Hwange Colliery’s creditors have voted to approve a Scheme of Arrangement that will stagger debt repayments, saving the company from going under judicial management, officials said today.
President Robert Mugabe today laughed off remarks that Zimbabwe is a failed state and instead said it was the most highly developed country in Africa, after South Africa.
Zimbabwe’s central bank says the country has reduced its foreign payments backlog by more than 50 percent to $185 million, largely due to forex flows from ongoing tobacco sales and improved dollar deposits.
Zimbabwe’s central bank is offering a 5 percent reward to whistleblowers reporting on individuals, traders and firms hoarding, selling or illicitly funneling cash out of the country, governor John Mangudya announced today.
Buhera South Member of Parliament Joseph Chinotimba yesterday said legislators should not pay for vehicles that they were issued by the government because they are using them to go government work.
Turnall Holdings yesterday reported a loss of $4 million in the full-year to December 2016 from a profit of $106 938 in the prior year, due to low consumer demand.