News

Tsholotsho North Member of Parliament Jonathan Moyo has mocked the Movement for Democratic Change for what appears to be a change of heart over the 2018 elections so soon after a United States diplomat criticised the party’s “no reforms no elections” policy.

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Lack of clarity on key government policies is deterring Australian investors from doing business with Zimbabwe, the country’s ambassador to Zimbabwe has said, calling for a transparent business and investment environment.

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Zimbabwe’s state-owned meat processor, the Cold Storage Company (CSC), is set to lose two thirds of its estimated 600 head of cattle in a court-sanctioned auction to settle unpaid wages.

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Zimbabwe Stock Exchange’s historic automated trading platform is set to go live tomorrow following several delays caused by the slow migration of quoted companies to the central securities depository , a development which could help breathe life into the equities market, officials said.

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The Zimbabwe government’s organ set up to oversee implementation of the country’s controversial local ownership law today admitted that tender procedures were flouted when an advisory firm was engaged to assist government negotiate deals with foreign firms.

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Zimbabwean legislator Priscilla Misihairabwi-Mushonga yesterday complained that there was rampant sexual harassment in Parliament and asked Vice-President Emmerson Mnangagwa who women being sexually harassed should go to.

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The Morgan Tsvangirai-led faction of the Movement for Democratic Change says it is not an extension of United States foreign policy. Zimbabweans have to decide what is best for themselves.

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One of Zimbabwe’s oldest real estate agents Fox & Carney, which is under liquidation, lost $300 000 to employee fraud while its shareholders have since fled the country, leaving its clients in a lurch, the High Court heard yesterday.

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The Zimbabwe Stock Exchange market capitalization plunged to $3.8 billion in the first half of 2015 after losing $1 billion in valuation, mirroring an economy some analysts warn could slip into recession this year.

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Agro-industrial conglomerate CFI narrowed its losses to $3.8 million in the half-year to March from $5.5 million on improved performance of its specialised division which registered a 132 percent growth in revenue, the company said yesterday.

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