Stories

Resources group RioZim is seeking $2.1 billion to build a 1 400 megawatt thermal power station and coal mine at Sengwa in the North West of Zimbabwe,  chief executive officer Noah Matimba said today.

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The chairman of the Movement for Democratic Change- Renewal Team Samuel Sipepa Nkomo says the most popular opposition leader Morgan Tsvangirai is not a democrat. He is violent and sponsors violence.

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Workers of Telecel Zimbabwe, whose licence was cancelled last week, have appealed to government to reconsider its decision and allow them to buy 11 percent of the company’s shares.

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The dictionary describes a bonus as “a sum of money added to a person's wages as a reward for good performance”.

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Astra Industries has obtained an approval to delist from the local bourse, the Zimbabwe Stock Exchange, the company announced on Wednesday.

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Zambians are the happiest people in Southern Africa but if member countries of the Southern African Development Community are taken as a group, they are second after Mauritius.

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Zimbabwe’s government says it has suspended a special dividend on diamond sales it introduced last year, as part of a review of the fiscal regime for the mining sector.

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Zimbabwe’s largest mining firm, Zimplats, bounced back to profitability in the quarter to March 31, reporting net operating income of $6.8 million compared to a $21 million loss in the previous quarter.

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Starafricacorporation has been granted authorisation by The Coca Cola Company (TCCC) to supply granulated sugar to Coca Cola plants in Southern Africa.

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Transport and logistics group Unifreight Africa says it has completed its restructuring exercise and will now focus on local transport and revised assembly entities.

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