Profit-taking in selected counters saw the Zimbabwe Stock Exchange’s main industrial index lose 0.66 percent to close the week on 514.3 points, on losses in selected heavyweight counters.
Victoria Falls municipality has applied for city status, with the local authority saying it has capacity and adequate infrastructure to warrant the upgrade.
Zimbabwe will give white farmers five-year leases while blacks will be given 99-year leases and is scrapping the provision that said they would only be given the leases after three years when the government had assessed their production and investment in infrastructure.
Zimbabwe’s leaders bust be jailed and the keys should be thrown away because they have plunged the country into the inglorious world of hyperinflation, “a world of economic chaos, wrenching poverty, and death”, a United States economist says.
Zimbabwe African National Union-Patriotic Front provincial chairman for Masvingo Ezra Chadzamira has dismissed reports that he was suspended by national political commissar Saviour Kasukuwere saying he had not received any official communication but had learnt about the suspension from the media.
Zimbabwe’s infrastructure bank will next month float several bonds to the tune of $14.9 million to finance development of its housing project in Kariba.