Stories

A shopping centre in Harare’s smart northern suburbs demonstrates the dichotomies in Zimbabwe ahead of a critical ZANU-PF national congress scheduled for tomorrow.  A regional fast food chain displays a massive sign bearing the Zimbabwean flag, proclaiming that Chicken Inn has “that original Zimbabwean taste we luv (sic).”  The establishment competes with a new KFC franchise, located just on the other side of the parking lot, proudly bearing the image of Colonel Sanders.

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The Tony Elumelu Foundation today launched Africa’s largest philanthropic fund of $100 million to support start-ups across the continent which it hopes will create one million jobs over 10 years.

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Zimbabwe’s largest gold producer Metallon Corporation has embarked on a restructuring exercise as the group sees gold output rising to 500 000 ounces per annum by 2019 from this year’s target of 100 000 oz.

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The British Broadcasting Corporation has come up with an interesting video entitled: Mugabe’s failed opponents in 90 seconds.

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Central bank governor John Mangudya says the liquidity constraints facing the economy are set to improve after government sought to move away from an aggressive implementation of  its indigenisation law to shore up falling Foreign Direct Investment.

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Trade between Zimbabwe and Japan topped $43 million in the 10 months to October this year with Zimbabwe  importing goods worth $41.5 million from the Asian country, an envoy has said.

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Economic Freedom Fighters leader Julius Malema, a strong admirer of Zimbabwe African National Union-Patriotic Front policies on empowerment, has not been invited to the party congress due this week according to reports from South Africa.

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Central bank governor John Mangudya says Zimbabwe will have a fully-fledged bond market by 2017 as the economy self corrects after facing nearly a decade of recession.

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Herald columnist Nathaniel Manheru today said that those who think the current purge within the Zimbabwe African National Union-Patriotic Front will result in a split of the party are not only mistaken but childish.

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At least five foreign investors have shown interest in  investing in struggling food processor, Olivine Industries, a company official has said.

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