The Environmental Management Agency (EMA) says it has so far confiscated 58.5 million products made of Expanded Polystyrene Foam (EPS),commonly known as kaylite, worth an estimated $2.8 million, as it moves to implement a government directive banning the product.
The Grain Millers Association of Zimbabwe (GMAZ), which represents the country’s major milling companies, is struggling to pay off $88 million in outstanding invoices for wheat and maize imports since August last year.
Zimbabwe’s stock exchange market capitalization yesterday peaked at $8.9 billion, the highest since dollarisation, as the bourse continues on a bull run which has seen it reach record levels.
Britain gave Zimbabwe an additional US$8 million in aid following Prime Minister Morgan Tsvangirai’s visit to that country to support the Movement for Democratic Change and give the MDC wins to take credit for, but British Prime Minister Gordon Brown made it clear to his ministers that additional support would not be released until there was more progress on genuine reform on the ground.
President Robert Mugabe today officially opened the 8th Parliament of Zimbabwe and said that the various pieces of legislation that will be tabled during this session require hard work and commitment from both Members of Parliament and cabinet ministers.
President Robert Mugabe today opened the final session of the Eighth Parliament ahead of the 2018 general elections, with the economy topping his legislative agenda.