The central bank’s latest bid to deal with foreign currency shortages will hit hard Zimbabwe’s verdant mining sector, and has been described as ‘catastrophic’ by some industry players.
The Zimbabwe Stock Exchange (ZSE) market capitalisation hit its highest point since dollarisation in 2009 of $6.05 billion as local investors continue to seek refuge in equities to escape currency woes.
Vice-President Emmerson Mnangagwa was poisoned and traces of palladium were found in his body when he underwent surgery in Johannesburg last week, privately-owned Newsday reported today.
State-owned Agricultural Development bank of Zimbabwe (Agribank) reported a profit of $2.18 million in the six months to June from $2.16 million recorded in the comparable period last year on increased income.
Former Reserve Bank of Zimbabwe Gideon Gono at one time said he was very close to Movement for Democratic Change leader Morgan Tsvangirai because they grew up together while at the same time he was a confidante of President Robert Mugabe as he was Mugabe’s personal banker.
Afrikaaner human right group Afriforum, which has taken over the case of Gabriella Engels, the 20-year-old South African woman who was allegedly assaulted by First Lady Grace Mugabe after she was found with her two sons, says it is not over yet for the First Lady.