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Dubai Defends Being Zimbabwe’s Diamond Lifeline

Dubai Defends Being Zimbabwe’s Diamond Lifeline

A top official in the United Arab Emirates has come to his countrymen’s defense for their decision to purchase rough stones from Zimbabwe, when diamond traders from Western nations complied with sanctions, the Zimbabwe Mail reports. Dubai Multi Commodities Center executive chairman Ahmed bin Sulayem spoke at a conference discussing…

Telecel risk losing its Zimbabwe operating licence

Telecel risk losing its Zimbabwe operating licence

Government says Telecel Zimbabwe risks losing its operating licence if it fails to comply with the Indigenisation and Economic Empowerment Act. As the mobile operator’s saga unfolds, government through the Ministry of Youth Development, Indigenisation and Empowerment has written to the Ministry of Transport, Communication and Infrastructural Development for consideration…

Caledonia Mining attractively priced, says City broker

Caledonia Mining attractively priced, says City broker

Toronto-listed Caledonia Mining Corporation  has pledged to continue to declare dividends on at least an annual basis, after opening its account with a maiden dividend of half a Canadian cent. The dividend, in respect of 2012, will be paid after the implementation of the 1-for-10 share consolidation which will take…

Zimbabwe’s recovery marks another positive step

Zimbabwe’s recovery marks another positive step

The lifting of the majority of European Union (EU) sanctions in Zimbabwe marks another positive step in the African nation’s economy, and promises to boost its businesses. Last week, sanctions including travel bans have were suspended for 81 officials and eight companies. Some sanctions remain for certain individuals and companies,…

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