Stories

Zimbabwe has appealed to pension funds to invest in Tokwe-Mukosi Dam, potentially the country’s largest inland dam which finance minister Patrick Chinamasa said is key to agriculture development and power generation in the southern part of the country.

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The Movement for Democratic Change failed to make any meaningful reforms during the four years it was part of the inclusive government because the opposition were always outsiders, “like distant relatives at a wealthy cousin’s wedding”

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Tourism Minister Walter Mzembi on Thursday said he is still lobbying the Ministry of Finance to remove a 15 percent tax charged on accommodation for foreigners, which is seen hitting tourism earnings this year.

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Mwana Africa’s largest shareholder, China International Mining Group Corporation (CIMGC) and Yat Hoi Ning, a non-executive director and associate of CIMGC, has sold off nearly half of its holdings in the pan-African resources group, the company has said.

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The European Union has urged Zimbabwe’s Parliament to police the Treasury to ensure effective use of scarce financial resources as the country battles economic challenges.

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Mobile operator Telecel Zimbabwe, whose operating licence was cancelled last month over alleged non-compliance with the country’s regulations, should not have been allowed to operate without a licence and its…

Sugar production at regional agri-processing group Tongaat Hullet’s Zimbabwe operations went down 8.8 percent to 445 000 tonnes year on year on reduced deliveries from new fields.

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Regional retail group Choppies now plans to open 50 supermarkets in Zimbabwe in the short to medium-term buoyed by ‘more than exceptional’ results since it entered the market in 2013.

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The Zimbabwe government has secured a $98.6 million loan facility from Brazil to import agricultural equipment from that country but is struggling to pay farmers owed $29 million for grain deliveries for the 2013/14 season, Parliament heard today.

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Troubled airline Air Zimbabwe is in talks with several potential strategic partners after government agreed to take over its toxic $298 million debt, transport minister, Obert Mpofu said yesterday.

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