President Emmerson Mnangagwa is targeting revenue of up to $12bn – a vastly ambitious quadrupling – from the mining industry by 2023, but ... opaque activities by by allies of the ruling elite are a major stumbling block for the government.
Towards the end of last year, the South African government announced that it would not be renewing the Zimbabwean Exemption Permit (ZEP) that ... had been granted to citizens prior to 2009. The decision, which was attributed to Zimbabwe’s collapsing economy under Robert Mugabe’s four-decades-long regime, stands to affect close to 200,000 Zimbabweans currently working and studying in the country.
Before staging a military coup that ousted former president Robert Mugabe in November 2017, the military – and Emmerson Mnangagwa’s Lacoste ... faction of the ruling party – accused Grace Mugabe of taking over some government functions. With just less than five years after becoming Zimbabwe’s first lady, Auxillia appears to be following in Grace’s footsteps.
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Through the Bankers Association of Zimbabwe, Stanbic Bank engaged the central bank to ensure the suspension of bank lending does not cripple ... their operations, Panashe Chitumba Stanbic Bank's head of risk and corporate affairs tells The Africa Report.
The Encounters South African International Documentary Festival returns to theatres for the first time in two years, with in-person screenings ... taking place across venues in Cape Town and Johannesburg. Perhaps the most prestigious festival on the continent for documentary films, the 24th edition of Encounters offers a whopping 53 titles – shorts and features inclusive. It runs from 23 June to 3 July 2022.
Zimbabwe politics are shaping up to be fairly competitive as President Emmerson Mnangagwa faces not only a spirited opponent from the opposition, ... but also a potential challenge from his own Vice President, Constantino Chiwenga.
Old Mutual Zimbabwe: Suspension in bank lending leaves a dent in investor confidence, says Matsekete
On 7 May this year, President Emmerson Mnangagwa introduced a raft of measures meant to stabilise Zimbabwe’s economic crisis. Among the measures ... included was a suspension - with immediate effect - of lending by banks to both the government and private sector.
The explosion in the price of lithium has opened up new prospects for the mineral on the continent. But for the time being, the transformation ... of this resource – which has become strategic for technology companies – is mainly carried out outside Africa. Our infographics tell the story.