Stories

“The ANC is using the ZANU-PF tactics of remaining in power,” South Africa’s Pan Africanist Congress (PAC) declared this week. “When Zimbabwe’s ZANU-PF realised that it was likely to lose…

Resources group RioZim reported a net profit for the first time since dollarisation, of $2.5 million in the full year to December 31, 2016 from $8.8 million loss in the…

Zimbabwe and Zambia say they are prepared to undertake deep reforms to attract investors for the $4 billion Batoka Gorge Hydro power plant which would produce 2 400 megawatts and…

Movement for Democratic Change deputy leader Nelson Chamisa yesterday told Parliament that the appointment of  Luke Malaba as Chief Justice was a victory for constitutionalism because President Robert Mugabe had…

African Sun Limited yesterday reported a $4.81 million profit, bouncing back from a loss of $8.56 million in the prior year despite a 12 percent decline in revenue to $43.6…

Econet boss Strive Masiyiwa was yesterday reported to have pumped$100 million into his Zimbabwean operation after a $130 million rights offer only got 25 percent support from investors. The offer,…

Zimbabwe’s largest milk processor, Dairibord made an operating loss of $3.99 million from a $3.97 million operating profit recorded in the previous year on the back of high overhead costs,…

Econet Wireless Zimbabwe’s $130 million rights issue was undersubscribed by over 75 percent, mirroring the depth of the country’s liquidity crunch, with the underwriter pumping in $100 million. Econet Wireless…

The United Nations today said it had raised $403 million from donors for Zimbabwe in 2016, surpassing its money mobilisation target for 2016 by $77 million. The global agency raised…

State-run pension fund, the National Social Security Authority (NSSA), says it is investing $18 million to revive struggling Cold Storage Company (CSC), with the deal expected to begin this year.…