The Insider

Zimbabwe requires $5 billion to rehabilitate its road network, ideally through public private partnership deals as funds generated through toll fees are not enough to rebuild the strategic infrastructure, a senior government official said today.

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The story that Justice Minister Emmerson Mnangagwa was quietly chipping off Vice-President Joice Mujuru’s chances of succeeding President Robert Mugabe sparked a lot of interesting comments on The Insider’s facebook page.

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Zimbabwe’s largest gold producer Metallon Corporation sees a four-fold jump in net profit to $20 million for full year 2014 amid projections that annual output will rise to 500 000oz over the next five years from the current 83 000oz spurred by expansion of existing projects and development of new ones, an official said today.

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Zimbabwe’s second largest mobile service provider Telecel says the recently introduced five percent levy on airtime sales will result in adjustment of some promotion and service benefits.

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Industrial-grade diamonds dominate Zimbabwe’s gem exports, although sales sharply declined to $188 million in 2013 from nearly $658 million in the previous year due to weakening demand from the United Arab Emirates, China and Belgium as mining companies in Marange scaled down operations, according to trade data.

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South African President Jacob Zuma has appealed against the release of the 2002 Zimbabwe presidential elections report meaning that the Mail and Guardian will have to wait a little longer.

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