Zimbabwe banking sector is thriving despite the tough operating environment, with profitability and balance sheet significantly sound in the full year ended December 31, 2016, financial results from reporting banks show.
World platinum top producer Anglo American Platinum (Amplats) says production at its Zimbabwe unit near Shurugwi went up 2 percent to 18 900 ounces in the quarter to March compared to the same period last year.
Zimbabwe African National Union-Patriotic Front politburo member Obert Mpofu’s remarks on Sunday that Matebeleland North province will look into allegations that Higher Education Minister and fellow politburo member Jonathan Moyo is working with national political commissar Saviour Kasukuwere to build parallel structures and has also been undermining the Command Agriculture programme has sparked a twitter war on Moyo’s handle.
The Movement for Democratic Change-Tsvangirai, which signed two memoranda of understanding with Joice Mujuru’s National People’s Party and Welshman Ncube’s smaller MDC, today said it was not at liberty to talk about the memoranda as this would be tantamount to negotiating in public.
Zimbabwe has set up a $18 million facility to capacitate three Bulawayo companies to produce mining equipment, Industry and Commerce Minister Mike Bimha said yesterday.
The Zimbabwe African National Union-Patriotic Front youth league has joined those calling for national political commissar Saviour Kasukuwere to go, clearly refuting the argument by Vice-President Phelekezela Mphoko that it was war veterans leader Christopher Mutsvangwa who was behind the drive.