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||

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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.

Sudan paramilitaries threw dead protesters into Nile, doctors say

Paramilitaries in Khartoum threw dozens of bodies into the Nile to try to hide the number of casualties inflicted during a dawn attack on pro-democracy protesters in the Sudanese capital earlier this week, doctors and activists have said|CRIMSON TAZVINZWA||

US Congress Staffers Visit Mozambique with CARE to See How U.S. Investments Are Empowering Small-Scale Farmers and Tackling Chronic Hunger

US Congress Staffers Visit Mozambique with CARE to See How U.S. Investments Are Empowering Small-Scale Farmers and Tackling Chronic Hunger

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.