Tue, Feb 23, 2010
Zimbabwean legislation signed into law two weeks ago compelling companies with assets worth more than $500,000 to be 51 percent black-owned has confused investors and should be changed, Energy and Power Development Minister Elias Mudzuri said.
Mon, Oct 26, 2009
Zimbabwean police arrested two officials from the National Association of Non-Governmental Organizations for allegedly holding an illegal political meeting.
Fri, Sep 18, 2009
Zimbabwe plans to implement “rational” mining royalties and taxes and to deregulate mineral marketing to attract as much as $16 billion in investment by 2018, Prime Minister Morgan Tsvangirai said.
Tue, Oct 06, 2009
Kingdom Financial Holdings Ltd. may trade shares in Zimbabwe, South Africa and the U.S. after its separation from Meikles Africa Ltd. is complete, Chief Executive Officer Nigel Chanakira said today.
Tue, Nov 03, 2009
(Bloomberg) -- Zimbabwe stocks may rise 70 percent by 2011 as the country recovers from the world’s worst peace- time recession, according to Renaissance Capital.
Fri, Mar 26, 2010
(Bloomberg) -- Zimbabwe shares posted their longest 2010 rally as the government reviews forcing companies to transfer ownership to black citizens. Exotix USA Inc. and Kingdom Stock Brokers Ltd. said further gains may be limited.
Fri, Jan 15, 2010
The future of Zimbabwe’s central bank is in doubt because of a lack of funds from the Treasury, an official said.
Tue, Feb 09, 2010
Harare - White business executives in Zimbabwe will be forced to ensure that blacks have a 51-per-cent controlling interest in their companies within the next five years, according to a draconian new law published Tuesday.
Tue, Feb 09, 2010
(Bloomberg) -- Zimbabwe is facing corn and wheat shortages after a prolonged period of dry weather, the U.S. Department of Agriculture’s Foreign Agricultural Service said in a report.
Thu, Feb 18, 2010
Zimbabwe will reconsider legislation aimed at forcing companies to sell more than half of their assets to black investors after the law frightened off investors, acting Prime Minister Thokozani Khupe said.
Mon, Mar 01, 2010
Tongaat Hulett Ltd., South Africa’s second-biggest sugar producer, considers Zimbabwe “still very turbulent” and isn’t able to predict how long it will take to meet its goal of higher output there, according to Peter Staude, the company’s chief executive officer.
Wed, Mar 24, 2010
March 24 (Bloomberg) -- South African President Jacob Zuma urged Western nations to lift targeted sanctions against Zimbabwean President Robert Mugabe and his allies, saying they were undermining the nation’s coalition government
Wed, Apr 21, 2010
Zimbabwe’s coal-fired Hwange power plant is expected to start operating at full capacity by October, Namibian Energy Minister Isak Katali said.
Thu, May 13, 2010
About 25,000 Zimbabwean miners began a nationwide strike to demand higher wages, the Associated Mineworkers Union of Zimbabwe said.
Thu, May 13, 2010
Delta Corp., Zimbabwe’s biggest brewer, profit for the year through March surged more than sixfold to $33.5 million.
Mon, May 17, 2010
Impala Platinum Holdings Ltd., the world’s second-largest producer of the metal, will push ahead with a $500 million expansion in Zimbabwe even as talks with the government about black-ownership rules continue.
Sun, Jun 20, 2010
JOHANNESBURG - Old Mutual Plc, the biggest insurer in South Africa, said it’s reviewing its stake in scrap metal recycler New Reclamation Group Ltd. which agreed to mine diamonds from Zimbabwe’s Marange deposit in a venture with the government.
Sun, Jul 04, 2010
THE Constitution Parliamentary Committee (Copac) yesterday said it was investigating reasons for the low turn-out at its outreach meetings in Mashonaland East as the crucial phase to review the country’s supreme law continued to stutter.
Mon, Jul 26, 2010
Zimbabwe may water down a demand that foreign companies hand over majority stakes in their local operations to black investors, instead asking that they sell 15 percent holdings and invest in social programs, the country’s Chief Mining Commissioner said.
Tue, Aug 03, 2010
The Zimbabwe Electricity Supply Authority plans to increase power production this month after completing repairs to a generator at the Hwange plant.
Mon, Aug 16, 2010
Zimbabwe’s economy may be double the size estimated by the International Monetary Fund, making the stock market’s value of $3 billion look “cheap,” Imara Asset Management Zimbabwe Chief Executive Officer John Legat said.
Wed, Aug 18, 2010
Tobacco-seed sales in Zimbabwe increased 66 percent from a year earlier as of Aug. 1, the Tobacco Industry and Marketing Board said.
Wed, Aug 18, 2010
Delta Corp., Zimbabwe’s biggest brewer, said full-year profit surged more than sevenfold as beer sales jumped.
Sun, Sep 05, 2010
NMDC Ltd., Asia’s third-biggest iron-ore producer, is considering investing in Potash One Inc.’s mining project in Canada, and a rock phosphate venture in Zimbabwe as part of a plan to expand into fertilizers.
Mon, Oct 04, 2010
ZIMBABWE should hold at least 1,100 public debates on a new constitution again after security forces attacked or threatened participants, said a leader of the discussions in the Movement for Democratic Change.
Wed, Nov 03, 2010
-- The Kimberley Process, the global body that monitors sales of so-called conflict diamonds, may decide today whether Zimbabwe can export gems from its Marange diamond fields, Chairman Boaz Hirsch said.
Thu, Dec 02, 2010
At least 21 newborn babies died in a five-month period at a settlement outside Zimbabwe’s capital for people made homeless by a slum-clearing exercise by the government in 2005, Amnesty International said.
Mon, Dec 13, 2010
Zimbabwe’s economy will expand by about 8 percent this year and growth may accelerate to more than 10 percent for the next five years, President Robert Mugabe said.
Mon, Jan 31, 2011
Zimbabwe’s President Robert Mugabe intends to abandon talks over a new constitution and call elections in June after deploying troops to intimidate voters into supporting him, three members of his party’s decision- making body said.
Fri, Dec 17, 2010
The U.N. General Assembly unanimously agreed Thursday to strengthen global efforts to curb the trade in so-called blood diamonds, saying better enforcement and reporting can help end violent conflicts fueled by illegal exploitation of the rough gems.
Tue, Dec 28, 2010
Enos Chikwere spills nine uncut diamonds from a bag at Restaurante Piscina in Mozambique near the Zimbabwe border and says they’re worth $75,000.
Wed, Jan 12, 2011
- Tongaat Hulett Ltd., South Africa’s second-largest sugar producer by market value, cut production forecasts for Zimbabwe and Mozambique in the financial year through March 2012.
Mon, Feb 07, 2011
Production from Zimbabwe’s Marange diamond fields is about one million carats a month, said Chaim Evan-Zohar, president of Tacy Ltd., citing information he got from a government official.
Sun, Jun 12, 2011
U.S. Secretary of State Hillary Clinton, sharpening her criticism ofChina, said the world’s second-biggest economy was doing everything to “stifle the Internet” and displaying traits of “new colonialism” in Africa.
Sun, Jun 12, 2011
U.S. Secretary of State Hillary Clinton, sharpening her criticism ofChina, said the world’s second-biggest economy was doing everything to “stifle the Internet” and displaying traits of “new colonialism” in Africa.
Mon, Jun 20, 2011
Zimbabwe will resist any “special monitoring” of exports of gems from the Marange diamond fields beyond the Kimberley ProcessCertification Scheme, said Mines Minister Obert Mpofu.
Wed, Jun 29, 2011
Human Rights Watch called on governments, companies and consumers to refuse to buy Zimbabwe diamonds until all members of the Kimberley Process Certification Scheme agree the country is protecting people’s rights.
Thu, Sep 08, 2011
Impala Platinum Holdings Ltd. (IMP)’s Zimbabwean unit proposed that an independent arbitrator be approached to resolve a dispute over ownership that could see the company lose its license to mine in the country.
Mon, Sep 12, 2011
Rio Tinto Plc (RIO)’s Murowa diamond mine has been eclipsed as Zimbabwe’s largest gem producer by Mbada Mines (Pvt) Ltd. after the closely held miner increased output, according to its chairman, Robert Mhlanga.
Mon, Jan 02, 2012
Zimbabwe’s electricity demand is projected to increase 29 percent this year, boosted by the mining industry, the state power utility said.
Sat, Feb 25, 2012
(Bloomberg) -- Aquarius Platinum Ltd., the fourth- largest producer of the metal, fell to a 39-month low in Johannesburg as Zimbabwe rejected a joint proposal with Impala Platinum Holdings Ltd. to meet local ownership rules.
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