ZANU-PF and MDC battle to appease the electorate

Hardly four months after the elections, the Zimbabwe African National Union-Patriotic Front and the Movement for Democratic Change are battling to appease the electorate with the MDC saying it will establish Constituency Development Funds while ZANU-PF says it will monitor project implementation by its legislators.

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Top stories for November 11-15

Zimbabwe and China sign $320m power deal – Zimbabwe and China today signed a $320 million power deal for the expansion of the Kariba South Hydro Power Project which will boost electricity generation by 300 megawatts. The deal was signed by Finance Minister Patrick Chinamasa and Zhu Hongjie president of the China Exim Bank which provided a loan of $319.5 million payable over 20 years at 2 percent interest. The Zimbabwe Power Company will provide only 10 percent of the project cost which is $35.4 million. The project is expected to take four years and will be carried out by a Chinese company Sino Hydro.

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Aiming for the top

Zimbabwe is planning to decriminalise gold-panning to boost gold production and get into the top five producers of the golden metal in three years. Finance Minister Patrick Chinamasa today said…

Inflation drops

Zimbabwe's inflation was today reported to have declined to 0.59 percent in October, despite the liquidity crisis in the country, largely because of the weakening South African rand. South Africa…