Zimbabwe has invited bids to buy stakes in up to eight parastatals, including telecomms firms, Air Zimbabwe, Zesa Holdings and the National Railways of Zimbabwe and is selling off its shareholdings in other private firms in a bid to plug its ballooning budget deficit.
The Zimbabwe Stock Exchange recorded its highest annual turnover since dollarisation in 2009, amounting to $694.8 million in 2017 after a huge sell-off in November as former president Robert Mugabe’s 37-year grip on power came to an end.
Information Communication and Technology Minister Supa Mandiwanzira is in a tight spot following reports that prosecutor-general Ray Goba has written to the Zimbabwe Anti-Corruption Commission for an update on investigations into allegations of corruption and abuse of office levelled against him by former Netone chief executive Reward Kangai.
As the military strengthens its position and promises of cash come in, ZANU-PF is confident of winning national elections, Africa Confidential reports.
First Lady Auxillia Mnangagwa has received praise from a strange quarter- Tsitsi Masiyiwa, wife of Zimbabwe’s richest man Strive, owner of the Econet group of companies.
The Zimbabwe Stock Exchange All Shares index started the year in the red after dropping 2.15 percent to settle at 97.95 points with some heavyweight counters slipping.