After three dark years, Zimbabwe’s biggest agricultural implements maker, Zimplow is back in the black, leaner and more efficient after taking the pain of restructuring and cost cuts.
Rainbow Tourism Group shareholders bought 56.52 percent of the hotelier’s rights offer and linked debentures aimed at raising $22.5 million to restructure its balance sheet and lower debt.
The National Social Security Authority (NSSA) says that government is the biggest debtor, owing the institution more than $3.5 million.
One of Zimbabwe’s longest surviving opposition parties, the Zimbabwe African National Union-Ndonga has been dissolved and its members have been called upon to join ZANU-PF.
The Zimbabwe Electoral Commission says although the President has the prerogative to proclaim general elections, the constitution says they must be held between 21 July and 21 August unless Parliament is dissolved in terms of the Constitution.
The Minerals Marketing Corporation of Zimbabwe (MMCZ) says it has sold 51 million carats of diamonds in the 11 years to 2017 valued at $2.4 billion.