President Robert Mugabe yesterday urged his supporters to desist from demonstrations saying the party had proper structures which should be followed instead of taking to the streets.
Zimbabwe is still paying off loans used to fund strategic national projects that have long become derelict or defunct due to lack of proper maintenance and care, central bank governor John Mangudya has said.
CFI Holdings recorded a 24 percent increase in revenue to $22.6 million in the five months to February 2017 from $18.1 million in the same period last year. Acting chief executive Timothy Nyika told shareholders that the group was ‘above break-even’ from a loss of $4 million for the same period the prior year. Margins increased by 4.6 percent as favourable margins were recorded in Farm and City retail and horticultural projects.
Agro-industrial concern Border Timbers, which is currently under provisional judicial management, reported a 35 percent drop in revenue to $8.7 million in the six months to December 2016 from $13.5 million in the prior year.
Zimbabwean President Robert Mugabe is now so old that next year, when he will be 94, he will vote for Movement for Democratic change leader Morgan Tsvangirai without noticing it.
The African Development Bank (AFDB) says it wants local investors to participate in the financing of the construction of Batoka Gorge Hydro Electric Scheme.