Robert Mugabe Former Zimbabwe President Kiran Nagarkar Sahitya Akademi Award-winning writer V Ganesan Indian National Army (INA) veteran Davo Karnica Mountain skier Madhav Apte Former Indian test cricketer Naramalli Shivprasad Senior TDP leader Gyorgy Konrad Famous writer and sociologist Jean Edward ...
The Reserve Bank of Zimbabwe has frozen the bank accounts belonging to an entity only identified as China Nanchang for allegedly engaging in money laundering activities. We present RBZ’s statement in full below. FREEZING OF ACCOUNTS USED FOR PARALLEL MARKET ACTIVITIES Earlier today, the Reserve Ban...
So, some corporates that have been excessively borrowing from the banks were abusing these funds for purchasing their commodities that they would now sell using the parallel exchange rates, which they would then push again upwards. After pushing the parallel exchange rate, when they go back to th...
…contractors are getting billions (of Zimbabwe dollars) for the work that they would have done. “We expected that (depreciation and inflation), but at the same time you cannot say to the Government not pay, they have to pay and they have to honour their obligations, but in the c...
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THE Reserve Bank of Zimbabwe (RBZ) has unearthed an elaborate practice by some big corporates in the country, who were borrowing large amounts of money from banks which they would then channel into the black market to buy foreign currency and manipulate exchange rates. ...
Is it sensible to pay insolvent banks to hold your currency? Negative interest rates are now common. Is it sensible to lend your savings to insolvent governments for 10 years at 2% interest or less when history shows us that the purchasing power of the currency will decrease far more than ...
At the same time elevated, yet steady, interest rates in the US are helping stock pickers separate winners and losers by focusing on old-fashioned fundamentals like earnings growth and how much cash is piling up on balance sheets. /jlne.ws/4ejteEi Abu Dhabi’s First IPO of the Year ...
SCALE allows you to price your goods and services in multi currencies competitively through the flexibility of configuring the margins you want on the FX rates. How to get started with setting up your Scale? See All Videos Read: How to get started setting up your Scale Read All Stories ...
Through our Africa Internship Program, we hire interns from universities in Côte d'Ivoire, Egypt, Ghana, Kenya, Nigeria, Rwanda, South Africa, Togo, Uganda and Zimbabwe. We also partner with more than 30 organizations focused on advancing diverse talent — including ALPFA (the Association of ...