News

Econet boss Strive Masiyiwa told United States embassy officials on 31 August 2005 that Reserve Bank of Zimbabwe governor Gideon Gono had “starved” the nation of fuel and other key items to accumulate the $120 million it paid the International Monetary Fund two days earlier.

(154 VIEWS)

Foreign investors flocked back to the Zimbabwe Stock Exchange after it reopened in February 2009 and it had risen by 64 percent by the end of September. Trading was suspended in November 2008.

(73 VIEWS)

The United States Agency for International Development, a government agency, partly funded the Movement for Democratic Change’s court challenge of the 2002 presidential elections which were won the Zimbabwe African National Union-Patriotic Front’s Robert Mugabe.

(86 VIEWS)

The Chamber of Mines urged the government to get its mining policies right to attract investment in the sector which at one time contributed seven percent to the gross domestic product.

(64 VIEWS)

The government was in January 2004 accused of trying to muzzle out Zimbabwean businessman Strive Masiyiwa, who was now living in South Africa, by shutting down his mobile phone company, Econet, over alleged foreign currency abuses.

(293 VIEWS)

Old Mutual announced that it would be paying its pensions in foreign currency just two months after the formation of the inclusive government and the introduction of multiple currencies in the country.

(75 VIEWS)

Businessmen Strive Masiyiwa, Nigel Chanakira, Eddie Cross and Eric Bloch were on a purported war veterans hit list and they took the threats seriously according to a diplomatic cable released by Wikileaks.

(177 VIEWS)

Asset management companies welcomed the partial dollarisation introduced in January 2009 but said they still faced problems because contributions were still in Zimbabwe dollars while their costs were in United States dollars.

(69 VIEWS)

Zimbabweans in the diapora, put at nearly four million, are not keen to invest in their own country while the Zimbabwe African National-Union Patriotic Front is in power because most of them have differences with ZANU-PF.

(140 VIEWS)