Zimbabwe activist pastor Evan Mawarire said yesterday acquitted of inciting public violence, but he remains on trial for allegedly trying to subvert President Robert Mugabe's government, the French news agency AFP reported yesterday.
Hwange Colliery Company reported a 23 percent decline in revenue to $18.8 million in the six months to June from $24.5 million last year weighed down by weak sales as a result of low production volumes. Between January and April monthly production averaged 42 000 against a target of 175 400 tonnes.
The cash shortages in Zimbabwe have seen electronic transactions skyrocket from $6.8774 billion in2009 when the country dollarised to $80.0026 billion this year, Finance Minister Patrick Chinamasa told Parliament yesterday.
Lafarge Cement recorded a 12.6 percent decline in revenue to $23.1 million in the six months to June from $26.5 in the prior year weighed down by a decline in sales.
Zimbabwean pastor Evan Mawarire who organised a national shutdown last year through his social media platform #ThisFlag was yesterday likened to the Nigeria Islamic group Boko Haram which is causing havoc in northern Nigeria.
Zimbabwe today gazetted a new law criminalising unlicensed currency trading in an attempt stem out a thriving parallel market for bank notes in the country.