Friday, July 21, 2017

Top regional bank eyes Zimbabwe investments

The Development Bank of Southern Africa (DBSA) has identified Zimbabwe as a dynamic area for a considerable number of investments and mergers.

Tsvangirai holds meetings with IMF and World Bank in Washington

Prime Minister Morgan Tsvangirai has held high level meetings with the International Monetary Fund and the World Bank, in the build-up to his Friday meeting with US President Barack Obama.

Dairibord Zimbabwe woman saga spilled to court

Dairiboard Holdings Limited chief executive officer (CEO), Anthony Mandiwanza, faces a US$100,000 lawsuit after he plotted to dismiss the managing director of the company’s main subsidiary, Dairibord Zimbabwe (Private) Limited, for allegedly having an affair with a top executive at the company.

Zim June inflation quickens to 0.6 pct mth to /mth

Zimbabwe's inflation quickened to 0.6 percent month-on-month in June from -1.0 percent in May, the Central Statistical Office said on Monday. The CSO, which resumed calculating inflation figures in December, having last released data for July 2008, did not give year-on-year statistics.

Non-existent firms awarded diamond mining claims

NON-EXISTENT companies were allegedly used to acquire 214 diamond mining claims in Marange in 2006, a Mutare court heard last week.

Platinum production defying economic crisis in Zimbabwe

Platinum production has continued to increase in Zimbabwe despite the devastating recession that has engulfed the country in the past ten years, it was claimed on Friday (17th July).

India purchases 83 percent of Zimbabwe diamonds

Indian buyers snapped up about 83 percent of diamonds from Zimbabwe's controversial Marange mines that were auctioned in Harare last week, according to reports from the Asian country.

Uganda suspends Zim Investment Bank

Ugandan Capital Markets Authority has suspended Zimbabwean Investment Bank ReNaissance Capital Limited Uganda and blacklisted two Zimbabwean stokebrokers for improper conduct on the market.

Mystery surrounds Mutumwa Mawere and world bank funds

Mystery surrounds the use of a large sum of money that the World Bank paid to United States-based medical practitioner, Dr Arikana Chihombori, for the purpose of developing medical facilities in Kwekwe and Redcliff in Zimbabwe.

Ministers bleeding state coffers by flouting foreign travel restrictions

In a development that exposes the rampant abuse of control systems in the inclusive government and how the polarity in the coalition is being taken advantage of for selfish gain by high-ranking office bearers, several ministers have been accused of bleeding State coffers by flouting foreign travel restrictions.
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