Zimbabwe’s economy is on the verge of recession, with low consumer demand and a liquidity crunch putting its businesses under plenty of strain. Against this backdrop, finance minister Patrick Chinamasa tells Paul Wallace how he has started to rebuild its ties with multilateral lenders in a bid to access new credit.
Africa
Latest articles from Africa
Top 1000 World Banks – Western European banks mount a comeback
June 30, 2014Profits are up in the 2014 Top 1000 World Banks ranking, with much of the good news coming from the direction of western Europe. On a regional basis, however, Asia-Pacific still dominates.
Top 1000 World Banks – Emerging market banks perform strongly once again
June 30, 2014As was the case in 2013 Top 1000 World Banks ranking, when it comes to returns on assets, African banks are the stellar performers.
Top 1000 World Banks – Africa’s biggest banks endure a tough year
June 30, 2014South Africa's lenders, for so long the shining light in Africa's representation in The Banker's Top 1000 rankings, retain the top spots in the regional list but mostly with falls in their Tier 1 capital. The good news, however, comes from the direction of Morocco's financial institutions.
PTA's change in fortune
May 23, 2014PTA Bank, one of Africa’s main development banks, was in crisis at the turn of the millennium. But it has since turned itself around and boosted its capital base, meaning that its chief executive is confident in saying that it is finally able to fulfil its role of fostering regional trade in eastern and southern Africa.
South African CBG toes a fine line
May 23, 2014South Africa’s central bank governor Gill Marcus faces the tricky task of curbing inflationary pressures while trying not to damage the country’s weak economy. Whether or not she succeeds will depend to a large extent on factors outside her control.
The slow emergence of an east African market
May 1, 2014Regional integration, a painstakingly slow process across most of Africa, has started to gain momentum in east Africa, removing some obstacles for investors.
Egypt's banks look for growth in a crisis
May 1, 2014Egypt’s banks were well insulated from the global financial crisis, but with continuing political instability since the overthrow of former president Hosni Mubarak, many are wondering just how long the country's banks can outpace its slowing economy.
Angola seeks an end to oil dependence
May 1, 2014Angola’s impressive post-war development continues apace. But as oil production stagnates, the government is under greater pressure than ever to diversify the economy and create jobs.