Blue Ribbon Industries today said it has put on hold a further $20 million investment to expand its business as it awaits the government to amend its empowerment legislation.
A visiting Parliamentary delegation from Iran has expressed concern over the extremely low trade volumes between Zimbabwe and Iran.
Vice-President Emerson Mnangagwa has defended the government’s producer price of $390 a tonne which is more than double that paid to other farmers in the region saying the country is actually saving on scarce foreign currency.
Zimbabwe’s infrastructure bank has secured funding commitments from three institutional investors for its $12 million student accommodation development in Bulawayo, an official has said.
The Zimbabwe Stock Exchange mainstream index shed 0.74 percent to 364.42 points today on profit-taking in some counters, while the resources index recorded a marginal 0.05 percent gain to 98.74 points.