Mozambique Passes Law to End Child Marriage

Mozambique’s national assembly took an important step toward ending the country’s sky-high rate of child marriage by unanimously adopting a law banning the practice. The new law prohibits marriage of children younger than 18 years old, without exception, and awaits the president’s signature to go into effect. Mozambique has one of the highest rates of … Read more

Zimbabwe: Latest – Govt Scraps Multi-Currency System, Now Illegal to Use U.S.$

The Govt of Zimbabwe has, with immediate effect, scrapped the multi-currency system in place since 2009 and further criminalised its use alongside the local RTGS$ recently announced as a stand-alone currency. This is according to an Extraordinary Government Gazette released Monday by Finance Minister Mthuli Ncube. “With effect from the 24th June, 2019, the British … Read more

Over 1.4 Billion Cedis Locked Up In Consolidated Bank, Bank Unable To Pay Huge Depositors

Consolidated Bank Unable To Pay Huge Depositors

A total of 1.4 billion cedis belonging to other financial institutions is locked up with the Consolidated Bank as management of the bank says it does not have the cash flow to pay bulk depositors. Deputy MD of Consolidated Bank, Thiaru Ndugu who disclosed this at a Townhall meeting with workers of the bank, said … Read more