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In 2022, inflation remained high, the exchange rate was on steroids for long periods, lights went out often and Zimbabwe’s long tradition of policy shifts kept businesses on edge. There was, still, some business to be done, for better or for worse. Here, we look back at some of the top company news we covered
In 2017, when Barclays sold its Zimbabwe business to FMB Capital, a foreign bank, it became political fodder. At a rally, Kudzanai Chipanga, then leader of ZANU PF’s youth league, screamed: “We are worried that Barclays is being bought by a foreign bank instead of locals. This raises the risk of foreigners sabotaging us.” Opposition…
In 2022, inflation remained high, the exchange rate was on steroids for long periods, lights went out often and Zimbabwe’s long tradition of policy shifts kept businesses on edge. There was, still, some business to be done, for better or for worse. Here, we look back at some of the top company news we covered…
HARARE - Trading in Lafarge shares has been suspended on the Zimbabwe Stock Exchange (ZSE), as the company reviews the impact of United States sanctions imposed on its new owners. The US government imposed sanctions on Fossil Agro and Fossil Contracting, part of the Fossil Group, and also sanctioned Obey Chimuka, the company’s owner. The…
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