Deputy Industry and Commerce Minister Mike Bimha today said India’s Essar Group is to take majority control of ZISCO in a deal that is said to be worth up to $500 million. Bimha said Essar Africa would buy a 54 percent stake in ZISCO, with the government keeping 36 percent and 10 percent going to small private investors. President Robert Mugabe in May rejected shortlisted bids from the South African unit of ArcelorMittal and India’s Jindal Steel saying the companies were too big.
(41 VIEWS)
The gazetting into law of the payment of quarterly taxes on a 50-50 basis in…
Zimbabwe has today unveiled a ZiG276.4 billion budget for 2025 during which it expects the…
Zimbabwe President Emmerson Mnangagwa has repeatedly stated that he is not going to contest a…
The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…
An Indian think tank has described Starlink, a satellite internet service provider which recently entered…
Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…