The Insider

The World Bank has set up a multi-donor trust fund for Zimbabwe which could raise $100 million next year, a gesture signalling that the institution was re-engaging with the bankrupt southern African country.

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Movement for Democratic Change leader Morgan Tsvangirai today said his party had a plan to determine the endgame so that the country returns to full legitimacy and regains its lost confidence but he did not spell out what the plan was or its time-frame.

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Kwekwe-based Steelmakers says it will from next year generate 18 megawatts from industrial waste gas to mitigate regular power cuts and reduce overheads after acquiring new technology.

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New Limpopo Project Investments (NLPI) a subsidiary of South African freight and shipping giant, Grindrod has entered into an agreement with the National Railways of Zimbabwe to service and market the 470 kilometre rail between Bulawayo and Victoria Falls to provide a North-South corridor.

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The government is set to rebrand the National Pricing and Monitoring Commission (NPMC) into the National Competitiveness Commission (NCC) responsible for reviewing regulations on doing business to make the country investment friendly, an official has said.

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Just prior to the ZANU-PF Elective Congress in early December, Zimbabwe’s First Lady Grace Mugabe initiated her ‘meet the people’ tour after having been nominated as leader of the ruling party’s powerful women’s wing.

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