Archive for Category: "Business"
IMF restores Zim voting rights after 7 yrs
WASHINGTON, Feb 19 (Reuters) – International Monetary Fund member countries on Friday restored Zimbabwe’s voting rights after a seven-year suspension but said it could not have access to IMF funds until it had paid off $1.3 billion in arrears. While the move is more symbolic, it is also a step by the international community to [...]
Court blocks govt mining in Marange
HARARE — Zimbabwe’s Supreme Court has ordered two government mining firms to stop operations on British-owned diamond mining fields plagued by human rights abuses, state newspapers reported Thursday. The case was brought to the court by British-based African Consolidated Resources (ACR) in a bid to win back its mining rights which were suspended in 2006. [...]
Numbers up, tools down
By Jason Moyo The answer to the question of how Zimbabwe’s economy has fared under its unity government lies somewhere between its much improved economic data, and the growing frustration of the country’s workers. The statistics tell a story of a remarkable recovery from years of decay, but a crippling strike by government workers shows [...]
Zanu PF’s Indigenisation Bill criminal
The MDC dismisses the clandestine and nicodemous gazetting of regulations calling for all foreign investors to cede 51 percent of their investment to ‘indigenous people.’ Minister Saviour Kasukuwere, whose ministry is yet to explain how it illegally foisted 13 000 Zanu PF youths on the government payroll, has decided to rail-road controversial, anti-investment regulations without [...]
Judge tells SA to pay for Mugabe sins
By Karen Breytenbach The South African government has been hauled over the coals by a Pretoria High Court judge for not protecting its citizens from Robert Mugabe’s land expropriations. The government was ordered to pay damages to a South African farmer to whom it failed to provide diplomatic protection after Mugabe’s government seized 11 of [...]
Police grab diamonds from central bank
Harare – A 29kg consignment of diamonds from Zimbabwe’s controversial Chiadzwa diamond field has disappeared after being removed on Thursday night by police from the central bank, in violation of orders by the country’s supreme court, lawyers said at the weekend. The incident is the latest turn in the long-running legal dispute between British-registered mining [...]
Rio Tinto's diamond chief heads to Zim
Mining giant Rio Tinto is content with its Zimbabwe diamond operation and intends to push forwards with the Murowa venture, Harry Kenyon-Slaney, Rio’s chief executive of diamonds and minerals said. Speaking at the Mining Indaba conference, Kenyon-Slaney told Mining Weekly that he would be visiting Zimbabwe this week in order to meet with local [...]
Zanu PF faction behind ACR office attack
Harare – The Zimbabwe Mail can reveal that the armed group behind the attack on a British-Diamond company African Consolidated Resource’s (ACR) in Harare on Tuesday night belongs to a Zanu PF faction led by Retired Army General Solomon Mujuru, a Senior Zanu PF source said last night. State media linked the incident to much-publicised [...]




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