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Business , Financial and Property Indaba

EU To Revise Zimbabwe Sanctions

by Radio VOP

Tue, Jan 05, 2010

Harare, - The European Union (EU) next month will meet to revise targeted sanctions and travel restrictions on President Robert Mugabe and his cronies in line with how the unity government has been implementing outstanding issues in the Global Political Agreement (GPA), a senior diplomat said Monday reports Radio VOP.

Nestlé resumes dairy operations in Zimbabwe

by Special correspondent

Tue, Jan 05, 2010

Nestlé has resumed its operations in Zimbabwe following the suspension of its activities last month over a dispute on buying milk from suppliers linked to the wife of President Robert Mugabe.

ZESA ordered to stop energy exports to Namibia

by Zimonline

Tue, Jan 12, 2010

HARARE – Energy Minister Elias Mudzuri on Monday said he ordered the country’s power utility – Zimbabwe Electricity Supply Authority (ZESA) – to stop exporting power to Namibia since the Hwange power station was not working properly.

EIU says too much talk from Harare

Mon, Jan 11, 2010

HARARE - The new regime in Harare risks tracing the footsteps of the previous Zanu (PF)-controlled administration, with a London-based think-tank expressing misgivings about the credibility of and inconsistencies in some of the economic programmes pursued by the coalition government.

Econet exceeds 3 million subscribers in Zimbabwe

by IT News Africa

Wed, Jan 06, 2010

Econet Wireless Zimbabwe (EWZ) has emerged as the country’s leading cellular telephone operating company in the country. Information made available by the company shows it has a subscriber base that exceeds 3 million subscribers in Zimbabwe.

U.S. counterfeit dollar dealers arrested in Zimbabwe and Zambia

by Staff reporter and agencies

Wed, Jan 06, 2010

Counterfeit United States Dollars are in huge calculation in most African countries as hardly a month passes by without arrests. Tuesday morning, both Zambian and Zimbabwean authorities announced arrests involving huge sums of counterfeit notes.

Foreign Investors Allowed to Keep 100 Pct Shareholding in Zimbabwe

by XINUA

Wed, Jan 06, 2010

Foreign investors can own up to 100 percent shareholding of their companies, depending on the merit of their proposals, a Zimbabwean cabinet minister said on Wednesday.

New cellular phone brand conquers Zimbabwe

Tue, Jan 05, 2010

Zimbabwe has been flooded by a relatively new cellphone brand called the G Tide. Most cellular phone dealers in the capital Harare, as well as in Bulawayo have stocked the brand, selling at half the price of a Nokia phone.

EU To Revise Zimbabwe Sanctions

by Radio VOP

Tue, Jan 05, 2010

Harare, - The European Union (EU) next month will meet to revise targeted sanctions and travel restrictions on President Robert Mugabe and his cronies in line with how the unity government has been implementing outstanding issues in the Global Political Agreement (GPA), a senior diplomat said Monday reports Radio VOP.

Govt Sets Aside Funds to Bail Out Distressed Firms

by The Herald

Mon, Jan 04, 2010

Harare — GOVERNMENT has earmarked part of the US$510 million International Monetary Funds to bail out strategic distressed companies, Finance Minster Tendai Biti has said.

With Assurances From Zimbabwe Government, Nestle Resumes Operations

by VOA

Fri, Jan 01, 2010

A Nestle spokeswoman said Industry Minister Welshman Ncube gave the multinational a written assurance that the government will see to the security of staff and prevent interference in Nestlé's activities reports VOA.

Zimbabwe Government to Set Up Economic Crimes Courts to Counter Corruption

by VOA

Thu, Dec 31, 2009

The courts will work closely with the Anti-Corruption Commission in an effort to curb fraud, graft and other forms of corruption, according to an economic blueprint issued last week by Finance Minister Tendai Biti