Mugabe backs down on indigenisation

Zimbabwe’s President Robert Mugabe today announced a major shift in his government’s controversial empowerment policy, indicating the law could be amended to reflect softening local empowerment demands on foreign mines…

Zimbabwe pays $40 million for Telecel stake

Zimbabwe has completed the $40 million purchase of a 60 percent stake in mobile telecoms operator Telecel Zimbabwe from Vimpelcom, the communications minister said yesterday. The Amsterdam-headquartered telecoms giant VimpelCom…