Fuel supplier, Sakunda Holdings, which financed government’s command agriculture special maize production programme, says it has roped in a consortium of local banks to help fund the scheme over the next three years.
Hwange Colliery Company says its production for May rose by over 200 percent to 170 000 tonnes, from 52 000 tonnes in April after shareholders approved a debt repayment scheme which saved the miner from going under.
The former chief executive of Premier Services medical Aid Society Cuthbert Dube who was earning a staggering US$236 000 and was entitled to a loan twelve times his monthly salary was cleared of any wrongdoing by the Zimbabwe Anti-Corruption Commission.
Farm workers and employers have agreed on a salary increment of 4.2 percent or $3 for 2017, which will see the lowest earner being paid $75 per month effective this month.
The Reserve Bank of Zimbabwe has approved the sale of nearly 50 percent of Vast Resources shares in its Zimbabwe operations to a Mauritian investment company.
The Zimbabwe Stock Exchange’s market capitalisation reached $5 billion today after the industrial index rallied by 0.65 percent to close at 171.48 points, its highest since September 30, 2014.
Zimbabwe received 2.1 million tourists in 2016, up from 2.06 million in the previous year and earned the country $890 million, latest statistics released by the Zimbabwe Tourism Authority show.
Zimbabwe’s biggest chicken breeder, Irvine’s today said it had detected and contained an avian influenza outbreak at one of its properties.