Stories

The Harare City Council (HCC) debtors’ book has ballooned to $294 million as at September 30, from $212 million last year as defaults spiked in the faltering economy despite stagnating rates for the last four years.

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Earnings from tobacco exports have passed $560 million as at October 25, lower than last year’s figures, latest Tobacco Industry and Marketing Board (TIMB) statistics show.

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National Foods is planning to spend $8.3 million in 2015, nearly 50 percent of it in expanding its flour unit that has become its main growth driver, the acting chief executive said today.

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Zimbabwe’s investment agency will next year review its investment data collection systems amid concern in some sectors that the statistics lacked credibility.

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Caledonia Mining plans to invest up to $70 million in six years at its Blanket Mine near Gwanda to nearly double its gold output by 2021, an official said today.

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Denmark says it wants closer ties with Zimbabwe and believes that it could help revive the troubled southern African nation’s stuttering economy.

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Zimbabwe African National Union-Patriotic Front leader Robert Mugabe has come out spitting venom twice this year. First he called Information Minister Jonathan Moyo and his crew “zvipfukuto” (weevils). Last week he said of Vice President Joice Mujuru: “Inga kana michato inodambuka wani” (even marriages are dissolved).

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The government on Friday gazetted new laws governing operations of vendors in Harare to boost council revenue, prevent disease outbreak and restore order in the capital where vendors have mushroomed as formal employment dwindles.

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Zimbabwe’s second largest platinum mine – Mimosa – has lined up a $40 million expansion project in the next five years at its Zvishavane mine, which will extend its lifespan by 20 years.

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This was the sub-title of a story in the United States magazine, The New Republic, which highlighted the fact that out of the nine reported cases of ebola in the United states only one patient has died and seven have fully recovered while one is still undergoing treatment, yet almost half of the people infected by the virus in West Africa have died.

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