Zimbabwe’s economic austerity measures have been implemented
without enough safety nets for the poor and are deepening poverty in the
country, according to a panel of United Nations experts.
Under a Transitional Stabilisation Programme announced...
Feathers are flying once again in the rivalry between Chicken Inn and Chicken Slice. This time, Chicken Inn is crying fowl over what it sees as its rival’s trademark infringement.
In a court...
Gold miner Caledonia Mining is seeking ways to deepen its
investment in Zimbabwe even though a currency crisis has dented its earnings
and bureaucracy has slowed the company’s purchase of an increased stake.
The end of...
Zambia and Zimbabwe have cut power generation at the Kariba
dam by almost 600 megawatts (MW) after a drastic fall in water levels since October
last year, the dam operator said on Thursday.
“The lake level...
Finance Minister Mthuli Ncube expects to raise US$350
million from selling majority shares in state-owned telecoms assets, a plan
that includes selling fixed line and internet provider TelOne and mobile
operator NetOne as a single entity.
Chinese steel giant Tsingshan will start construction of coke oven battery at its planned new stainless steel plant in Mvuma in the second half of the year, Mines Minister Winston Chitando has said.
Shares in Caledonia Mining Corporation took a bit of a
dive at the end of February after the Zimbabwe government announced that it was
ending its export credit incentive scheme.
Under the terms of this scheme, gold...
PPC says Zimbabwe’s new currency measures are “positive” and may eventually help the company repatriate its funds from the country.
The cement maker needs to repatriate US$16 million in
dividends and US$5 million from rights...
Results just released by Old Mutual Limited, South Africa’s number two insurer and the holding company of Old Mutual Zimbabwe, show the impact of Zimbabwe’s currency reforms on the accounts of companies operating in the country.
Fourteen years after losing control of Mascom Botswana, his very first cellular operation, Strive Masiyiwa wants to buy back the company back from MTN for US$300 million.
In a statement on Thursday, MTN said...
