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Ray Ndlovu
Verified
Reporter, Bloomberg Businessweek
Beats
cultureLiterature
Content
By Ray Ndlovu Verified| Bloomberg News Verified A field of failed corn crops due to drought at a farm in Glendale, Zimbabwe, on Monday, March 11, 2024. A swathe of southern Africa about the size of France suffered the driest February in decades, killing crops and precipitating a power shortage that threatens to hit copper mines in a key producing region.
By Ray Ndlovu Verified| Bloomberg News Verified A supermarket till operator with a 10 ZiG banknote in Harare. (Bloomberg) -- Zimbabwe’s bullion-backed currency is heading for failure because policy mistakes have pushed it to the sidelines, according to the country’s oldest independent brokerage. “The ZiG is fast going into extinction,” Imara Asset Management Chief Executive Officer John Legat and Chief Investment Officer Shelton Sibanda wrote in a note to clients.
By Ray Ndlovu Verified| Bloomberg News Verified A field of failed corn crops due to drought at a farm in Glendale, Zimbabwe, on Monday, March 11, 2024. A swathe of southern Africa about the size of France suffered the driest February in decades, killing crops and precipitating a power shortage that threatens to hit copper mines in a key producing region.
Company Info
Bloomberg Businessweek
Bloomberg L.P. is a global financial data, software, and media company founded in 1981 by Michael Bloomberg and his partners. Originally named Innovative Market Systems, it rebranded to Bloomberg L.P. in 1986. The company is renowned for the Bloomberg Terminal, a proprietary platform that provides real-time financial data, analytics, and trading tools to over 350,000 subscribers worldwide. Bloomberg operates in three main areas: financial technology, news/media, and data analytics. Its flagship product, the Bloomberg Terminal, offers market data, news, and communication tools for financial professionals. Bloomberg News, with over 120 bureaus globally, covers financial markets, politics, and technology across various platforms, including digital, television, and print. The company also provides specialized data and analytics services, including legal and regulatory information, through its acquisitions. Bloomberg L.P. is privately held, with an estimated revenue of $12.5 billion in 2023, primarily from terminal subscriptions.
United Arab Emirates, United Arab Emirates
+1 212-318-2000
Founded: 1981