News about Zimbabwe that you can use
Zimbabwe’s cash-strapped government is set to lose nearly $600 000 which is locked up in Allied Bank — majority owned by transport minister Obert Mpofu — while municipals and other state departments are owed over $2.5 million following its collapse early this year, with chances of recovering all the money slim.
(287 VIEWS)
Mutare-based vehicle assembler, Quest Motors says it will start producing Japanese models in the fourth quarter of this year after signing franchise agreements with the manufacturers.
(537 VIEWS)
An unnamed French investor is set to inject around $20 million into MicroKing Finance, a micro lending subsidiary of AfrAsia Zimbabwe Holdings Limited owned by Mauritius-based AfrAsia Bank (ABL) Limited which exited the country early this year and is now disposing of its remaining assets.
(267 VIEWS)
The Morgan Tsvangirai-led faction of the Movement for Democratic Change today called on Zimbabweans to join hands in peacefully pushing the corrupt, insensitive, incompetent and violent ZANU-PF regime out of power.
(442 VIEWS)
Mbire Member of Parliament David Butau is fighting his expulsion from the Zimbabwe African National Union-Patriotic Front more to save his business empire that to argue that his dismissal was unlawful.
(317 VIEWS)
Quest Motors says it has commenced assembling of Chinese designed buses at its Mutare factory and plans to increase the number of Foton Tunland double cab units which will boost its capacity utilisation to over 50 percent, an official has said.
(288 VIEWS)
Zimbabwe’s sole yeast producer has plunged into insolvency after putting its assets, including the head office for sale, signalling the fall of one of the most iconic firms in the country after nearly six decades.
(311 VIEWS)
The Vehicle Inspection Department (VID) is generating $2 million a month but all its income is being taken by the Treasury, leaving the parastatal without funds for its operations or to fight corruption, Parliament heard today.
(252 VIEWS)
Zimbabwe, which is facing a food crisis after a drought hit season, has poor logistics which could affect its efforts to import maize from Zambia, the only country in the region with a surplus, an official has said.
(281 VIEWS)
Zimbabwe is now giving white farmers security of tenure and has asked provinces to submit names of white farmers whom they want to remain on farms so that they can get documents to enable them to plan their operations.
(450 VIEWS)
