Zimbabwe reverses controversial plan to convert export receipts

May 12, 2016 by · Comments Off on Zimbabwe reverses controversial plan to convert export receipts 

HARARE, May 11 — The Reserve Bank of Zimbabwe (RBZ), or the central bank, has scrapped a controversial plan to convert corporate export receipts denominated in the U.S. dollar into the South African rand and the euro barely a week after announcing the measure to counter a liquidity challenge facing the country's financial system.

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Zimbabwe worried over illegal imports of unapproved medicines

January 5, 2016 by · Comments Off on Zimbabwe worried over illegal imports of unapproved medicines 

HARARE, Jan. 4 — The Medicines Control Authority of Zimbabwe (MCAZ) has expressed concern over the illegal importation of unapproved medicines into the country.

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Zimbabwean president slams banks for charging high rates

December 23, 2015 by · Comments Off on Zimbabwean president slams banks for charging high rates 

HARARE, Dec. 22 — Zimbabwean President Robert Mugabe on Tuesday slammed local banks for charging high interest rates, which, he said, stifled economic recovery.

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Zimbabwe proposes law limiting shareholding in banks

October 21, 2015 by · Comments Off on Zimbabwe proposes law limiting shareholding in banks 

HARARE, Oct. 20 — Zimbabwe is proposing to limit shareholdings in banks as part of measures to tighten financial control and improve corporate governance in the sector after five banks have closed since 2009.

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Negative perception affecting external investment to Africa: Afreximbank

August 11, 2015 by · Comments Off on Negative perception affecting external investment to Africa: Afreximbank 

LUSAKA, Aug. 10 — Negative perceptions about the economic environment in Africa was a key factor in militating against the flow of external investment into Africa, says the African Export-Import Bank (Afreximbank) in a statement emailed to Xinhua on Monday.

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EU pledges more funds towards Zimbabwe's agriculture sector

January 30, 2015 by · Comments Off on EU pledges more funds towards Zimbabwe's agriculture sector 

HARARE, Jan. 29 — The European Union (EU) has pledged to provide more funds to support Zimbabwe's agricultural sector, which is the backbone of the country's economy.

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Zimbabwe loosens restrictions on foreign ownership in joint ventures

January 15, 2015 by · Comments Off on Zimbabwe loosens restrictions on foreign ownership in joint ventures 

HARARE, Jan. 15 — The Zimbabwean government has amended its controversial indigenization law to lift the ban on foreign firms holding majority shares in joint ventures forged with local partners.

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(Feature) Trash art changes life of Zimbabwe's distressed women living with HIV/AIDS

December 1, 2014 by · Comments Off on (Feature) Trash art changes life of Zimbabwe's distressed women living with HIV/AIDS 

HARARE, Dec. 1 — Forty-four year old Farai Chinhoyi is an HIV-positive divorcee grappling with the unenviable task of fending for her seven-member family.

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FIFA bans Iran from playing friendly game against Zimbabwe

November 7, 2014 by · Comments Off on FIFA bans Iran from playing friendly game against Zimbabwe 

TEHRAN, Nov. 6 — FIFA has announced that Iran's national football team cannot play a friendly against Zimbabwe on Nov.12, an official with Iran Football Federation Omid Jamali said Wednesday.

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