Stories

New Limpopo Project Investments (NLPI) a subsidiary of South African freight and shipping giant, Grindrod has entered into an agreement with the National Railways of Zimbabwe to service and market the 470 kilometre rail between Bulawayo and Victoria Falls to provide a North-South corridor.

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The government is set to rebrand the National Pricing and Monitoring Commission (NPMC) into the National Competitiveness Commission (NCC) responsible for reviewing regulations on doing business to make the country investment friendly, an official has said.

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Just prior to the ZANU-PF Elective Congress in early December, Zimbabwe’s First Lady Grace Mugabe initiated her ‘meet the people’ tour after having been nominated as leader of the ruling party’s powerful women’s wing.

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The central bank has given a potential investor seeking to inject $50 million in Interfin Bank up to Wednesday next week to show a strong commitment in bailing out the troubled financial institution after threatening to terminate the bank’s curatorship at the end of the month, an official said today.

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Emmerson Mnangagwa and Phelekezela Mphoko have been given three years to market themselves. This is a unique opportunity to prove that they are worth rising to higher office.

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Troubled chrome smelter, MonaChrome’s major shareholder Germany-based NK Trading last week sought to delay the company’s disposal to allow it to resubmit its bid while major creditor, AfrAsia which is owed $4 million wanted the matter finalised there and hen, the High Court heard.

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Newly created state-owned mineral exploration company, the Mining Promotion Corporation (MPC), is seeking to recruit a chief executive, an indication that the firm might soon become operational as the government moves to ascertain the extent of Zimbabwe’s mineral wealth.

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Movement for Democratic Change leader Morgan Tsvangirai has rescued his former organising secretary, Nelson Chamisa, and has appointed him to the national executive committee where he is secretary for policy coordination.

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National carrier Air Zimbabwe expects to double its total passenger traffic to 365 000 in 2015 driven by a boom in the tourism sector, acting chief executive, Edmund Makona said today.

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Newly appointed indigenisation minister Christopher Mushohwe today said Zimbabwe is not begging for investment and investors willing to venture into the country must respect its laws.

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