Gono on foreign banks

Central Bank governor Gideon Gono today said he will take punitive measures against foreign-owned banks that resist demands to transfer majority shareholding to locals. "In my next monetary statement, I…

Parties resume talks

The constitution drafting process resumed today after parties to the inclusive government reached a compromise on how to analyse views gathered from the public. “Everything has been resolved now,” Movement…

Dead wood

Almost half of Zimbabwe's civil servants are either not qualified or are not working, reports quoting a World Bank report said today. The report said that 75 000 state workers…

Bank suspended

Finance Minister Tendai Biti today announced that he had fired the board of directors and management of Renaissance Merchant Bank Limited because of serious governance issues. Biti said Renaissance will…

Progress

South African mediators today said serious progress by Zimbabwe’s parties towards agreement on a road map to fresh elections. Lindiwe Zulu, President Jacob Zuma's international affairs adviser, said she hoped…