Stories

At least 400 buyers and 133 companies have attended Zimbabwe’s latest local diamond auction with more expected in future sales, organisers said today.

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The International Monetary Fund says Zimbabwe’s economy is at crossroads and risks sliding into deflation due to weakening macro-economic fundamentals and urged the country to successfully complete the second staff monitored programme (SMP) to unlock external funds.

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Mbada Diamonds chairman Robert Mhlanga says the international market has to destigmatise  Zimbabwean gems to help improve the local diamond industry.

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Finance minister Patrick Chinamasa today said he wanted development aid to Zimbabwe to be channelled through the state, accusing non-governmental organisations (NGOs) of diverting assistance funds for personal use.

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The Morgan Tsvangirai faction of the Movement for Democratic Change today announced that it is recalling 15 Members of Parliament and three senators elected on the party ticket last year following a resolution at its congress at the weekend.

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A top United States official says President Robert Mugabe’s days are now numbered and the Obama administration must now start engaging with civil society, the press and government officials to prepare for the post Mugabe era.

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One of the country’s major construction firms, Searlcom, has blamed the government’s local ownership law for its slide into liquidation, saying it had been overlooked for contracts in favour of black-owned rivals.

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Zimbabwe should review its agriculture policy to revive the sector, a Commercial Farmers Union (CFU) official has said, warning that lack of capital and poor preparations for the 2014/2015 season could cost the country dearly.

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Air Zimbabwe is in negotiations with Canadian aircraft manufacturer Bombardier to acquire a new fleet of airplanes to replace its aging fleet,  Transport and Infrastructure Development minister Obert Mpofu said today.

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Nelson Chamisa’s loss of the secretary-general’s post in the Movement for Democratic Change to fellow lawyer Douglas Mwonzora was a shattered dream for the MDC youths, according to a local daily.

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