Zimbabwe’s smallest mobile network operator, Telecel is in discussions with investors over a $200 million loan seen as crucial to reviving its operations.
Zimbabwe Finance Minister Patrick Chinamasa urged Zimbabweans to change their mindsets and value the stock they owned because this was a form of wealth which they could easily convert to cash if they traded it.
Zimbabwe’s Finance Minister Patrick Chinamasa says people should borrow money for productive purposes and chided that one cannot borrow money to pay lobola-bride price- for example, because a woman is not a tractor.
Hospitality and retail group Meikles Limited has reached an agreement with the government over a Reserve Bank of Zimbabwe which has been outstanding for two decades, chairman John Moxon said yesterday.
Nampak Zimbabwe’s after tax profit fell 43.4 percent to $838 000 in the six months to March, from $1.48 million in the same period last year, on the back of subdued demand in the plastics and metals segments.
The United States army private who was jailed for 35 years for one of the largest leaks of classified documents was released today after serving only seven years.