Binga South Member of Parliament Joel Gabbuza says one does not need economists to explain the importance of reviving the Zimbabwe Iron and Steel Company.
Zimre Holdings Limited (ZHL) has called off plans to sell off its shareholding in insurance firms in NicozDiamond and Fidelity Life Assurance, citing increased uncertainty in Zimbabwe’s financial system.
Border Timbers narrowed its loss after tax by 89 percent from $24.3 million to $2.6 million in the full year to June buoyed by a cut in costs.
Local investors reacted to a cabinet reshuffle in the week by piling onto the stock market, leading to the mainstream index hitting another record setting level of 505.32 on Friday.
There was heated debate in Parliament last week when Binga North Member of Parliament sought clarification from the Deputy Minister of Local Government Christopher Chingosho where First Lady Grace Mugabe got the authority to issue orders to government institutions.
Zimbabwe’s raw milk production increased by nearly three percent to 5.72 million litres in September, compared to 5.58 million litres achieved in the same period last year, latest figures show.