Robert Mugabe Wikileaks cables – Part Eight

July 15, 2017

Zimbabwe might not get assistance from the West if President Robert Mugabe retires and is replaced by a hardliner from…

Who is withholding Zimbabwe’s cash- banks or people?

July 15, 2017

Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya on Wednesday told a business symposium organized by the University of Zimbabwe…

National Railways of Zimbabwe only has 60 functional locomotives, owes workers $90 million

July 15, 2017

Struggling state-owned National Railways of Zimbabwe (NRZ) only has 60 operational locomotives, some as old as 50 years and owes…

Zimbabwe recovers $35 million from six failed banks

July 14, 2017

The Depositors Protection Corporation (DPC) has recovered $35 million from six closed banks, but has only reimbursed $3.2 million to…

Zimbabwe Stock Exchange bullrun slows

July 14, 2017

The Zimbabwe Stock Exchange industrial index advanced 0.24 percent to close the week on 198.41 points, driven by slight gains…

Robert Mugabe Wikileaks cables – Part Seven

July 14, 2017

President Robert Mugabe was ready to retire more than a decade ago but he was only willing to leave office…

British MP urges Whitehall to spend its aid to Zimbabwe on voter education since Mugabe is squandering money on foreign travel

July 14, 2017

A British Member of Parliament, Kate Hoey, this week asked Foreign and Commonwealth Minister Rory Stewart to spend British aid…

Zimbabwe has enough cash but it is not circulating- minister

July 14, 2017

Zimbabwe has $760 million, which is 11.7 percent of total deposits, but this money is not circulating as it should…

Bulawayo, CBZ sign $7 million housing project MOU

July 14, 2017

Financial services group CBZ Holdings and Bulawayo City Council (BCC) yesterday  signed a memorandum of understanding (MOU) to construct 670…

Why Zimbabwe cannot adopt the South African rand

July 14, 2017

Zimbabwe cannot adopt the South African rand as its own currency because it is foreign currency which has to be…