News about Zimbabwe that you can use
The run-up to the Zimbabwe African National Union-Patriotic Front congress was nasty. Though no blood was shed, the internal fighting has left many disgruntled, bitter and aggrieved people.
(157 VIEWS)
The Reserve Bank of Zimbabwe today unveiled a set of new bonded coins worth $10 million, which will start circulating on December 18, in a bid to ease the shortage of lower denomination currency, but repeated assurances it would not bring back the local currency.
(206 VIEWS)
AIM-listed resources company, African Consolidated Resources has announced that its Pickstone-Peerless gold project near Chegutu, 100 kilometres southwest of Harare, will come on line in the second half of 2015 after it secured funding from a Zimbabwean company to start operations at the gold mine.
(401 VIEWS)
Bulawayo City Council (BCC)’s debt has ballooned to over $90 million, about 57 percent of its $158 million 2015 budget, and is struggling to service it after revenue dropped by 65 percent since July last year, latest council minutes have shown.
(93 VIEWS)
Zimbabwe’s efforts to re-engage and seek debt relief from multilateral lenders may be an exercise in futility due to government failure to contain a bloating wage bill and recurrent expenditure, an economic think tank has said.
(116 VIEWS)
The $55 million Agricultural Marketing Authority (AMA) grain purchase bills floated by CBZ Bank in June registered a 96 percent success rate, the bank announced yesterday.
(104 VIEWS)
Defunct diamond mine, Gye Nyame Resources is set to get a fresh capital injection of $20 million from a potential investor while creditors are expected to vote to defer their payment pending recapitalisation of the mine.
(559 VIEWS)
