A group of Barclays Bank low-level managers have petitioned the Zimbabwe government not to approve the takeover of Barclays Bank Zimbabwe by First Merchant Bank (FMB) of Malawi, alleging that the deal violated empowerment laws.
With President Robert Mugabe in and out of the country so much these days, one would have thought this is a current story.
Zimbabwe’s debt-stricken meat processor, Cold Storage Company (CSC), owes Bulawayo City Council (BCC) $1.5 million as at April 30 this year in outstanding rates, latest council minutes show.
The Zimbabwe Stock Exchange recorded its highest turnover this year following a fourfold increase to $13.56 million by today, from $2.9 million recorded in the previous week as punters hunt for bargains.
Zimbabwe can export labour not because it cannot create jobs but because the government has done a good job in educating its people and capacitating them to the extent that a Zimbabwean can work in any country without a problem.
Zimbabwe’s tourism fair, Hlanganani/Sanganai Travel Expo has boosted tourist arrivals by 700 000 since its launch 10 years ago according to the Zimbabwe Tourism Authority (ZTA) chief executive officer, Karikoga Kaseke.
South Africa has suspended trade in birds and chicken products from Zimbabwe after an outbreak of the highly contagious bird flu at a commercial poultry farm near Harare.
The Zimbabwe government continues to dominate the local credit market, with domestic debt rising 40 percent to $4 billion in the quarter to March.