Business

Parliament is set to grill controversial Mines Minister Obert Mpofu over stunning allegations that he demanded a staggering $10 million bribe to grant diamond mining concessions in Chiadzwa to a local consortium and a South Africa-based…
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The discovery of massive diamond deposits in Zimbabwe has led to hundreds of media reports exploring the abuse of human rights and grandscale corruption. It can be difficult to keep up to date with events as they unfold, or to tease out the…
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KINSHASA — The Kimberley Process watchdog on Tuesday authorised the resumption of diamond sales from two mining sites in Marange, Zimbabwe, where alleged rights violations took place. Zimbabwe conducted a KP-monitored sale last year…
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Presentation to Parliament on the state of the diamond extractions at Marange and in support of a motion on the subject submitted for debate to the Zimbabwe House of Assembly by Eddie Cross, MDC-T MP for Bulawayo South.
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Tempers flared at a meeting called yesterday to discuss the state of affairs of the Affirmative Action Group with the empowerment lobby's former president Supa Mandiwanzira and his deputy Temba Mliswa engaging in a furious verbal exchange.
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Government is set to take over Air Zimbabwe's US$140 million debt, although with plans to liquidate it over time, while working on cutting the airline's staff and finding a strategic partner to buy into the national airline.
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The return of Philip Chiyangwa to the helm of the Affirmative Action Group (AAG) has been linked to the muffled Zanu PF succession debate with young turks led by Indigenisation minister Saviour Kasukuwere cultivating the empowerment lobby…
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The first hearing focused on KISS FM, a Hot Media project. The directors include musician Oliver Mutukudzi, journalists Musi Khumalo and Tony Ndoro, public relations guru Sharon Mugabe and business chef Douglas Munatsi, who runs BancABC.
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Consultations for the 2012 National Budget have begun, with participants generally calling for increased social spending. This particularly relates to the need for equitable job creation, and improvement in wages.
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Rio Tinto has told Zimbabwe's government it will give up a 51 percent stake in its local diamond unit Murowa, state media reported on Saturday, making it the first foreign-owned firm to voluntarily comply.
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