President Emmerson Mnangagwa has appointed High Court Judge Prisicllah Chigumba as the chair of the Zimbabwe Electoral Commission taking over from Rita Makarau who resigned soon after Mnangagwa took over the reins of the country.
Australian-listed junior miner Prospect Resources says it has raised $10 million in capital via a private placement which was oversubscribed.
The government has allocated only $2 million for the acquisition of vehicles for chiefs when the bid was for $9 million raising questions as to where President Emmerson Mnangagwa will get the money to buy vehicles for more than 200 chiefs before elections.
CFI Holdings reported an after tax profit of $879 800 for the year ended September 31, 2017 from a $45 million loss in the prior year, driven by a 45 percent increase in revenue.
Government has gazetted the Zisco Debt Assumption Bill, effectively taking over the steel giant’s debt, clearing the way for its takeover by Chinese firm, Tian Li and its revival.