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Zimref pledges remain flat at $40.4m in 2016

Zimref pledges remain flat at $40.4m in 2016 HARARE – The Zimbabwe Reconstruction Fund (Zimref) said it has received pledges of $40.4 million since its establishment in 2014 and this remained the same during 2016. Of the total pledges, only $27.5 million were received by the Fund. Countries that contributed include Norway (about $4,1 million),…

Morning Express March 31, 2017

FINANCIAL & ECONOMIC HEADLINES Investors to fund $4bn Batoka project HARARE, Herald (March 31, pg B1) The development of the Batoka Gorge Hydro-Electric Scheme has received stimulus with international financial institutions and private investors agreeing to finance the $4 billion power project. This came out at an investment conference called to solicit for finance for…

EU investors cancel visit over protests

HARARE Europe’s top financiers have cancelled an investment meeting planned in Zimbabwe following recent clashes between police and protestors amid fears of the country slipping back into political instability. EU Ambassador Phillip Van Damme said the current unrest has led to the reassessment of the Zimbabwe political situation. The European Investment Bank was due to…

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