Zimbabwe Gold (ZiG) currency set to collapse, say economists

Zimbabwe’s Reserve Bank Governor John Mushayavanhu has launched the country’s new currency – the ZiG .

Without adequate import cover, an independent central bank and fiscal discipline, it will be only a matter of time before Zimbabwe’s newest currency collapses, say local economists.Castel vs Kadji: Guinness merger shakes up Cameroon’s beer sector The Union Camerounaise de Brasseries , a subsidiary of the Kadji group, has objected to the Castel Group’s acquisition of Guinness Cameroon, a mo...James Mwangi, CEO of Equity Bank Group, made the ‘deliberate decision’ to keep interest rates low to support civil servants and salaried individuals, ...Following a system glitch, which allowed customers to withdraw $14m from ATMs, the bank has published the names, photos and account details of custome...

Source: Digital Coin News (digitalcoinnews.net)

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