Analysis of Zimbabwean investment opportunities

Analysis of Zimbabwean investment opportunities

Analysis of Zimbabwean investment opportunities

  In the 1980s, Zimbabwe could only be described as having a pandemic feeling of economic and political opportunity. The country, already known as the ‘breadbasket of Africa’, had just gained its independence and anticipated a future of political stability with ANC veteran and war hero, Robert Mugabe, at its helm. To an opportunist investor, Zimbabwe demonstrated huge potential. To…

Risks will reduce for Zimbabwe after July election

Risks will reduce for Zimbabwe after July election

Risks will reduce for Zimbabwe after July election

Elections slated for 18 July in Zimbabwe could kick start a massive surge in international business. Grace Muradzikwa, CEO of Zimbabwean insurer Nicoz Diamond, said the country is already enjoying a surge in interest. However, she added: “The international community wants to see an election to legitimise the change in president.” Ms Muradzikwa said one of the strongest signals of…

Fitch improves Angola rating

Fitch improves Angola rating

Fitch improves Angola rating

A more stable foreign exchange regime in Angola, along with major reforms, has encouraged Fitch Ratings to revise its outlook on Angola’s long-term foreign-currency issuer default rating (IDR) to stable from negative and affirm the IDR at B. It said the changes “reflect improvements in the management of the foreign exchange regime and the government’s adoption of an ambitious reform…

Major insurance regulatory change ahead in Namibia

Major insurance regulatory change ahead in Namibia

Major insurance regulatory change ahead in Namibia

Treating customers fairly and adapting to a changing environment is driving regulatory change across Naimbia, particularly for the insurance sector. Kenneth Matomola, chief executive of the Namibian Financial Institutions Supervisory Authority (Namfisa), has outlined a series of regulatory reforms soon to be addressed by parliament, with plans to see the changes endorsed within the current parliamentary terms. The changes include…

Boost for businesses wanting to develop Zimbabwe interests

Boost for businesses wanting to develop Zimbabwe interests

Boost for businesses wanting to develop Zimbabwe interests

The African Export-Import Bank (Afreximbank) is to provide between $1bn and $1.5bn of funded and guaranteed facilities to support businesses investing in Zimbabwe. Dr Benedict Oramah, bank president, said the facilities would be arranged under ZimOpen, an inward investment support facility that Afreximbank is putting in place in collaboration with the Zimbabwe government. Dr Oramah added that ZimOpen is aimed…

Mozambique rating affirmed as finance remains difficult

Mozambique rating affirmed as finance remains difficult

Mozambique rating affirmed as finance remains difficult

Mozambique’s long-term foreign currency issuer default rating has been affirmed by Fitch at RD (restricted default), as the country admits there is no short-term fix for its debt problems. Fitch said the affirmation reflects the sovereign’s inability to cure the default on debt to external commercial creditors. Since Fitch downgraded Mozambique to RD in November 2016, the sovereign has missed…

Mozambique receives major bank boost

Mozambique receives major bank boost

Mozambique receives major bank boost

Mozambique is to receive grants totalling $29m from the African Development Bank (AfDB) to boost agriculture and education. The first project will support the uptake of agricultural technologies and techniques, as well as small-scale irrigation equipment to increase the climate resilience of small agricultural producers, while the second will strengthen the curricula and teaching facilities at the University of Lurio,…

Mercer signs deal for talent project in Zimbabwe

Mercer signs deal for talent project in Zimbabwe

Mercer signs deal for talent project in Zimbabwe

Mercer, a wholly-owned subsidiary of Marsh & McLennan Companies, has signed a strategic partnership agreement with Advisory K, a Zimbabwe-based consulting firm, to bring leading talent management, consulting, data-driven solutions and insights to the local market. They said clients will have access to a range of best practice Mercer solutions, driven by the global thought leadership benefiting current and prospective…

Political uncertainty and instability tops southern Africa risks

Political uncertainty and instability tops southern Africa risks

Political uncertainty and instability tops southern Africa risks

Political uncertainty through transitions and instability are among the key risks for businesses in southern Africa in 2018, according to Control Risks’ annual political and security risk forecast RiskMap. Control Risks’ senior partner for southern Africa George Nicholls said: “2018 will see continued uncertainty around political leadership in our southern African markets. The transitions in Zimbabwe and Angola in 2017,…

1 2 3 9