Policy inconsistency and discord within government is keeping away potential foreign investors interested in Zimbabwe, the Netherlands ambassador to Zimbabwe, Gera Sneller has said.
Zimre Property Investments posted a 35 percent increase in profit after tax to $572 000 in the half year to June 2016, driven by a growth in projects income.
Innscor Africa reported a six percent increase in revenue from $554 million to $586 million in the full year to June driven by a growth in volumes across its business units.
Zimbabwe’s largest media group, Zimpapers today reported a 70 percent drop in net profit, from $1.9 million to $571 000, for the half year to June 2016 after incurring a high interest bill.
Zimbabwe Stock Exchange-listed hotelier, Rainbow Tourism Group (RTG), has pulled out of Mozambique, citing a worsening political situation and cuts in spending by the government of that country.
Neville Mutsvangwa, son of war veterans leader Christopher Mutsvangwa was yesterday acquitted of raping a 43-year old woman after the magistrate Hoseah Mujaya ruled that his accuser’s evidence was poorly presented and exaggerated.