Chinese Foreign Minister Yang Jiechi on Friday called on the West to lift sanctions they imposed on Zimbabwe while Zimbabwean President Robert Mugabe applauded the Asian giant for its continued political and economic support.
Harare - Zimbabwe has announced a ban on imports of second hand vehicles more than five years old with effect from March next year in a move likely to hurt a booming market for used cars.
The Zimbabwe United Passenger Company has finally succumbed to years of Zanu PF abuse carrying party faithful to political rallies and forced to ply less profitable rural routes to appease rural voters.However, the once vibrant bus company has the nightmare of raising over US$2 million in exit packages for the affected workers.Zupco approached Government seeking permission to retrench the...
New Dawn Mining Corp. (TSX: ND) reported that New Dawn's Turk Mine in Zimbabwe produced 3,243 ounces of gold or 100.9 kg's for the quarter ended June 30, 2010, as compared to 3,395 ounces of gold or 105.6 kg's for the quarter ended March 31, 2010.
Zimbabwe external debt, which phenomenally surged to US$7,1 billion in 2009, will shoot by eight percent to US$7,6 billion while the local debt will increase to US$1 billion by the end of 2010, statistics from the International Monetary Fund (IMF) showed last week.