News

A unit of Redcliff-based steel manufacturer, Steelmakers is seeking a $155 million loan to increase its sponge iron output to 300 000 tonnes from the current 30 000, a company official has said.

(103 VIEWS)

The Speaker of the House of Assembly Jacob Mudenda today challenged business to submit their proposed changes to the country’s indigenization law to parliament, saying lawmakers stand ready to push the executive arm of government to amend the law widely criticisced for low foreign direct investment inflows.

(198 VIEWS)

A visiting Russian trade delegation has expressed interest in importing agricultural produce from Zimbabwe as the eastern European powerhouse seeks to establish new commodities markets in the wake of Western imposed trade sanctions.

(149 VIEWS)

ABC Holdings founding chief executive officer Doug Munatsi and two other executives have stepped down from the financial group following its takeover by an investment company co-owned by former Barclays Plc chief executive officer Bob Diamond and African entrepreneur Ashish Thakkar, pocketing at least $17 million in cash.

(407 VIEWS)

The Supreme Court has upheld the suspension of stock-broking firm, Remo but reduced its suspension by six months from the initial five years, court papers have shown.

(155 VIEWS)

Lack of energy policies in companies is contributing to the wastage of power at a time the country is only producing half of its 2 200MW peak demand, a preliminary report on energy efficiency has established.

(117 VIEWS)

Wikipedia, the online encyclopedia appears to be one step ahead of Zimbabwe African National Union-Patriotic Front leader, Robert Mugabe. It has already identified secretary for legal affairs Emmerson Mnangagwa as Vice-President designate with effect from yesterday, 6 December 2014.

(253 VIEWS)

Foreign Affairs Minister Simbarashe Mumbengegwi, Tourism Minister Walter Mzembi and Youth leader Absolom Sikhosana were saved by President Robert Mugabe yesterday when he nominated them to the Zimbabwe African National Union-Patriotic Front central committee.

(174 VIEWS)

The Zimbabwe African National Union-Patriotic Front ended tonight with only two people, President Robert Mugabe and his wife Grace, assured of their posts in the powerful politburo.

(131 VIEWS)