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Stories

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Posted inStories

Zimbabwe imports from South Africa likely to fall as rand appreciates

Imports into Zimbabwe will drop three percent this year as regional currencies recover against the US dollar, helping Zimbabwe begin to narrow its current account deficit, an advisory firm has…
Posted by Charles Rukuni May 25, 2016
Posted inStories

Schweppes subsidiary injects $3million to revive fruit processor

Beitbridge Juicing Private Limited (BBJ), a wholly owned Schweppes Holdings Africa subsidiary, says it has since September 2015 invested $3 million into resuscitating its fruit processing plant in Norton. The…
Posted by Charles Rukuni May 24, 2016
Posted inStories

Zimbabwe Energy minister admits rules were not followed in awarding power tender

Energy Minister Samuel Undenge has admitted that rules were not followed in the payment of a $5 million advance to controversial firm Intratrek, but still insisted that the payout would…
Posted by Charles Rukuni May 24, 2016
Posted inStories

National Railways of Zimbabwe losing $250 000 day because of strike

Struggling National Railways of Zimbabwe (NRZ) is losing $250 000 a day and has lost over $14 million overall as its workers continue their strike over unpaid wages, the parastatal…
Posted by Charles Rukuni May 24, 2016
Posted inStories

RioZim waived pre-emptive rights on Murowa

Zimbabwe resources group RioZim says it gave up its pre-emptive rights to Murowa Diamonds ahead of the Midlands-based gem miner’s sale last year because it could not afford the purchase…
Posted by Charles Rukuni May 24, 2016
Posted inStories

The big lie – former Zimbabwean white farmers are not driving maize production in Zambia

“Mugabe’s White Farmers Reap 3.3 Million Tonnes of Maize In Zambia While Zim Starves”, says a report that has been shared widely over recent weeks. The article was run by…
Posted by Charles Rukuni May 24, 2016
Posted inStories

Zimplow raises $1.2 million from sales of non-core property

Agro-industrial group, Zimplow Holdings, says it had grossed $1.27 million from disposals of two non-core properties, using the money to retire its short term debt. The firm, which recorded a…
Posted by Charles Rukuni May 23, 2016
Posted inStories

AMA stays clear of cotton pricing wars as season opens next week

The cotton buying season opens on June 1 with farmers expecting a minimum price of at least 63 cents per kg, an official said today, as the Agricultural Marketing Authority…
Posted by Charles Rukuni May 23, 2016
Posted inStories

Why Zimbabwe has fewer power cuts these days

Zimbabwe’s power demand has fallen by nearly 40 percent over the past decade, an official has said, the result of the decimation of industry over years of economic decline. In…
Posted by Charles Rukuni May 23, 2016
Posted inStories

MDC-T describes proposed million-man march as puerile, purposeless and wasteful

The Movement for Democratic Change led by Morgan Tsvangirai has described the proposed million-man march organised by the Zimbabwe African National Union-Patriotic Front youth league to show its solidarity with…
Posted by Charles Rukuni May 23, 2016

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