News about Zimbabwe that you can use
Allied Bank has surrendered its operating licence to the Reserve Bank of Zimbabwe, becoming the first bank to go under this year after its core capital deteriorated, a senior central bank official has confirmed.
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Regional cement and lime manufacturer Pretoria Portland Cement (PPC) says it has secured $75 million to expand its Zimbabwe operations, with the bulk mainly going to the ongoing construction of a 700 000 tonne per annum cement plant in Harare.
(264 VIEWS)
Movement for Democratic Change leader Morgan Tsvangirai today said newly appointed Vice-Presidents Emmerson Mnangagwa and Phelekezela Mphoko cannot change anything because they have no mandate from the people and are there at President Robert Mugabe’s bidding.
(354 VIEWS)
Zimbabwe is targeting 40,000 tourists from Belgium, Luxemburg and Netherlands annually, up from around 14,000 currently, the Zimbabwe Tourism Authority (ZTA) has said.
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The Movement for Democratic Change has called on Zimbabweans to resist the government move to construct 32 additional tollgates to increase its revenue arguing that the money collected will not be used to improve the country’s roads but to pay civil servants’ salaries as well as to bankroll perks for ministers and deputy ministers.
(190 VIEWS)
Zimbabwe’s largest gold producer Metallon Corporation sees bullion output up 30 percent on last year’s figures to 130 000 ounces in 2015 spurred by the restart of its Redwing Mine after the company budgeted $34 million in capital expenditure.
(96 VIEWS)
The chief executive of London-listed Mwana Africa Kaala Mpinga has described Zimbabwe, shunned by most investors because of its foreign investment laws, as one of the best countries in Africa to invest in.
(134 VIEWS)
The Zimbabwe Miners Federation (ZMF) registered over 40 000 small-scale miners last year as government moves to formalise activities of artisanal miners who now deliver over half of the country’s gold output, an official said today.
(129 VIEWS)
