Higher Education Minister Jonathan Moyo, one of the alleged leaders of the G40 faction of the Zimbabwe African National Union-Patriotic Front which has now taken over the reins of the ruling party, says President Robert Mugabe is grooming today’s youths just like he did with former Vice-President Emmerson Mnangagwa in 1997.
Zimbabwe will upgrade its main airport at a cost of $153 million in an effort to attract more visitors, state media reported today, as authorities renamed the airport in honour of 93-year-old President Robert Mugabe.
On Monday, President Robert Mugabe fired his vice-president Emmerson Mnangagwa, sending shockwaves through Zimbabwe’s political establishment.
Zimbabwe’s budget deficit will grow to $1.82 billion this year, from the initial projection of $400 million on runaway government expenditure, Finance Minister Ignatius Chombo said today.
National Foods says profitability for the first quarter to September is largely in line with expectations, but volumes fell 10 percent below the same period last year.
The Movement for Democratic Change has condemned the renaming of Harare International Airport today to Robert Mugabe International Airport saying Zimbabwe has now been reduced to Robert Mugabe (Pvt) Ltd, a private limited company wholly owned and controlled by the Mugabe family.
Former Vice-President Emmerson Mnangagwa says he is coming back to restore order within the Zimbabwe African National Union-Patriotic Front and the government.
Zimbabwe risks being removed from the S&P Dow Jones Indices (“S&P DJI”) as the country faces up to foreign currency shortages and inflation concerns that are driving its stock market bull run despite surviving the cull for now.