Stalap Investments, a major shareholder in agro-industrial group CFI Holdings, has instituted legal action seeking to declare last month’s extraordinary general meeting (EGM), which cancelled a 2015 $18 million land-debt swap deal with Fidelity Life Holdings, null and void.
More than 100 000 farmers have registered to grow tobacco in the 2017/18 season, a 36 percent increase from 73 492 in the previous season, statistics from the industry regulator have shown.
Movement for Democratic Change legislator Eddie Cross who almost got into trouble with his party after stating that party leader Morgan Tsvangirai will not be able to contest next year’s elections because of his failing health now says the MDC-T leader is the best candidate to beat Emmerson Mnangagwa in next year’s elections.
Zimbabwe’s new President Emmerson Mnangagwa today swore in his 22-member Cabinet, saying he has confidence in its ability to deliver and turnaround the economy.
Suggestions on what President Emmerson Emmerson Mnangagwa should do to revive Zimbabwe’s economy continue to pour in.
The Zimbabwe Stock Exchange’s main industrial index dropped 27.82 percent in November to 376.69 points following a politically induced self correction phase, but doubts over the new cabinet’s ability to deliver has seen a bouncing back of sorts in the final week of the month.