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United States Auditing Firm Sues Zimbabwe Central Bank for Outstanding Debt
A United States auditing firm is suing Zimbabwe’s central bank to recoup about $35 million the company is allegedly owed for some service rendered five years ago.
Some Zimbabwean Banks Miss Recapitalization Deadline
At least four Zimbabwean financial institutions are under stress after they allegedly missed a December 31st 2010 deadline to meet minimum capital thresholds set by the Central Bank in the country, the ZimOnline news agency reported Monday.
Zimbabwe Relaxes Rules on Money Transfer Agencies
Zimbabwe has relaxed rules on Money Transfer Agencies (MTAs), allowing them to send funds out of the country as part of new measures to liberalize the exchange control regime and improve confidence in the banking sector.
International Monetary Fund Praises Zimbabwe’s Improved Economic Conditions
The International Monetary Fund (IMF) has praised Zimbabwe’s improved economic conditions but said more reforms are needed to buttress the southern African economy which is still emerging from a decade-long political crisis.
Zimbabwe’s Industrial Output Up 110% in the First Half of 2009
Zimbabwe’s industrial output grew by 110 percent in the first half of 2009, thanks to an improvement in economic conditions since former political foes agreed to work together at the beginning of the year, a survey showed Wednesday. The survey, conducted...
