First Lady Grace Mugabe is reported to have been appointed to a key committee that will campaign for her husband and the ruling party in next year’s elections.
Masawara Plc reported a 57 percent increase in after tax profit to $3.6 million in the six months to June from $2.3 million in the comparable period last year.
The inclusive government that Movement for Democratic Change leader Morgan Tsvangirai joined to save the country from collapse almost became a prison as he could not pull out despite the frustration.
Regional cement maker Pretoria Portland Cement (PPC) today said it had received an offer from Nigeria’s Dangote Cement to acquire the company’s entire share capital.
The Reserve Bank of Zimbabwe is set to meet bankers over foreign currency allocations following claims by business that banks are not prioritising the productive sector. In the wake of a deepening foreign exchange shortage that has seen Zimbabwe accumulate an international payments backlog pegged at $600 million as at May 2017, the country’s main exporters last week approached Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, for an intervention in the allocation of the scarce forex.
Zimbabwe opposition leader Morgan Tsvangirai today disowned a social media group called “Save chete chete” saying it is not his official representative.