News about Zimbabwe that you can use
Smuggling is so rampant in Zimbabwe that shoes that should sell for not less than $5 are going for $1, the Minister of Industry and Commerce Mike Bimha told Parliament.
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Three government ministries are currently involved in running Shabanie and Mashaba Mines making it difficult for any potential investor to know which one to deal with.
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The Ministry of Youth, Indigenisation and Empowerment cannot change the country’s indigenisation law as that can only be done by Parliament, the Deputy Minister Mathias Tongofa said yesterday.
(880 VIEWS)
Despite the tales of doom and gloom in the Zimbabwe economy, the Zimbabwe investments of TA Holdings, which is in the insurance and hotel industries, boosted the company’s profits with earnings per share more than doubling from 0.78 cents per share to 1.59 cents per share.
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Finance Minister Patrick Chinamasa today said China does not give budgetary support to any country but it in prepared, without limit, to fund any bankable, feasible and viable projects.
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The nine deals that President Robert Mugabe and Finance Minister Patrick Chinamasa signed in China will not be binding until they are approved by Parliament according to the new constitution, Veritas says in its latest report.
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The Member of Parliament for Gokwe Nembudziya Justice Wadyajena today asked that the legislator for Hurungwe West Temba Mliswa should be asked to defend his statement in The Herald of 3 April 2014 that businessman Billy Rautenbach bribed members of the Indigenisation Committee to enable him to bypass indigenisation laws to get a majority stake in the ethanol project at Chisumbanje.
(356 VIEWS)
