News about Zimbabwe that you can use
The Cotton Company of Zimbabwe (Cottco), sub-Saharan Africa’s largest ginner and marketer, is betting on diversifying into cooking oil production as it seeks a turnaround, its executive chairman has said.
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Gold production at Blanket Mine in Gwanda is seen around 42 000 ounces of gold this year, based on output levels reached in 2014, which surpassed target by nearly 5 percent despite low grades and infrastructural problems, the company announced on Thursday.
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The government has given the local oil industry up to January 14 to reduce fuel prices by almost 20 percent in line with the falling international crude oil prices.
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Harare City Council expects to cut its electricity bill by up to fifty percent upon the completion of its $144 million Chinese-funded rehabilitation of its Morton Jeffrey plant, an official has said.
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The Movement for Democratic Change says First Lady Grace Mugabe is not above the law and must stop evicting people from Manzou Farm until they have been allocated suitable and adequate land.
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Mwana Africa’s fallout with its largest shareholder China International Mining Group Corporation (CIMGC) and Yat Hoi Ning, a Non-Executive Director and associate of CIMGC, over board seats could drag on to February 2016, the company said today.
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Allied Bank has surrendered its operating licence to the Reserve Bank of Zimbabwe, becoming the first bank to go under this year after its core capital deteriorated, a senior central bank official has confirmed.
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Regional cement and lime manufacturer Pretoria Portland Cement (PPC) says it has secured $75 million to expand its Zimbabwe operations, with the bulk mainly going to the ongoing construction of a 700 000 tonne per annum cement plant in Harare.
(264 VIEWS)
Movement for Democratic Change leader Morgan Tsvangirai today said newly appointed Vice-Presidents Emmerson Mnangagwa and Phelekezela Mphoko cannot change anything because they have no mandate from the people and are there at President Robert Mugabe’s bidding.
(354 VIEWS)
Zimbabwe is targeting 40,000 tourists from Belgium, Luxemburg and Netherlands annually, up from around 14,000 currently, the Zimbabwe Tourism Authority (ZTA) has said.
(226 VIEWS)
