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.