News about Zimbabwe that you can use
The Industrial Development Corporation of Zimbabwe (IDC)’s loss position worsened to $22 million for the year ended December 2013 from $20.8 million the previous year, with the institution’s auditors raising the red flag over its going concern status.
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The appointments of Emmerson Mnangagwa and Phelekezela Mphoko as vice-presidents, the reshuffling of the cabinet and the announcement of the 2015 national budget by Finance Minister Patrick Chinamasa have all failed to inspire confidence in the nation and will not move the country forward, the president of the MDC Renewal Team Sekai Holland said in her end of year message.
(235 VIEWS)
The World Bank has set up a multi-donor trust fund for Zimbabwe which could raise $100 million next year, a gesture signalling that the institution was re-engaging with the bankrupt southern African country.
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Movement for Democratic Change leader Morgan Tsvangirai today said his party had a plan to determine the endgame so that the country returns to full legitimacy and regains its lost confidence but he did not spell out what the plan was or its time-frame.
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Kwekwe-based Steelmakers says it will from next year generate 18 megawatts from industrial waste gas to mitigate regular power cuts and reduce overheads after acquiring new technology.
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New Limpopo Project Investments (NLPI) a subsidiary of South African freight and shipping giant, Grindrod has entered into an agreement with the National Railways of Zimbabwe to service and market the 470 kilometre rail between Bulawayo and Victoria Falls to provide a North-South corridor.
(318 VIEWS)
