Business

The price of fuel has gone up by between US5 cents and US10 cents on the back of a surge on the international market. Petrol now costs between US$1,48 and US$1,65 per litre depending on location, while diesel is now selling at between…
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A man went into a supermarket to buy his lunch. His bill came to $4.85, and he handed over a $5 note. There was no change so he had to either pick three sweets or three packs of condoms instead.
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HARARE- Soldiers guarding the $80-million National Defence College currently under construction near Marlborough in Harare yesterday barred former construction workers from demonstrating against illegal termination of their contracts by…
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HARARE - Flashy businessman Phillip Chiyangwa’s dreams of building a residential estate to rival Harare’s famous Borrowdale Brooke have been shattered. This follows the sale of a huge portion of Carey Farm to a group of new investors by the…
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Legal wrangles over the ownership of Shabanie Mashaba Mines are stalling the revival of the once vibrant asbestos mining firms, a Cabinet minister has said. Mines Minister Obert Mpofu last Friday said the government-controlled Zimbabwe…
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Government on Thursday took over all foreign mining firms that have not complied with the Indigenisation and Empowerment law to dispose 51% shareholding to locals. But, Prime Minister Morgan Tsvangirai immediately rebuffed the claims and…
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The discovery of diamonds in June 2006 by villagers in the Marange area in rural Chiadzwa, 90km southwest of Mutare, has been a mixed blessing for Zimbabwe.
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HARARE- The Israeli pilot who was allegedly found with US$2 million worth of diamonds yesterday pleaded not guilty to unlawful possession of the gems and entry into Zimbabwe by evasion. Shmuel Kainan Klein (58) appeared before a Harare…
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It is also crucial to evaluate the implementation of the Kinshasa agreement reached between Zimbabwe and the Kimberly Process in Kinshasa in November 2011 in light of the continuation of massive smuggling of diamonds.
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HARARE- Energy and Power Development minister Elton Mangoma came under fire from President Robert Mugabe and Zanu PF cabinet ministers at a high-level meeting on Tuesday over leaked Zimbabwe Electricity Supply Authority (Zesa) bills.
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