Global telecoms giant VimpelCom, the parent company of Telecel Zimbabwe, today said it had sold its Burundi and Central African Republic interests to Econet Wireless Global (EWG) for $65 million.
Ferrochrome producer Zimbabwe Alloys has recovered 150 tonnes of metal from its dumps after an unnamed Chinese firm commenced recovery last month, while talks with a potential investor to inject $50 million fresh capital into the business will be concluded in three months, the company’s judicial manager has said.
Two Chicago men who were recently convicted of illegally lobbying for the lifting of sanctions on Zimbabwean President Robert Mugabe and former Central Bank governor Gideon Gono were not only interested in bailing out the ageing ruler but they were also eyeing Zimbabwe’s vast diamond resources.
President Robert Mugabe’s spokesman George Charamba says First Lady Grace Mugabe’s views are her own and not of those her husband. Charamba told New Zimbabwe.Com: “The First Lady is the incoming secretary of the women’s league.
The Movement for Democratic Change today said it was satisfied with the preparations for its congress to be held this month and said the congress will not just be about elections but will set up the roadmap to the next elections.
The Postal and Regulatory Authority of Zimbabwe (POTRAZ) has ordered mobile network operators to cut their voice tariffs to 15 cents per minute from the current maximum of 23 cents per minute with effect from December after adopting a new pricing model, in a move that will exert pressure on a sector battling rising costs.