The Insider

Zimbabwe’s second largest medical insurer Cimas has posted an after tax profit of $4.3 million for the full-year to December 2014 and has increased contributions for its top two packages by 50 percent with effect from July to cope with a high number of claims.

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Zimbabwe President Robert Mugabe, who is current chairman of the African Union, has called on African countries to guard their natural resources because the West was creating wars in some countries so that it can exploit their resources while they are fighting.

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Mines minister Walter Chidakwa has hinted that the government could consider scrapping a 15 percent export tax on unrefined platinum after two major miners submitted plans for local processing, as the industry blames the levy for declining output and earnings.

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Zimbabwe Stock Exchange’s automated trading platform is set to go live next month, a development which could see trades quadrupling, chief executive Alban Chirume said.

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The former Mwenezi East Member Of Parliament Kudakwashe Bhasikiti said President Robert Mugabe was the only person who was still thinking about people. He therefore needed fresh disciples to this cause.

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Zimbabwe’s government has lifted the ban on chrome ore exports with immediate effect after four years of the prohibition failed to ignite local processing.

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Ousted Mwana Africa chief executive officer Kalaa Mpinga says he is not a bitter man and is ready to explore investment opportunities in Zimbabwe and Africa following his shock departure from the resources group he founded 12 years ago.

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The local unit of global cement group Lafarge says it has stopped exporting into the region citing unfair competition from cheaper Pakistani-made cement and the inhibitive cost of production in Zimbabwe.

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Itai Dzamara has been making news since he disappeared almost three months ago.

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Zimbabwe’s sole glass manufacturer, Zimglass is considering switching to gas technology to counter frequent power cuts that have hit its operations, an official has said.

(210 VIEWS)