Level of investor interest in Zimbabwe in Q1 2024, via investment applications to Zimbabwe Investment and Development Agency:

* New licences issued for projects valued at US$622m, down from US$760m in Q1 2023. The drop partly due to a slowdown in new mining projects
* The services sector had the highest

CBZ appoints Lawrence Nyazema as Group CEO. He has the task of steering CBZ’s takeover of FML and ZB Financial Holdings.

On April 10, Zimbabwe Stock Exchange gave CBZ another 90 days to make an offer to FML shareholders, after the initial 6-month period expired. CBZ is still seeking regulatory

After pouring millions into expansion, Innscor says it is now taking the foot off the capex pedal to focus on getting the best out of its new assets - from dairy farms, biscuit and pasta factories to a flour mill

newzwire.live/after-investin…

Invictus Energy is lining up one more potential customer for the gas it plans to produce: a gas-to-power plant for one of Zimbabwe’s biggest gold producers

newzwire.live/invictus-looks…

What do public infrastructure projects do for property values?

Here’s Brett Abrahamse of Terrace Africa, which developed projects such as Highland Park and manages the Tigere Property Fund

Property company Mashonaland Holdings announces the resignation of MD Gibson Mapfidza. CFO Kudakwashe Musundire will act as MD.

Despite low prices and previous doubts, Huayou’s Prospect considers stepping up value addition with a new sulphate plant newzwire.live/despite-low-pr…

Mthuli Ncube’s plea to the US Treasury Department: please tell banks that you’ll no longer punish them for dealing with Zimbabwe newzwire.live/mthulis-plea-t…

Debt crisis: Because of arrears to major lenders such as World Bank and AfDB, Zimbabwe can’t access major loans on international markets.

Mthuli Ncube hopes an IMF staff-monitored program will lead to a bridging loan of up to US$2bn that can help Zim clear arrears.

🎥 Bloomberg

Fin. Minister Mthuli Ncube says MOFED&IP will soon decide on whether it should further revise the 2024 growth forecast (3.5%).

Despite the drought being worse than expected and the new currency, he doesn’t plan a supplementary budget.

🎥 Bloomberg TV

Telecoms regulator POTRAZ says profitability is falling in the sector due to rising costs. Data usage rose by 50.7% last year, but operators aren’t able to invest enough to meet demand.
“This calls for consistent alignment of service charges to the increasing cost of service

🚨 Regional power crisis: Zambia’s mining industry fears “irreparable damage” for underground mines and smelters due to power cuts. Losses would be “calamitous”.

Zambia and Zimbabwe face power shortages after generation at the shared Kariba dam was sharply cut due to the drought

Masimba's order book more than doubled as it benefitted from Govt infrastructure and strong mining growth.

Now, both these pipelines are drying up, showing the risks that Zimbabwe's construction firms face.

More here 🔗 newzwire.live/latest-masimba…

As businesspeople gathered to hear Mushayavanhu speak, Mike Kamungeremu of the ZNCC stood at the podium and asked: “Hands up those who want to give the governor a chance.”

The response showed John Mushayavanhu’s biggest war — winning confidence

More ⤵️

newzwire.live/zw-view-dear-g…

NEW: IMF sees Zimbabwe’s economy growing by just 3.2% this year, almost matching MOFED&IP’s 3.5% forecast.

According to IMF’s latest outlook, Zim economy grew by 5.3% last year and 6.5% in 2022.

Slower growth is expected in 2024 due to drought and lower commodity prices

INSIGHT | How Zimbabwe’s big businesses are losing the street fight for dollars newzwire.live/insight-how-zi…

Mushayavanhu writes to RBZ staff: We have lost the public’s trust. Winning it back must start with internal reform newzwire.live/mushayavanhu-w…

After investing US$160m, Innscor now focuses on sweating its new capacity - from new mills, a pasta factory, to a dairy farm
newzwire.live/after-investin…

Meet the two British aristocrats who may soon control one of Zimbabwe’s biggest lithium assets newzwire.live/meet-the-two-b…

ZW VIEW | Dear Governor John, all we ask for is this — a boring Reserve Bank

newzwire.live/zw-view-dear-g…