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Stories

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Posted inStories

British Lord asks why Chinamasa in not on UK sanctions

A British peer yesterday asked why the United Kingdom government did not place Zimbabwe Finance Minister Patrick Chinamasa on sanctions to exert more leverage on Zimbabwe to restore human rights…
Posted by Charles Rukuni September 9, 2016
Posted inStories

African Sun and Dawn settle 13-year-old dispute

African Sun Limited and Dawn Properties have settled a 13-year dispute with respect to the ownership of Timeshare Units at Troutbeck and Caribbea Bay resorts as well as various leasehold…
Posted by Charles Rukuni September 9, 2016
Posted inStories

Poor performance by Padenga US unit drags Zimbabwe company profit down 50 percent

Padenga Holdings today reported a 50 percent decline in after tax profit to $2 million compared to $3 million last year, weighed down by a poor performance of its alligator…
Posted by Charles Rukuni September 9, 2016
Posted inStories

How Zimbabwe intends to reduce poverty

With the economy down on its knees and citizens calling on the President Robert Mugabe to step down, plans to reduce poverty in Zimbabwe are likely to be brushed off…
Posted by Charles Rukuni September 9, 2016
Posted inStories

Zimbabwe Finance Minister proposes to shelve bonuses and close some embassies

Finance Minister Patrick Chinamasa has proposed to cut 25 000 state jobs, defer the 2016 and 2017 civil service bonuses and close some embassies in a move that could save…
Posted by Charles Rukuni September 9, 2016
Posted inStories

Zimbabwe to cut 25 000 government jobs

It is not in doubt that Zimbabweans, many of whom have taken to the streets in protest against President Robert Mugabe’s management of the economy, have no illusions about their…
Posted by Charles Rukuni September 8, 2016
Posted inStories

Highlights of Zimbabwe Finance Minister’s mid-term Fiscal Policy Review

Zimbabwe’s Finance Minister Patrick Chinamasa today presented a mid-term fiscal policy review statement to Parliament. Below are some highlights. Chinamasa proposes to cut 25 000 jobs by December 2017, saving…
Posted by Charles Rukuni September 8, 2016
Posted inStories

Dairibord slips to $2 million loss

Dairibord has posted a loss of $1.9 million for the six months to June, 2016 from a profit of $317 000 in the comparable period last year. Revenue slumped by…
Posted by Charles Rukuni September 8, 2016
Posted inStories

Could the Magaya case land Kasukuwere in hot soup?

Local Government Minister Saviour Kasukuwere, who is a darling of the First Lady, could be in hot soup because of his alleged involvement in selling stands to Prophetic Healing and…
Posted by Charles Rukuni September 8, 2016
Posted inStories

Zambia condemns Lyons Zimbabwe’s peanut butter

Zambia’s standards bureau has pulled Lyons’ Peanut Butter from the market after the product was found to contain excessive levels of aflatoxins which have the potential to cause cancer. The…
Posted by Charles Rukuni September 8, 2016

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