Stories

The Chamber of Mines urged the government to get its mining policies right to attract investment in the sector which at one time contributed seven percent to the gross domestic product.

(64 VIEWS)

The government was in January 2004 accused of trying to muzzle out Zimbabwean businessman Strive Masiyiwa, who was now living in South Africa, by shutting down his mobile phone company, Econet, over alleged foreign currency abuses.

(293 VIEWS)

Old Mutual announced that it would be paying its pensions in foreign currency just two months after the formation of the inclusive government and the introduction of multiple currencies in the country.

(75 VIEWS)

Businessmen Strive Masiyiwa, Nigel Chanakira, Eddie Cross and Eric Bloch were on a purported war veterans hit list and they took the threats seriously according to a diplomatic cable released by Wikileaks.

(177 VIEWS)

Asset management companies welcomed the partial dollarisation introduced in January 2009 but said they still faced problems because contributions were still in Zimbabwe dollars while their costs were in United States dollars.

(69 VIEWS)

Zimbabweans in the diapora, put at nearly four million, are not keen to invest in their own country while the Zimbabwe African National-Union Patriotic Front is in power because most of them have differences with ZANU-PF.

(142 VIEWS)

Movement for Democratic Change negotiator Elton Mangoma told United States ambassadors that President Robert Mugabe was totally immersed in power games that he was not worried about how many people would perish along the way.

(57 VIEWS)

Econet was to embark on a US$93.9 million expansion to increase its capacity from 1.2 million subscribers in June to 5 million by the end of 2009.

(169 VIEWS)

The Reserve Bank of Zimbabwe, which had stopped the fungibility of Old Mutual shares, was reported to be buying the shares on the Zimbabwe Stock Exchange and transferring them to the Johannesburg Stock Exchange to pay for electricity imports from South Africa’s Eskom.

(1670 VIEWS)

Auditing firm Deloitte appeared to have inflated the total ballots cast at an extraordinary meeting of mobile phone operator Econet in March 2009 to boost the vote in favour of a resolution to enter into a US$93.9 million sale agreement with Econet Wireless Global, a Strive Masiyiwa investment vehicle, according to a diplomatic cable released by Wikileaks.

(298 VIEWS)