The Movement for Democratic Change-Tsvangirai Youth Assembly today accused President Robert Mugabe of stealing a huge chunk of the $15 billion that he said was missing from the country’s diamond proceeds.
Broken chair The Sunday Times today reported that Zimbabwe’s First Lady Grace Mugabe went on a rampage when she was called to the hotel where her two sons were and it took security guards an hour before they could escort her and her entourage off the premises.
Regional cement maker Pretoria Portland Cement (PPC) says its Zimbabwe operation recorded double digit volume growth in the quarter ended June, attributable to investment in the Harare mill.
Arise, an investment company formed by the Norwegian Investment Fund (Norfund), Netherlands Development Fund (FMO) and Dutch commercial bank Rabobank has taken a nearly 18 percent stake in Zimbabwean bank NMBZ Holdings.
Zimbabwe’s largest financial group, CBZ Holdings has reported an after tax profit of $12 million in the six months to June which is largely flat when compared to $11.9 million achieved in the same period last year.
The cost of poultry products is seen rising following the outbreak of avian influenza in Zimbabwe that has led to a drop in the availability of broiler chicks by nearly 500 000 per week, according to an industry report.