As the economic situation in Zimbabwe continues to decline, the government has had to resort to gymnastic levels of innovation to overcome challenges around productivity, liquidity and access to capital.
Movement for Democratic Change leader Morgan Tsvangirai today signed a memorandum of understanding to form a coalition government with National People’s Party leader Joice Mujuru.
South Africa’s retail giant Pick n Pay says its Zimbabwe associate, TM Supermarkets (TM), delivered a strong 75 percent earnings growth in the full year to February 26 despite a tough macroeconomic environment marked by poor liquidity, rising unemployment and falling consumer confidence.
ASA Resources says $4.3 million is missing from its Freda Rebecca Mine, with an audit showing that chief executive Yat Hoi Ning and finance director Yim Kwan had irregularly transferred money to two Hong Kong registered companies.
Pressure continues to pile on Zimbabwe African National Union-Patriotic Front national commissar Saviour Kasukuwere to go.
President Robert Mugabe today said Zimbabwe has gone for 15 months without any load shedding and work on two units at the Kariba South Power Station being built by a Chinese company, will boost power generation to 78 percent.
Former State Procurement Board chairman Charles Kuwaza is reported to have jumped to his death from the 9th floor of Club Chambers Building in Harare today in a case of suspected suicide.
The United states today congratulated the Zimbabwean people and not the country’s leader Robert Mugabe on the country’s 37th independence anniversary.