Stories

Saviour Kasukuwere has become something of a permanent fixture in President Mugabe’s government. The youthful minister, who has risen rapidly through the ranks, and currently serves as the Minister of Environment has good a story to tell.

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Econet Wireless Global chief executive officer Craig Fitzgerald has stepped down and will now become advisor to founder Strive Masiyiwa, the company said on Friday.

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Zimbabwe’s public pension manager National Social Security Authority (NSSA) on Friday said the rate of company closures and retrenchments slowed by 30 percent in 2014 compared to the previous year, but warned that worsening economic conditions would hit its pension fund.

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Zambia says local companies could boost bilateral trade by investing in its insurance sector with its resources driven economy maintaining strong economic growth rates, Zambia’s ambassador to Zimbabwe Ndiyoi Mutiti said.

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Movement for Democratic Change leader Morgan Tsvangirai today unveiled his state-of-the-nation address in which he said the return to legitimacy through a credible election is the only durable and acceptable answer to the crisis facing the country.

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Vice-President Emmerson Mnangagwa says he never takes newspaper articles seriously.

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Global giant Rio Tinto Plc yesterday announced the sale of its diamond and coal mining assets in Zimbabwe to RZ Murowa Holdings, marking the withdrawal of one the world’s iconic mining firms from the country after a 60 year presence.

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Listed property developer Zimre Property Investments(ZPI) has reported a 29 percent decline in operating profit in the five months to May on reduced occupancy levels.

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Listed manufacturer of conveyor belts, General Beltings Holdings says a deal with Zimplats to provide the platinum miner with specialized equipment has allowed it to improve production levels, improving its capacity utilisation to 66 percent.

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A Zimbabwean state-owned asset management company has so far taken nearly $100 million in bad loans from banks to help restore viability in the financial sector, finance minister Patrick Chinamasa has said.

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