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.
Thu, Feb 25, 2010
Some donors would be willing to cancel Zimbabwe's 5.4 billion dollar foreign debt, if the strained unity government presents a united proposal to settle it, the finance minister said Thursday.
Thu, Feb 25, 2010
HARARE – Indigenisation Minister Saviour Kasukuwere on Wednesday told ZimOnline that regulations to force foreign firms to offload controlling stake to local blacks will come into force next Monday, appearing to brush aside objections to the controversial rules by Prime Minister Morgan Tsvangirai.
Thu, Feb 25, 2010
Harare — Willowvale Mazda Motor Industries is on the verge of collapse after failing to secure US$3,4 million to repay the debt it owes Itochu, a Japanese company, which supplies Mazda kits.
Wed, Feb 24, 2010
Reports said the Reserve Bank ordered US$13 million in maize seed from Seed Co. International in 2007 and 2008, paid US$10 million of that, then failed to pay the balance as promised reports VOA
Tue, Feb 23, 2010
DIVERSIFIED miner African Rainbow Minerals (ARM) was considering an investment in a world-class platinum group metals ore body in Zimbabwe, but was concerned about ensuring that it acquired any assets in that country legally and ethically, chairman Patrice Motsepe said yesterday.
Mon, Feb 22, 2010
Zimbabwe said Monday it would keep foreign currencies as legal tender in the country until 2012, when it expects the economy to have recovered enough to re-introduce the domestic currency.
Mon, Feb 22, 2010
HARARE – Struggling Zimbabwe Electricity Supply Authority (ZESA) Holdings has extended electricity power cuts across the country following the complete loss of power from Hwange Thermal Power Station, the firm said.
Sun, Feb 21, 2010
Harare - China has told the Zimbabwean coalition government not to expect further loans from Beijing until it pays its existing debts, Deputy Prime Minister Arthur Mutambara was quoted as saying Sunday.
Sun, Feb 21, 2010
When outsiders hear news of Zimbabwe, it’s usually tragic: hyperinflation driving the economy into ruin, white farmers beaten and chased off their land, dubious election results keeping Robert Mugabe in power. So when locals say they’re hopeful about the future, you’d be forgiven for being surprised writes Christine Nikol in The Daily Caller.
Fri, Feb 19, 2010
WASHINGTON - 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.
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