Foreign direct investment by-passes Zimbabwe but local firms create most continental jobs after South Africa

September 25, 2015

Foreign Direct Investment into Africa grew by 64 percent to $87 billion in 2014, but largely bypassed Zimbabwe, reflecting worries…

Government not asking civil servants to retire at 50

September 25, 2015

The government is not intending to retrench any civil servants at the moment, the Deputy Minister of Public Service, Labour…

Minister says MPs should not ask villagers to contribute money to repair rural roads

September 25, 2015

The Deputy Minister of Transport Michael Madanha told Parliament on Wednesday that Members of Parliament should not ask members of…

Innscor shakes-up management in key units as revenue falls by 7 percent

September 24, 2015

Zimbabwe’s largest conglomerate by revenue Innscor Africa Limited today reported a nearly seven percent decline in revenue to $814 million,…

Mnangagwa cements position as Mugabe heir

September 24, 2015

Zimbabwe Vice President Emmerson Mnangagwa has cemented his status as heir apparent to 91-year-old Robert Mugabe after getting close allies…

Chinamasa says government is carrying out audit of pensioners to make sure those being paid are still alive

September 24, 2015

Finance Minister Patrick Chinamasa told Parliament yesterday that the government was carrying out an audit of the country’s pensioners to establish…

Tsvangirai starts four-day tour of Mujuru’s home province

September 24, 2015

Movement for Democratic Change leader Morgan Tsvangirai was today expected to start a four-day tour of Mashonaland Central Province, former…

Metallon plans $294 million expansion on its Zimbabwe gold mines

September 24, 2015

Zimbabwe’s largest gold producer, Metallon Corporation, plans to invest more than $290 million in capex over the next four years…

Choppies  operations in Zimbabwe raise $82million

September 23, 2015

Regional grocer Choppies says revenue in its Zimbabwe operations rose to $82 million (BWP 863 million) in the full-year to…

General Beltings narrows loss, sees good times ahead

September 23, 2015

General Beltings Holdings says Zimbabwe’s mining sector struggles have hit its operations hard, resulting in a $471 000 net loss…