The Zimbabwe Iron and Steel Company (Zisco), now renamed NewZim Steel after its acquisition by India’s Essar Group, is to be revamped with the construction of a new steel plant.
The Movement for Democratic Change faction loyal to party leader Morgan Tsvangirai today said the decision by Speaker of Parliament Jacob Mudenda to refer the dispute over whether it can recall Members of Parliament who sided with secretary-general Tendai Biti to suspend the party leadership was a victory for the faction because it can now proceed with recalling the MPs.
Movement for Democratic Change secretary Tendai Biti today scored his first victory against his more popular rival party leader Morgan Tsvangirai when the Speaker of Parliament Jacob Mudenda referred their case in which Tsvangirai is seeking to recall from Parliament nine legislators that sided with Biti to suspend him from the party.
Movement for Democratic Change secretary-general Tendai Biti will know whether he will retain his parliamentary seat or not today after Speaker Jacob Mudenda makes a decision.
China, which has described itself as an all-weather friend of Zimbabwe, today showed Harare that business is business.
Finance Minister Patrick Chinamasa yesterday said Zimbabwe was too small to pursue a policy of confrontation.
This aptly describes the Minister of Mines Walter Chidhakwa’s decision to stick with the Dubai Diamond Exchange after the country failed to recoup its proceeds from the diamond sales there in March for more than a month.
President Robert Mugabe may have to swallow his words about using the Dubai Diamond Exchange to sell the country’s diamonds.