FATF grey-lists Zimbabwe

FATF grey-lists Zimbabwe

By Tendai Sahondo The Financial Action Task Force (FATF) recently grey-listed Zimbabwe, a move that is likely to heap more challenges on the country’s troubled banking sector. As part of its ongoing review of compliance with Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) standards, FATF listed Zimbabwe as one of the countries with ‘strategic deficiencies that that pose a risk to the international financial system. Iceland and Mongolia were also added to the grey-list while Sri Lanka, Ethiopia and Tunisia were delisted. “In October 2019, Zimbabwe made a high-level political commitment…

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SMEs offer alternative to Zim health challenges

SMEs offer alternative to Zim health challenges

By Anyway Machani and Tendai Sahondo Charity clings to life by a thread as she struggles to breathe in a crowded hospital ward that now resembles a death chamber. The ire of death snatches both young and old, sparing no one, as doctors are unavailable to provide relive to the sick that lay scattered on the floor. Frantic calls to beg the striking doctors prove futile and soon enough, the nurses also turn a blind eye. Charity fears she could be next on heaven’s roll call; fortunately her brother is…

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