Poor Governance hindering Africa's Economic Development
The Political Economy of Sub Saharan Africa in particular and Africa in general has been affected by political instability and Africa has been lacking a voice at important groupings such as G8 and G20. Despite having some of the world’s huge reserves of natural resources such as gold ,diamonds, coal, steel, and oil. Sub Saharan Africa remains largely undeveloped and poverty stricken. The region’s population largely lives under poverty and foreign direct investment has been rather limited partly due to political violence, civil strife and wars. Some of the problems emanate from poor Governance and poorly developed National Institutions.Sub Sahara Africa has seen massive inte

Bank policy reversal must be explained
Whilst it may seem justice has finally been done by Gideon Gono’s admission of failure and returning ZABG (Trust Bank, Royal Bank, Barbican ) to its rightful owners there is need to do a proper analysis on why someone would grab an asset for over 5 years, use it and abuse it and then return it. This is not

Gono owes Zimbabwe an explanation and apology
Late last week it was widely reported that Reserve Bank of Zimbabwe Governor Gideon Gono has ordered the return of some of the confiscated banks to their original owners. This was both shocking and surprising given that no credible explanation was given for such a dramatic policy suamersault.These Banks w

Finance Bank faces rivalry in acquiring Zim’s CFX Bank
By Nchima Nchito Jr Fri 06 Nov. 2009, FINANCE Bank Zambia’s (FBZ) plans of acquiring a controlling stake in CFX Bank of Zimbabwe have suffered yet another setback following announcements that Interfin Bank is also eyeing the institution.Recently, there have been sever

Zimbabwe: New Twist to CFX Rescue Plan
Zimbabwe: New Twist to CFX Rescue Plan Martin Kadzere and Golden Sibanda5 November 2009Harare — FORMER ENG director Gilbert Muponda has launched a fresh bid to scuttle Interfin Holdings Limited's plans to acquire CFX Financial Services citing his proprietary interest in the