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Robert Mugabe, 92, endorsed by party to stand in 2018 presidential election

Robert Mugabe, 92, endorsed by party to stand in 2018 presidential election

Zimbabwe’s ruling party has confirmed that president Robert Mugabe will be its candidate for the 2018 presidential election. That means that the 92-year-old Mugabe will run for re-election at 94, and a win would put him in power until age 99. He has been the only leader Zimbabwe has known…

Why Zimbabwe should be your next holiday destination

Why Zimbabwe should be your next holiday destination

Last month, after years of discussion and a £120 million loan from China, Zimbabwe’s Victoria Falls International Airport was finally opened by President Robert Mugabe. There are no direct flights from the UK as yet, but with a runway capable of handling the world’s largest planes, plus 28 aircraft docking bays…

It’s business as usual with Zimbabwe’s bond note, for now

It’s business as usual with Zimbabwe’s bond note, for now

It has been over two weeks since the Reserve Bank of Zimbabwe (RBZ) released its controversial bond note into the market at a denomination of $2, and the initial protests and public uproar have died down with consumers heading into the festive season. As economist John Robertson, managing director at…

There are barriers, but investing in Zimbabwe could pay off long term

There are barriers, but investing in Zimbabwe could pay off long term

The evidence of Zimbabwe’s ailing economy is everywhere: massive unemployment, numerous companies going to the wall each month, a weak annual economic growth rate, and high day-to-day living costs, writes Bill Corcoran. Since President Robert Mugabe’s Zanu-PF party won the 2013 general election, a relatively stable economy has begun to decline, to…

Mwana Africa’s Chinese non-exec sells shares, as court puts on hold proceedings on his petition

Mwana Africa’s Chinese non-exec sells shares, as court puts on hold proceedings on his petition

Mwana Africa (LON:MWA) has told investors that non-executive director Ning Yat Hoi and China International Mining Group Corporation (CIMGC) have disposed of around half their shareholdings. In a stock market statement Mwana said that Ning and CIMGC had sold 81.4mln and 106.2mln shares respectively at a price of 1.8p per…