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Posted inStories

Zimpapers republishes half-year results says it made a $1.9 million profit

Zimbabwe Newspapers, the country’s largest media group, reported a $1.9 million net profit for the half year to June 30, as it republished its results citing a material tax error…
Posted by Charles Rukuni October 28, 2015
Posted inStories

Zimbabwe has become a nation of cry-babies

Zimbabwe has been looking east to China since the West imposed sanctions on President Robert Mugabe’s administration more than a decade ago, but it would go a long way if…
Posted by Charles Rukuni October 28, 2015
Posted inStories

TelOne to conclude $98 million loan to revamp network

Zimbabwe’s state owned fixed line mobile operator TelOne says it expects to conclude negotiations for a $98 million loan facility from China’s Exim Bank to finance its network modernisation program…
Posted by Charles Rukuni October 28, 2015
Posted inStories

Tobacco earns $500 million as exports grow nearly 29 percent

Zimbabwe’s tobacco exports have increased 29 percent as at October 9, earning the country $500 million compared to $406 million last year, statistics from the  industry regulator show. In a…
Posted by Charles Rukuni October 28, 2015
Posted inStories

Construction of the Harare-Beitbridge Road now under guidance of Mnangagwa

Construction of the Harare-Beitbridge Road, the busiest highway in the country, is now under the guidance of Vice-President Emmerson Mnangagwa and all the obstacles that were hindering the project have…
Posted by Charles Rukuni October 27, 2015
Posted inStories

Parirenyatwa violated constitution- Ministers not allowed to do paid outside work

Health Minister David Parirenyatwa violated the country’s constitution as it forbids vice-presidents, ministers and deputy ministers from doing any other paid work during their term of office. The constitution does…
Posted by Charles Rukuni October 27, 2015
Posted inStories

Confidence slowing creeping into the banking sector

Zimbabwe’s bank deposits increased 26 percent to $4.24 billion in August 2015 compared to $3.37 billion recorded in the same period last year as confidence slowly creeps back into the…
Posted by Charles Rukuni October 27, 2015
Posted inStories

South Africa’s Adcock Ingram says Datlabs is slowing down its business

South African pharmaceutical firm Adcock Ingram says its businesses in Zimbabwe and rest of Africa are weighing down its performance after incurring losses of $968 000 (R13.2 million) in the…
Posted by Charles Rukuni October 27, 2015
Posted inStories

The West has little choice but to work with ZANU-PF – New York Times

Given the implosion of any viable opposition in Zimbabwe, the West has little choice but to work with the Zimbabwe African National Union-Patriotic Front, Stephen Chan, a professor of world…
Posted by Charles Rukuni October 26, 2015
Posted inStories

PG looks to prospective investor for salvation

Hardware retailer PG Industries has failed to pay up unsecured creditors due to cash flow constraints but said it negotiating with a prospective investor who could inject fresh capital into…
Posted by Charles Rukuni October 26, 2015

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