The Insider

The Morgan Tsvangirai-led faction of the Movement for Democratic Change says it is not an extension of United States foreign policy. Zimbabweans have to decide what is best for themselves.

(255 VIEWS)

One of Zimbabwe’s oldest real estate agents Fox & Carney, which is under liquidation, lost $300 000 to employee fraud while its shareholders have since fled the country, leaving its clients in a lurch, the High Court heard yesterday.

(471 VIEWS)

The Zimbabwe Stock Exchange market capitalization plunged to $3.8 billion in the first half of 2015 after losing $1 billion in valuation, mirroring an economy some analysts warn could slip into recession this year.

(258 VIEWS)

Agro-industrial conglomerate CFI narrowed its losses to $3.8 million in the half-year to March from $5.5 million on improved performance of its specialised division which registered a 132 percent growth in revenue, the company said yesterday.

(242 VIEWS)

Pan-African Energy Resource (PER), the French developers of the 2 000 megawatt coal-fired power plant in Binga, western Zimbabwe, plan to commission the first phase of the project by mid-2019, according to a revised project schedule tabled by the southern African country’s energy regulator today.

(268 VIEWS)

Zimbabwe’s troubled national airline Air Zimbabwe has accumulated debt of up to $12 million in unpaid handling fees to state owned cargo handler, National Handling Services (NHS), an official has said.

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Resources group Falcon Gold has sold off the majority of its shareholding in Venice Mine near Kadoma to an unnamed investor who will inject $4 million to resume production over a decade after the mine stopped operations.

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Zimbabwe’s State Procurement Board has approved $2.3 billion worth of energy tenders over the last five years as the country battles to address the perennial energy crisis, official data has shown.

(316 VIEWS)

Zimbabwe’s succession battle has already been decided. According to United States-based Stratfor Enterprises- a geopolitical intelligence firm that provides strategic analysis and forecasting to individuals and organizations around the world- Vice-President Emmerson Mnangagwa is now “for all intents and purposes” running the country.

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Zimbabwe’s state owned cargo handling firm, National Handling Services (NHS) says it is in talks with local banks — CBZ and NMB — to borrow up to $5.5 million to upgrade its equipment which officials said is in a deplorable state.

(376 VIEWS)