Godfrey Marawanyika

1 week ago | bloomberg.com | Godfrey Marawanyika |Ray Ndlovu

Emmerson Mnangagwa(Bloomberg) -- Zimbabwe President Emmerson Mnangagwa signed off on a law that allows closer scrutiny of the finances of non-governmental organizations, powers the authorities say are necessary for safeguarding against money laundering and terrorist financing. The Private Voluntary Organizations Amendment Act published at the weekend will see a government minister overseeing their operations, including the establishment of a registry and a board.

2 weeks ago | financialpost.com | Godfrey Marawanyika |Ray Ndlovu

The Zimbabwe Mining Development Corp. has asked the Mines Ministry for a resolution to a longstanding dispute with a unit of Amaplat Mauritius Ltd. that is laying claim to the assets, a letter written by the company’s Chairman Paul Chimboza to Mines Minister Winston Chitando shows. Get the latest headlines, breaking news and columns. • There was an error, please provide a valid email address. A welcome email is on its way. If you don't see it, please check your junk folder.

2 weeks ago | bloomberg.com | Godfrey Marawanyika |Ray Ndlovu

A truck transports ore for crushing at a Zimbabwean diamond mine. (Bloomberg) -- A state-owned Zimbabwean mining firm is trying to protect assets that risk being seized because the country failed to honor a debt incurred when it lost an international arbitration case over canceled nickel and platinum ventures. The Zimbabwe Mining Development Corp. has asked the Mines Ministry for a resolution to a longstanding dispute with a unit of Amaplat Mauritius Ltd.

2 weeks ago | bloomberg.com | Godfrey Marawanyika

John Mushayavanhu(Bloomberg) -- Zimbabwe collected $215 million from exporters in the first quarter after ordering them to surrender almost a third of the foreign currency they earn to the central bank in exchange for ZiGs to improve liquidity on the interbank market. The central bank on Feb. 6 reduced the foreign currency retention level for exporters to 70% from 75%. The move was part of sweeping measures to stabilize the nation’s new gold-backed currency, the ZiG, short for Zimbabwe Gold.

3 weeks ago | bloomberg.com | Ray Ndlovu |Godfrey Marawanyika

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