Anchor Yeast in trouble
Zimbabwe’s sole yeast producer has plunged into insolvency after putting its assets, including the head office for sale, signalling the fall of one of the most iconic firms in the country after nearly six decades.
(311 VIEWS)
News about Zimbabwe that you can use
Zimbabwe’s sole yeast producer has plunged into insolvency after putting its assets, including the head office for sale, signalling the fall of one of the most iconic firms in the country after nearly six decades.
(311 VIEWS)
The Vehicle Inspection Department (VID) is generating $2 million a month but all its income is being taken by the Treasury, leaving the parastatal without funds for its operations or to fight corruption, Parliament heard today.
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Zimbabwe, which is facing a food crisis after a drought hit season, has poor logistics which could affect its efforts to import maize from Zambia, the only country in the region with a surplus, an official has said.
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Zimbabwe is now giving white farmers security of tenure and has asked provinces to submit names of white farmers whom they want to remain on farms so that they can get documents to enable them to plan their operations.
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Diamonds, which raised a lot of hope for Zimbabwe’s economic recovery when they were discovered in Marange but seem to have since fizzled out, still have a lot to contribute to the country’s economy but they have to be mined differently, the Deputy Minister of Mines, Fred Moyo, told the Senate last week.
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Movement for Democratic Change leader Morgan Tsvangirai yesterday said activist Itai Dzamara, who was abducted in March and has not been heard of since, had brought Zimbabweans together regardless of their political diversity.
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Zimbabwe is among the most restrictive African countries in the trade of financial services with policy and regulatory shortcomings inhibiting the growth of the services sector in the southern-African country, a United Nations report has shown.
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The government has completed an audit of its civil service and this time, Public Service Minister Prisca Mupfumira has promised to release the results.
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The faulty equipment that was supplied to Hwange Colliery by an Indian company is properly warranted and guaranteed and was bought through a tender system, Deputy Minister of Mines Fred Moyo, told the Senate this week.
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