Zimbabwe Situation

Source: Zimbabwe Price Bulletin, April 2023 Maize grain and maize flour are the main foods consumed by allhouseholds in Zimbabwe. These food items are both produced locally and imported from neighbouring countries, particularly in the southwestern provinces of the country. The markets monitored are the main markets that offer both wholesale and retail supply in […] …
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Source: Allan Gray’s outlook on equities in Zimbabwe, Nigeria and Egypt By Rami Hajjar, portfolio manager of the Allan Gray Africa ex-SA Equity Fund Lagos, Nigeria It has been a tumultuous first quarter of 2023, and African equities have not been spared. Global markets started the year on a very positive note, with the S&P […] …
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Source: Devex Newswire: Is Zimbabwe walking into a major foreign aid misstep? Civil society groups in Zimbabwe are worried that government actions — specifically a proposal to place new restrictions on NGOs’ political activities — will turn off donors and potentially cause international aid to the country to dry up. A consequential choice Zimbabwean President Emmerson […] …
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Source: RBZ puts tobacco cartels on the radar – The Zimbabwe Independent INFLUENTIAL tobacco cartels have been placed under the Reserve Bank of Zimbabwe (RBZ)’s radar following reports that they have been colluding to manipulate prices. The practice has benefited tobacco contractors, who fund farmers to produce the crop, along with their merchants, mostly in […] …
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Source: Minister Accused Of Pressuring Scholarship Recipient For Sex The minister of state in the office of the president, Davis Marapira, was accused on Monday of pressuring a 19-year-old student who received a scholarship from him to have sex with him.Marapira reportedly attempted to convince the young woman to come to his hotel but became upset […] …
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Source: Biti Criticizes Mthuli Ncube Over Falling Zimbabwe Dollar   Former Finance Minister Tendai Biti criticized Treasury boss Mthuli Ncube over the falling Zimbabwe dollar. Biti said there is widespread rejection of the local currency in the market and an urgent need to address the failed de-dollarization experiment. He wrote on Twitter: There is rampant rejection of the […] …
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Source: POTRAZ to investigate alleged third-party access to personal data – #Asakhe – CITE By Misa Zimbabwe The Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) says it will investigate alleged violations of the Cyber and Data Protection Act following an enquiry by MISA on alleged third-party access to personal data in breach of the […] …
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Source: Padenga returns to profitability –Newsday Zimbabwe File pic: Crocodiles VICTORIA Falls Stock Exchange-listed crocodile breeder Padenga Holdings Limited (Padenga) has returned to profitability after recording a turnover of US$127,9 million for the full year 2022, an increase of 68% from the previous year. In 2021, the group recorded a turnover of US$76,1 million. The […] …
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Source: ED backtracks on ‘looting’ law –Newsday Zimbabwe President Emmerson Mnangagwa PRESIDENT Emmerson Mnangagwa has scrapped the controversial law that sought  to hide details of some procurement processes from the public after a public outcry, saying its gazetting was a fraud, exposing the confusion in his office. Mnangagwa yesterday said the Public Procurement and Disposal […] …
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Source: Cimas gives rural pupils a treat –Newsday Zimbabwe Some of the pupils at ZITF CIMAS Health Group enabled 80 underprivileged children from Mashonaland East and Matabeleland North provinces to experience the Zimbabwe International Trade Fair (ZITF) by paying for their transport, accommodation, meals and entry into the trade fair which ended on April 29. […] …
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