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RBZ imposes cash withdrawal limits
HARARE – Reserve Bank of Zimbabwe governor Gideon Gono has imposed daily cash withdrawal limits of $10 000 on individual transactions. The announcement by the central bank comes on the back of a liquidity crunch.
Emirates makes maiden flight into Zimbabwe
EMIRATES Airlines made a grand entrance into the Zimbabwean airspace yesterday at a colourful event witnessed by hundreds of on-lookers at the Harare International Airport. The crowd, including travellers and spectators, cheered as the Airbus 330-200 touched down shortly after 4pm.
Zimglass set to resume operations in April
GWERU- The country’s sole glass manufacturer, the Zimbabwe Glass Industries (Zimglass) is set to resume operations in April after the company secured funding to refurbish its furnaces.
Diamonds to fund student grants in Zim
Zimbabwe’s government plans to use some of the revenue from the sale of its rough diamonds to reinstitute grants for students, the University World News reports.
Debt ridden Air Zimbabwe faces liquidation
HARARE- State owned Air Zimbabwe has been placed under judicial management after its debt rose to $140 million leaving it facing possible liquidation. On Friday, the High Court appointed a judicial manager and barred the Air Zimbabwe board from any involvement with the company.
Shocking food and car duty increase by Zimra
HARARE – Food prices and other basic commodities are set to increase following an announcement by the Zimbabwe Revenue Authority that a 25 percent surtax would be charged on the commodities starting January 1.
White farmer and war vet behind Chiredzi ranch invasions
CHIREDZI- A white farmer named Ken Drummond is reported to have teamed up with war vet Francis Zimuto, who calls himself Black Jesus, and the unlikely duo are alleged to be intimidating the remaining white farmers in the Chiredzi and Hippo Valley area, taking over properties illegally.
Police fight running battles with gold panners
KWEKWE- Police and illegal panners are engaged in furious running battles here following the invasion of Sherwood Farm by panners searching for alluvial gold. The injured were admitted at Kwekwe General Hospital. Police have, however, denied reports of fatalities saying only two suspected gold panners were injured.
Is Amazon discriminating against Africans?
DAKAR- Zimbabwe’s ambassador to Senegal turned to social networking sites Facebook and Twitter on Monday complaining that Africans who want to purchase Kindle books are not able to so and are being discriminated against.
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