Hippo Valley profit falls 74 percent, annual sugar production seen tumbling

November 28, 2015

Hippo Valley Estates, the local unit of South African sugar processor Tongaat Hullet on Thursday reported a 74 percent fall…

MDC-T says Zimbabwe’s 2016 budget is a damp squib

November 28, 2015

The Movement for Democratic Change led by Morgan Tsvangirai has described Finance Minister Patrick Chinamasa’s 2016 budget as a damp…

Pelhams under provisional liquidation- share trading suspended

November 27, 2015

The Zimbabwe Stock Exchange has stopped trading in Pelhams shares after the company entered into provisional liquidation, officials said yesterday.…

Zimbabwe’s risk profile improves after arrears clearance plan approval

November 27, 2015

Zimbabwe’s standing with international lenders and investors has improved significantly after the country agreed to an arrears clearance plan with…

Chinamasa confirms collapse of Zisco-Essar deal

November 27, 2015

Zimbabwe’s government is again scouting for an investor to revive Ziscosteel — once Africa’s largest steelworks — Finance Minister Patrick…

Chinamasa says foreign funding is key to recovery

November 27, 2015

Zimbabwe’s Finance Minister Patrick Chinamasa yesterday said the economy will expand by 2.7 percent in 2016, from 1.5 percent this…

Zimbabwe 2016 Budget Highlights

November 26, 2015

Some highlights from the 2016 budget presentation by Finance Minister Patrick Chinamasa in Parliament today. Economy seen growing by 2.7…

Chinamasa says Zimbabwe’s economy will grow by 2.7 percent in 2016

November 26, 2015

Zimbabwe’s Finance Minister Patrick Chinamasa today said the economy will grow by 2.7 percent in 2016, from 1.5 percent this…

Budget to indicate new government economic thrust

November 26, 2015

The 2016 budget to be presented today by Finance Minister Patrick Chinamasa will indicate the government’s new economic thrust as…

Former Telecel-Zimbabwe owner up for $775 million bribery case

November 26, 2015

The former majority shareholder of Telecel Zimbabwe, Vimpelcom, which sold its stake to the government for $40 million this month,…