Moribund steelmaker, Ziscosteel today announced that it will be seeking approval from its minority shareholders to allow Government to assume its debt estimated at $450 million, and its takeover by Hong Kong firm, Tian Li.
The elections directorate of the Movement for Democratic Change directorate led by Morgan Tsvangirai will meet tomorrow but it is not clear what it will discuss.
Information Communication and Technology Minister Supa Mandiwanzira is in a tight spot following reports that prosecutor-general Ray Goba has written to the Zimbabwe Anti-Corruption Commission for an update on investigations into allegations of corruption and abuse of office levelled against him by former Netone chief executive Reward Kangai.
Zimbabwe’s raw milk production increased by 14 percent to 65.3 million litres in the full year to December from 57.5 million litres the previous year.
The government has tasked Zarnet, a state-enterprise- to buy Telecel, Zimbabwe’s third largest mobile phone provider, Information Communication Technology Minister Supa Mandiwanzira said today.
Private equity investment and advisory firm, Brainworks Capital Management has increased its shareholding in African Sun to 55.11 percent after closure of its mandatory offer to the hotelier’s minority shareholders.