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Strive Masiyiwa, the richest man in Zimbabwe

Strive Masiyiwa, the richest man in Zimbabwe

In March 2017, the American magazine Fortune ranked Strive Masiyiwa, 56 years old, as the 33th out of 50 biggest leader in the world. The list gathered personalities coming from the world of arts, politics, or business. Mr. Masiyiwa is famous for being the richest man in Zimbabwe with more than 600 million dollars in […]

Hard currency gets harder

Hard currency gets harder

The US dollar replaced the worthless Zimbabwe dollar in 2009 but over the last 18 months, the economy struggled because of a domestic shortage of greenbacks. There were rumours that last month the central bank was buying black market US dollars creating general panic within the country. Cash has enjoyed a steady 10% to 20% […]

Reforms are the realistic way out

Reforms are the realistic way out

Zimbabwe moved from 161 to 159 in the World Bank rankings. Its rise has been attributed to improvements in the ease of setting up a new business. The World Bank rankings also measure aspects of regulation affecting eleven areas of the life of a business, ten of which are included in this year’s ranking on […]

Mortgage loans are increasing

Mortgage loans are increasing

Zimbabwe has seen an increase in mortgage financing in the past years because of an increase in demand for housing and also due to a diversification by commercial banks to areas previously reserved for building societies. According to the economist Kipson Gundani the mortgage finance providers are increasingly tailoring their products to adapt to the needs […]