News about Zimbabwe that you can use
More than 400 British companies are doing business in Zimbabwe and are making huge profits, the Minister of Foreign Affairs Simbarashe Mumbengegwi said in Parliament last week.
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The new look multi-million dollar Victoria Falls International Airport, whose Chinese-funded upgrade is underway, will be ready for commissioning in September, the Civil Aviation Authority of Zimbabwe (CAAZ) has said.
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Finance Minister Patrick Chinamasa said companies, and not individuals, are resisting the use of bond coins because they are making money out of it.
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Pretoria Portland Cement Zimbabwe says it has recorded a marginal one percent growth in sales for the four months to 31 January compared to the prior year, despite an economic slowdown that could be expected to result in declining volumes.
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New measures allowing undercapitalized local tobacco merchants to buy the cash crop could prejudice smallholder farmers funding their own crop and further widen the price gap between the contract and farmer-funded crop, industry experts have said.
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The youth assembly of the Movement for Democratic Change-Tsvangirai faction yesterday held a prayer meeting in memory of Susan Tsvangirai, the party leader’s wife who died in a car accident on 6 March 2009, less than a month after her husband was sworn-in as Prime Minister.
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I may have been wrong about the end of President Robert Mugabe. I assumed that nothing in Zimbabwe would change until he was carried feet first out of office. In one way that is correct. He will not retire. He will try to retain the title of President of Zimbabwe until he dies. He told a recent visitor that work keeps him young and went on to say what a wonderful woman Mrs Thatcher was. Sadly, he said, she died young because she gave up office and stopped work.
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Former employees of struggling miner Mbada Diamonds today spent their fifth day camping outside the company’s headquarters in Borrowdale demanding payment of their packages and outstanding salaries, while threatening legal action against the firm.
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Bulawayo-based textile firm Merlin is close to securing a $1 million funding under the Distressed Industries and Marginalised Areas Fund (Dimaf) to resume production while scouting for credible investors, the judicial manager has said.
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