Stories

Zimbabwe’s newest mortgage lender, National Building Society (NBS), has launched its first housing project valued at $2 million under an agreement with Lafarge Cement. The mortgage lender, which opened its…

Struggling National Railways of Zimbabwe has purchased 31 wagons worth $2.9 million from China to replace part of its ageing fleet, transport secretary Munesu Munodawafa said yesterday. NRZ, the country’s…

Air Zimbabwe’s newly appointed chief executive says the airline needs to pay up creditors to avoid risk of having its planes impounded in foreign countries. The national airline has continued…

Non-statutory creditors, including CBZ Bank, who are owed over $4 million by three Spar stores which were put under liquidation in June this year will receive nothing from the auctioning…

Former United States ambassador to Zimbabwe Charles Ray described Zimbabwe African National Union-Patriotic Front national commissar Saviour Kasukuwere as “young, smooth, and ambitious” but added that an advisor to former…

Zimbabwe yesterday paid its arrears to the International Monetary Fund, which is usually considered the door-opener to international funding. A statement issued by the IMF this morning said: “On October…

Zimbabwe needs to revive its economic reform agenda and settle arrears to international creditors to access fresh capital to avoid prolonged recession, the International Monetary Fund’s resident representative said yesterday.…

The Coca Cola Company plans to terminate its bottling deals with Delta Corporation and its associate, Schweppes Zimbabwe Limited, Delta announced today. Coca Cola’s move to end the bottlers’ agreements…

Saviour Kasukuwere was one of the young barons that entered into Zimbabwe African National Union-Patriotic Front politics when he was elected to parliament in 2000. He was only 30. A…

The Tsvangirai-led Movement for Democratic Change today said the Zimbabwe African National Union-Patriotic Front should stop looting State resources forthwith. In a statement, the party said things must be made…