News about Zimbabwe that you can use
Activist shareholders of gold and nickel miner Mwana Africa have forced the convening of an extraordinary general meeting on June 9 where four non-executive directors could be ejected through a vote, bringing a simmering board dispute to a head.
(217 VIEWS)
Creditors of the troubled foundry company Apex Holdings, which has now been placed under provisional liquidation by the High Court today voted to dispose of its assets, mainly buildings worth $9 million to recover part of the $11 million owed.
(292 VIEWS)
SABMiller’s Zimbabwe beverage manufacturer Delta Corporation reported a four percent decline in revenue to $576.6 million for the full year to March 2015 on depressed sales values and volumes from both its sparkling drinks and larger beers.
(251 VIEWS)
The Morgan Tsvangirai-led faction of the Movement for Democratic Change may challenge the passage of the Reserve Bank of Zimbabwe Debt Assumption Bill which passes on the central bank’s debt of $1.3 billion to the government because it argues that some of the legislators from the Zimbabwe African National Union-Patriotic Front who voted for the bill were beneficiaries.
(302 VIEWS)
The City of Harare says a twinning agreement with the South Korean city of Cheonan provides an opportunity to access concessional funding to address the Zimbabwean capital’s housing challenges.
(244 VIEWS)
Workers at Zimbabwe’s sole ethanol producer, Green Fuel, have gone on strike after going for seven months without being paid, paralysing operations at its Chisumbanje plant, officials said today.
(235 VIEWS)
Mbada Diamonds, one of Zimbabwe’s largest diamond miners, has dismissed 240 employees who went on strike last Friday over unpaid salaries but the workers union said that it will challenge the dismissals.
(271 VIEWS)
Opportunities for greatness come only once. Movement for Democratic Change leader Morgan Tsvangirai missed his opportunity in 2008 when he won the elections but ran away to Botswana, United States-based Zimbabwean political commentator Ken Mufuka says.
(969 VIEWS)
