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Air Zimbabwe deny buying new planes

Air Zimbabwe board chairman Jonathan Kadzura has dismissed reports that the embattled airline purchased state-of-the-art aircraft from a French aircraft manufacturer, in a deal estimated at US$500 million.

Zimbabwe’s year-on-year inflation rate up

Zimbabwe's year-on-year inflation rate for the month of July went up 0,4 percentage points to 3,3 percent from 2,9 percent the previous month. Year-on-year food and non-alcoholic beverages inflation, prone to transitory shocks, stood at…

Muponda hands himself over to police in Zim

Collapsed ENG Asset Management director Gilbert Muponda, accused of swindling the firm of over ZW$61 billion in depositors' funds in 2003, handed himself over to police on Wednesday and was subsequently remanded in custody when he appeared…