Zimbabwe treading carefully on indigenisation to save jobs

June 25, 2015

Zimbabwe has ruled out shutting down companies failing to comply with its indigenisation law, opting for engagement but admits failing…

Hwange’s British shareholder planned to rope in Glencore to manage the Colliery

June 25, 2015

British tycoon Nicholas van Hoogstraten planned to give global commodities giant Glencore Plc a management contract to turn around Zimbabwe’s…

Zimbabwe Foreign Direct Investment inflows up 36 percent

June 25, 2015

Zimbabwe’s foreign direct investment leapt to $545 million in 2014 – less than 5 percent of the country’s GDP — …

Zimbabwe courts private sector for $4.2b to fund water infrastructure

June 25, 2015

Zimbabwe has marshalled nearly $400 million towards water and sanitation since the introduction of the multiple currency system in 2009…

Arda needs $25m working capital

June 24, 2015

Zimbabwe’s Agricultural and Rural Development Authority (Arda) says it requires $25 million for recapitalisation and to purchase new machinery to…

Obert Mpofu overvalued his property when he purchased Allied Bank

June 24, 2015

The major shareholder of the collapsed Allied Bank, Trebo & Khays, overvalued and failed to transfer assets pledged as part…

Mutasa was no saint in the 2008 elections either

June 24, 2015

Former Zimbabwe African National Union-Patriotic Front Secretary for Administration Didymus Mutasa’s threat to spill the beans about the 2008 elections…

Hwange eyes regional markets

June 24, 2015

Zimbabwe’s oldest coal miner Hwange Colliery Company, which has slipped into second place in terms of production, says it will…

Government demands audit of Cold Storage Company before approving $80m investment

June 24, 2015

Zimbabwe’s state-owned meat processor, the Cold Storage Company (CSC), says it has secured an investor to inject $80 million into…

Parliament tells government officials to travel economy class

June 23, 2015

Government officials travelling on business should fly economy class in order to limit expenses as the country is struggling to…