News about Zimbabwe that you can use
The Reserve Bank of Zimbabwe today cancelled struggling AfrAsia Bank Zimbabwe’s operating licence after determining that the financial institution was no longer in a sound financial condition.
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Gweru City Council has proposed to convert the idle mayoral mansion into a state of the art lodge to support its budget, according to minutes of a recent council meeting.
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Zimbabwe’s daily power generation has dropped to 772 megawatts from about 1 200MW following a systems disturbance at Hwange Thermal Power Station, the power utility said today.
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The Morgan Tsvangirai faction of the Movement for Democratic Change has spelt out 10 points that Zimbabwe must fulfil for it to rejoin the international community.
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What is it that fascinates people about President Robert Mugabe’s succession? Is it the fact that he has been in power too long and therefore should go, or is it his age, or is it that the country’s economy is down and will not recover until he is gone?
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Zimbabwe’s reliance on imports continues to drain the economy after registering a negative trade balance of $271.1 million in January, latest trade data shows.
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Finance minister Patrick Chinamasa has appealed to the African Development Bank (AfDB) to assist the debt ridden country settle its nearly $1 billion arrears owed to multilateral lenders.
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Zimbabwe's stock exchange today lifted the suspension of hotel group Meikles Africa after the company threatened to take court action, shelve new investment and a possible listing of a subsidiary.
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The Infrastructural Development Bank of Zimbabwe (IDBZ) is set to start work on its $6 million housing project in Marimba this April with more than 200 people having already signed up for the stands within two weeks of launch, an official has said.
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Cigarette maker British American Tobacco has reported a $13.4 million after tax profit for the full-year to December from $3.7 million registered in prior year after the company made a once-off payment in compliance with the country’s indigenisation and empowerment regulations.
(285 VIEWS)
