Stories

Zimbabwe’s former central bank governor Kombo Moyana has been appointed as board chair of the country’s Sovereign Wealth Fund.

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London-listed junior miner Vast Resources says it is on course to meet its August target to deliver the first bullion from its Pickstone-Peerless gold mine which is set to deliver 10 000 ounces annually.

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Education Minister Lazarus Dokora says his ministry has not made any comment on the use of cell phones in schools because they are dysfunctional in a learning context.

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Bye-elections for Mwenezi East, Mbire and Marondera Central which became vacant after the expulsion from the Zimbabwe African National Union-Patriotic Front of Kudakwashe Bhasikiti, David Butau and Ray Kaukonde will be held on 19 September.

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Zimbabwe’s central bank says the financial services sector is now safe and sound after hitherto weaker Metbank boosted its capital position to $31 million from $24.6 as at December, surpassing minimum capital requirements.

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Zimbabwe’s historic automated trading platform took a false start today after technical glitches hit the country’s central securities depository dampening the much hyped launch, the Zimbabwe Stock Exchange has confirmed.

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Telecel Zimbabwe, which is currently embroiled in a legal battle with government over the cancellation of its operating licence today said it had paid its licence fee for June as part of the $137.5 million it owes to government.

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Tsholotsho North Member of Parliament Jonathan Moyo has mocked the Movement for Democratic Change for what appears to be a change of heart over the 2018 elections so soon after a United States diplomat criticised the party’s “no reforms no elections” policy.

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Lack of clarity on key government policies is deterring Australian investors from doing business with Zimbabwe, the country’s ambassador to Zimbabwe has said, calling for a transparent business and investment environment.

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Zimbabwe’s state-owned meat processor, the Cold Storage Company (CSC), is set to lose two thirds of its estimated 600 head of cattle in a court-sanctioned auction to settle unpaid wages.

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