Cotton farmers will receive $40 in cash per bale upon delivery while the balance will paid directly into their accounts, central bank governor John Mangudya has said.
The Zimbabwe Manpower Development Fund (ZIMDEF) closed the year 2016 with a deficit of $386 678 compared to a surplus of $6.5 million recorded in the previous year on lower revenue coupled with higher operating costs.
President Robert Mugabe at one time promised that he would step down before his 85th birthday to concentrate on writing but would not quit politics.
Zimbabwe’s inflation dropped to 0.31 percent in June from 0.75 percent in May at a time when Central Bank chief John Mangudya is complaining that the country’s inflation is too low to stimulate growth.
Zimbabwe’s War Veterans Minister Tshinga Dube has described a Bulawayo war veterans leader, George Mlala, as a “thief of the highest order and a devil incarnate”.
Zimre Holdings Limited’s investment vehicle, Stalap Investment has made a mandatory offer to all CFI Holding Limited minority shareholders at 22 cents per share after clearance from the Zimbabwe Stock Exchange (ZSE) listing committee.