Zimbabwe burns while the lights are out

A red light or high pitched alarm are the two most dreaded things in our lives in Zimbabwe today. They mean that the car has almost run out of fuel, the prepaid electricity meter is about to run out of money, the phone battery is almost flat, the internet connection has gone, the inverter battery is dying. And when the red lights go off completely we just grind to a halt.

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Zimbabwe banks on interbank market for readmission into Standards and Poor’s Jones Indices (S&P DJI)

Programme launched to reform and strengthen Zimbabwe’s capital market

Harare – Zimbabwe is looking for readmission into the Standards and Poor’s Jones Indices (S&P DJI) also known as S&P African indices, as it puts hope on foreign currency allocation from the interbank foreign exchange market|Raynold Mhotseka, EQUITY AXIS||

Mugabe ‘lost $1m in stolen briefcase’?

Nearly $1m (£914,000) in cash was stolen from a briefcase belonging to Zimbabwe’s former President Robert Mugabe, the state-owned Herald newspaper reports.

Three people appeared in court earlier this month accused of stealing a suitcase containing $150,000.

But according to “updated court documents” seen by the Herald, Mr Mugabe says he lost much more.

Mr Mugabe, now 94, was forced out of office by Zimbabwe’s military in 2017.

Up to that point, he had been in power for 37 years, first as prime minister and later as president.

German investor Allianz X chooses Uganda’s SafeBoda as its first African investment

Meet SafeBoda, the African ride-hailing and fintech company

Ugandan bike-hailing startup, SafeBoda has secured a Series B investment co-led by Allianz X and Go-Ventures. This was announced on Tuesday, May 7 by Allianz X.

Allianz X is the digital investment unit of Germany’s Allianz Group, and part of the group’s Renewal Agenda while Go-Ventures is the venture capital arm of Indonesian startup—GOJEK, investing globally in early-stage ventures.

Allianz revenue of 130.6 billion euros places it firmly in the top 5 largest financial services companies in the world. Allianz X invest in digital growth companies that are part of their ecosystems related to insurance: Mobility, Connected Property, Connected Health, Wealth Management & Retirement, and Data Intelligence & Cybersecurity while also helping to drive innovation across Allianz operating entities.

Middle East’s ’empty broken shopping baskets’ —they looked at the wrong numbers

CRIMSON TAZVINZWA, AIWA! NO!Inflation in the Middle East is typified by the same economic factors affecting most Sub Saharan AFRICAN countries.

Across the world, surging international food prices have become a major cause for concern and topic of debate. This is especially so in the Arab world, which is home to some of the largest food importers and where rising food prices have been one of the factors in recent political unrest.

In the context of ongoing political developments, governments across the region are responding to the rise in commodity prices with hikes in fuel and food subsidies, civil service wage and pension increases, additional cash transfers, tax reductions, and other spending increases. These measures will help poor households maintain their purchasing power and limit further increases in domestic food prices.