Zimbabwe’s trade deficit narrowed by 27 percent to $1.3 billion in the first eight months of the year, after exports increased by 48 percent, latest trade data from the statistics agency shows.
Egypt-based Afreximbank is lead arranger for a $1.8 billion loan to help Zimbabwe clear arrears at the World Bank and African Development Bank, the state-owned Herald newspaper said yesteerday, citing the country’s finance minister.
President Robert Mugabe yesterday officially became the third longest serving non-royal ruler in the world replacing Angolan President Jose Eduardo dos Santos who stepped down to give way to Joao Lourenco.
A Harare magistrate today ordered the release of activist pastor Evan Mawarire without any conditions after it established that he was not brought to court within the mandatory 48 hours.
State-owned fixed line operator Telone says it is in a renewed drive to increase its subscriber base in order to grow the company’s revenues and return to profitability.
Hospitality and retail group Meikles Limited will open up to new investors its hospitality, agriculture and stores divisions as the group restructures to improve operational efficiency, Chairman John Moxon said today.