Zimbabwe’s central bank to sell off majority shares in gold buyer
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Zimbabwe’s central bank to sell off majority shares in gold buyer

ByBrian Kithinji

Zimbabwe’s central bank will sell its majority shares in the country’s sole gold buyer, the Fidelity Printers and Refiners (FPR), as part of the partial privatization of the company. The Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said in a statement that FPR will be unbundled into two business entities, “gold refining” and “printing…

Rwanda’s economy to contract by 0.2% in 2020 – IMF
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Rwanda’s economy to contract by 0.2% in 2020 – IMF

ByBrian Kithinji

Rwanda’s economy is projected to shrink by 0.2% this year, but will rebound strongly next year to grow by 5.7%, according to the International Monetary Fund (IMF). The IMF said an economic recovery was underway but warned that spending to contain the effects of COVID-19 pandemic would raise public debt. “As a result, fiscal deficit…