Zimbabwe’s legislators have suggested that the government should give mining companies between seven and 10 years to develop their operations before penalizing them for continuing to sell ore.
The Zimbabwe Stock Exchange All shares Index advanced 0.10 percent to close at 91.36 points on Monday.
The Parliamentary Portfolio Committee on Foreign Affairs and Industry says Zimbabweans in the diaspora wishing to invest in the country must be given the same incentives as foreign investors.
The Industrial Development Corporation of Zimbabwe (IDCZ) has invited bids from financial institutions to help sell off its wholly owned fertilizer maker, Chemplex Corporation.
The Parliamentary Portfolio Committee on Defence, Home Affairs and Security Services says the Zimbabwe Anti-Corruption Commission is grossly underfunded and was allocated only $3.351 million in this year’s budget when it had requested $17.4 million for operations only excluding salaries.
Singer and businessman Energy Mutodi who last year warned President Robert Mugabe that there would be a coup in Zimbabwe if he did not choose his successor carefully and later claimed that Emmerson Mnangagwa was poisoned by his colleagues David Parirenyatwa and Sydney Sekeramayi has been freed after the magistrate refused further remand on the three charges he was facing.
President Emmerson Mnangagwa says his administration will not stall investment by foreigners just because Zimbabweans are not yet ready or able to invest adding that the country has already attracted $2.4 billion in foreign direct investment in the two months since he assumed office.