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Posts Tagged ‘International Monetary Fund’
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February 5, 2018

Mnangagwa says Zim is open for business

Zimbabwe President Emmerson Mnangagwa has portrayed Zimbabwe as welcoming investors from around the world, highlighting that his administration was re-integrating white commercial farmers to boost agricultural productivity and insisting that there would be no immunity for members of the previous administration headed by Robert Mugabe.

This was the gist of Mnangagwa’s 30-minute insight interview at the World Economic Forum (WEF) in Davos yesterday.

Zimbabwe – which can expect economic growth of 1percent this year, according to the African Development Bank and the International Monetary Fund – is desperate for international capital and is banking on the [...]

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August 17, 2017

President Zuma to launch BRICS African Regional Centre

President Jacob Zuma will preside over the official launch of the African Regional Centre of the BRICS New Development Bank (NDB). The launch of the regional centre will take place in Sandton, Johannesburg.

“The BRICS [Brazil, Russia, India, China and South Africa] bloc of countries signed the agreement establishing the New Development Bank at the sixth BRICS Summit in July 2014 in Brazil,” said the Presidency on Wednesday.

Meanwhile, the seventh BRICS Summit marked the entry into force of the agreement on the New Development Bank. The NDB headquarters were officially opened in Shanghai, China, in February 2016.

Another key resolution taken at the summit was to [...]

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