Ray Ndlovu
Reporter at Bloomberg Businessweek
Reporter @business. Opinions mine. Mercedes-AMG Petronas F1 Fan. Author: In the Jaws of the Crocodile. Tips: [email protected]
Articles
-
1 week ago |
bloomberg.com | Ray Ndlovu
A supermarket till operator with a 10 ZiG banknote in Harare. (Bloomberg) -- Zimbabwe’s bullion-backed currency is heading for failure because policy mistakes have pushed it to the sidelines, according to the country’s oldest independent brokerage. “The ZiG is fast going into extinction,” Imara Asset Management Chief Executive Officer John Legat and Chief Investment Officer Shelton Sibanda wrote in a note to clients.
-
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.
-
1 week ago |
news.bloombergtax.com | Ray Ndlovu
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
-
1 week ago |
bloomberg.com | Ray Ndlovu
A customer hands over bundles of 1000 Naira banknotes to a trader inside a market in Lagos, Nigeria, on Friday, April 22, 2022. Choked supply chains, partly due to Russia’s invasion of Ukraine, and an almost 100% increase in gasoline prices this year, are placing upward price pressures on Africa’s largest economy.
-
1 week ago |
news.bloomberglaw.com | Ray Ndlovu
African nations aren’t rushing to prop up their local currencies and tap their limited foreign-exchange reserves, even as US President Donald Trump’s tariffs upend markets and global trade. So far, dealers said that only Nigeria, the continent’s most populous nation, has intervened in the foreign currency market to support the naira, selling $198 million earlier this month. Angola and Mauritius intervened before Trump announced reciprocal tariffs on trading partners on April 2.
Try JournoFinder For Free
Search and contact over 1M+ journalist profiles, browse 100M+ articles, and unlock powerful PR tools.
Start Your 7-Day Free Trial →X (formerly Twitter)
- Followers
- 7K
- Tweets
- 12K
- DMs Open
- No
African nations are not yet rushing to prop up their local currencies by using foreign-exchange reserves to weather the impact of tariffs by US President Donald Trump. https://t.co/j0Whxuuw59 via @economics
More than 30 years after the last Formula One race in Africa, the continent has a strong chance of making a comeback to the circuit https://t.co/a4gOh2iuUe via @BW
Zimbabwe, already more than $21 billion in debt, is facing a fresh threat of having assets seized because of a long running dispute over mining concessions https://t.co/7JkWW7a9jv via @markets