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Posted inStories

Eddie Cross praises Mugabe for new business initiatives but asks how to you collect only $385 million from vehicle imports valued at $1.5 billion when duty is 60 percent?

Bulawayo South Member of Parliament Eddie Cross yesterday praised President Robert Mugabe for coming up with some sound business policies like the establishment of the One-Stop Investment Centre, the reorganizing…
Posted by Charles Rukuni September 25, 2015
Posted inStories

Foreign direct investment by-passes Zimbabwe but local firms create most continental jobs after South Africa

Foreign Direct Investment into Africa grew by 64 percent to $87 billion in 2014, but largely bypassed Zimbabwe, reflecting worries over President Robert Mugabe’s policies and the risk of investing…
Posted by Charles Rukuni September 25, 2015
Posted inStories

Government not asking civil servants to retire at 50

The government is not intending to retrench any civil servants at the moment, the Deputy Minister of Public Service, Labour and Social Services Tapiwa Matangaidze told Parliament on Wednesday. Responding…
Posted by Charles Rukuni September 25, 2015
Posted inStories

Minister says MPs should not ask villagers to contribute money to repair rural roads

The Deputy Minister of Transport Michael Madanha told Parliament on Wednesday that Members of Parliament should not ask members of the constituencies to contribute any money for the repair of…
Posted by Charles Rukuni September 25, 2015
Posted inStories

Innscor shakes-up management in key units as revenue falls by 7 percent

Zimbabwe’s largest conglomerate by revenue Innscor Africa Limited today reported a nearly seven percent decline in revenue to $814 million, excluding the discontinuing takeaway operations set to be unbundled, in…
Posted by Charles Rukuni September 24, 2015
Posted inStories

Mnangagwa cements position as Mugabe heir

Zimbabwe Vice President Emmerson Mnangagwa has cemented his status as heir apparent to 91-year-old Robert Mugabe after getting close allies appointed to important cabinet posts and securing the tasks of…
Posted by Charles Rukuni September 24, 2015
Posted inStories

Chinamasa says government is carrying out audit of pensioners to make sure those being paid are still alive

Finance Minister Patrick Chinamasa told Parliament yesterday that the government was carrying out an audit of the country’s pensioners to establish whether those who were being paid were still alive or…
Posted by Charles Rukuni September 24, 2015
Posted inStories

Tsvangirai starts four-day tour of Mujuru’s home province

Movement for Democratic Change leader Morgan Tsvangirai was today expected to start a four-day tour of Mashonaland Central Province, former Vice-President Joice Mujuru’s home province and stronghold. Mujuru had a…
Posted by Charles Rukuni September 24, 2015
Posted inStories

Metallon plans $294 million expansion on its Zimbabwe gold mines

Zimbabwe’s largest gold producer, Metallon Corporation, plans to invest more than $290 million in capex over the next four years which will see a three-fold increase in output to 550…
Posted by Charles Rukuni September 24, 2015
Posted inStories

Choppies  operations in Zimbabwe raise $82million

Regional grocer Choppies says revenue in its Zimbabwe operations rose to $82 million (BWP 863 million) in the full-year to June 30 despite declining disposable incomes, and plans to continue…
Posted by Charles Rukuni September 23, 2015

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