Ethiopian Airlines suspends ticket services in Malawi due to forex crisis
Ethiopian Airlines has suspended ticket sales for all travel agencies in Malawi effective Tuesday due to foreign currency shortage.
Business
Zimbabwe plunged into further economic crisis after Mnangagwa’s ill-informed address
Recent economic statements by President Emmerson Mnangagwa and Finance minister Mthuli Ncube have reportedly caused shortages of most locally produced commodities at retail outlets.
RBZ takes war to companies over ‘manipulation of currency’ through borrowing
The Reserve Bank of Zimbabwe (RBZ) has uncovered a sophisticated practice by some of the country's biggest corporations unethically borrowing large sums of money from banks.
Mbalula announces limited rail service roll out Cape Town central line
Transport Minister Fikile Mbalula has said limited rail service will be introduced on the Cape Town Central Line.
Dubai investors target Zimbabwe agricultural sector
The Dubai-based group of investors exploring investment opportunities in Zimbabwe are deeply passionate about the country's agricultural sector.
Tongaat Hulett suspends advance payments to cane farmers
Tongaat Hulett has suspended advance payments to farmers following the recent directive by the Government to suspend lending by banks.
Mnangagwa announces measures to curb exchange rate crisis
President Emmerson Mnangagwa announced several measures to halt the rapid decline of the local currency on Saturday evening but claimed Zimbabwe was under attack from economic hitmen.
Zimbabwe to experience 50% drop in grain output
Zimbabwe is set to experience an almost 50% drop in maize production this year due to poor rainfall and a prolonged dry spell, the government has said.
Minister Gordhan rules out state of disaster to solve power crisis
Public Enterprises Minister Pravin Gordhan has said the government is not considering declaring a national state of emergency to respond to the electricity crisis.
Elon Musk sells Tesla shares after Twitter scoop
Tesla CEO Elon Musk sold about $8.4 billion worth of shares in the electric car maker in the days after Twitter's board approved its public offering $44 billion buyout, according to U.S. securities reports.
