Business Briefs
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Price hike double-blow to hit Zimbabwe over Christmas
Tafadzwa Mutsika As the year 2021 comes to an end consumers are facing a double financial blow over the December holiday period as steep price increases and growing inflation take effect. The country’s latest LP Gas price increase, which took effect on 07 December 2021, has been followed by increase in price of other basic commodities. The consumers are always…
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Sovereign wealth funds slowly making progress in Africa.
Sovereign wealth funds are gaining ground in Africa, although urgent financial reforms are needed to boost foreign investment following the Covid-19 pandemic. This is according to economic experts speaking during the second day of the 2021 African Economic Conference in Cabo Verde. Studies presented during one of the sessions on Friday highlighted the progress made in some countries over the…
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2021 AEC: Experts call for African crypto currency, integrated capital market to ease business costs
A common crypto currency and an integrated capital market could boost trade in Africa and sustain growth after the Covid-19 crisis, experts said at the 2021 African Economic Conference on Friday. But the continent first needs to harmonise national rules and protocols governing the financial systems of individual countries to make the reforms workable, panellists said during a discussion on…
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