News about Zimbabwe that you can use
The European Union today pledged over $110 million to support the Zimbabwe’s agriculture industry under a five year fund as the bloc resumes direct aid to the southern African country.
(414 VIEWS)
The Deposit Protection Corporation will pay out just over $1.7 million to depositors of the now defunct Trust Bank, the Reserve Bank said yesterday but provided a fresh window for new investors to shore up the bank.
(100 VIEWS)
Zimbabwe is the most repressed economy in sub-Saharan Africa and in the bottom five worldwide – due to government intervention, policy inconsistency and corruption, according to the 2015 Index of Economic Freedom which, however notes recent gains in monetary freedom and state spending.
(165 VIEWS)
Five new investors have expressed interest in investing in food manufacturing firm, Cairns Holdings and are currently conducting due diligence after another potential investor, Vasari Global of South Africa failed to commit.
(695 VIEWS)
A Zimbabwean woman, Memory Maphosa, was arrested at the Beitbridge Border Post on Sunday night together with Vuyiswa Mabasa of Lesotho while trying to smuggle drugs with an estimated value of R8 million.
(390 VIEWS)
Workers in the energy sector say high demand for power has cushioned them from job cutbacks while the rest of the economy is looking at ways of slashing employment costs through retrenchment.
(291 VIEWS)
State-owned mining investment vehicle, Zimbabwe Mining Development Corporation (ZMDC) says it has secured foreign investors to inject capital into its three gold mines and expects to conclude two deals next month.
(153 VIEWS)
Britain is still not channelling its aid to Zimbabwe through the government though the European Union normalised its relations with Harare on 1 November 2014, enabling it for the first time since 2002 to work directly with the Zimbabwe government.
(229 VIEWS)
