The Zimbabwe stock exchange mainstream index eased 3.52 percent in February to close at 135.31 points as eight of the top 10 counters by market capitalisation all recorded losses.
Movement for Democratic Change leader Morgan Tsvangirai today told students at Chinhoyi University that the future of Zimbabwe belongs to young people so they have a responsibility to define that future by participating in the politics of the country.
The Infrastructure Development Bank of Zimbabwe (IDBZ) says it intends to float more bonds to raise financing for its housing development projects but at a lower yield rate in line with current interest rates.
There was drama in Parliament last week when Gokwe-Nembudziya legislator Justice Wadyajena took fellow Zimbabwe African National Union-Patriotic Front Member of Parliament for Hurungwe East Sarah Mahoka to task about the crocodiles (ngwena) she was constantly referring to during her debate on the President’s State of the Nation Address.
The owner of the Daily News, Associated Newspapers of Zimbabwe, has taken over the Financial Gazette, one of the biggest financial papers in the country.
Barclays Bank Zimbabwe’s total income in the full year ended 31 December 2016 rose by 27 percent on the prior year to $58.3 million boosted by increases in net interest income and non-funded income.
Zimbabwe has mobilized $14.5 million out of the $100 million it needs to urgently repair its road network damaged by heavy rains, Transport and Infrastructural Development minister, Joram Gumbo has said.
Armed police are reported to have tried to break-up a meeting of Movement for Democratic Change leader Morgan Tsvangirai with villagers from Nyamakate area in President Robert Mugabe’s home province of Mashonaland West but were foiled by the villagers.