT rules
Zimbabwe is set to introduce a 15% value added tax (VAT) on several basic foodstuffs with effect from February 1 2017, following the publication of new legislation.
