This blog shares some key learning points that may contribute to a broader Illicit Financial Flows agenda (IFFs) for civil society from the High Level Panel on Illicit Financial Flows recently held in Pretoria, South Africa.
Zimbabwe’s largest ferrochrome producer, Zimasco, currently under provisional judicial management, has approached banks it owes $35 million for a six and half year moratorium on interest on the pre-judicial management debts.
The use of plastic money has increased by 152 percent since the Reserve Bank of Zimbabwe (RBZ) announced measures to encourage the use of credit and debit cards as a means of reducing pressure on physical cash transactions amid a biting bank note shortage in the country.
The Movement for Democratic Change led by Morgan Tsvangirai today said it is not a terrorist organisation.
FBC Holdings has reported 13 percent increase in after tax profit to $9.3 million in the six months to June, driven by a 36 percent growth in net interest income.
Although on its website the Global Alliance for Zimbabwe, which was registered as a charitable organisation in Washington DC in July 2011 by Movement for Democratic Change treasurer Roy Bennett, said it was “a worldwide effort to ensure non-violent, fair, and free elections in Zimbabwe”, its certificates of registration and incorporation did not mention the MDC or politics at all making one wonder what Bennett was really up to.