News

President Robert Mugabe turns 91 tomorrow and is now the world’s oldest head of state. But his case is unique because he has no plans to step down. Mugabe’s current term ends in 2018 when he will be 94.

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Shareholders of resources group, RioZim today approved its bid to raise $10 million through a rights offer to reopen the Cam and Motoring gold mine near Kadoma at an extraordinary general meeting.

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The struggling Grain Marketing Board (GMB) says it still owes farmers $49 million for grain delivered during 2013/14 marketing season and has called on government to pay for grain reserves, Parliament heard today.

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Hotel group, Meikles, which was temporarily suspended from trading on the Zimbabwe Stock Exchange on allegations of trying to manipulate its stock price through over stating its debt owed by the Reserve Bank, was owed $47 million by the central bank as at the end of December 2013, latest data from Parliament shows.

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Energy Minister Samuel Undenge yesterday said fuel prices were not influenced by cartels in the oil industry but were agreed between oil companies and the Zimbabwe Energy Regulatory Agency.

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Energy and Power Development Minister Samuel Undenge today said government has put in place a two-week rule for fuel retailers to adjust their prices depending on global developments, while dismissing the existence of a cartel accused of price fixing.

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The government does not have money to finance expanding the national cattle herd but farmers must seek private partners to improve their lot, a junior minister has said.

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The Morgan Tsvangirai faction of the Movement for Democratic Change today said President Robert Mugabe should call off his birthday celebrations scheduled for Victoria Falls at the end of this month and donate the money raised to rehabilitate public hospitals, clinics and rural schools in Matebeleland North.

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