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AUDIO: Young Zimbabwean Shines at U.S.-Africa Summit, Talks Business With Obama

AUDIO: Young Zimbabwean Shines at U.S.-Africa Summit, Talks Business With Obama

A young Zimbabwean entrepreneur, Takunda Chingonzo, was on the spotlight Tuesday at the U.S.-Africa Business Forum where he asked President Barack Obama to clarify his country’s sanctions targeting President Robert Mugabe and members of his inner circle. Chingonzo, a student at the National University of Science and Technology and co-founder…

Malaysia Airlines plane MH17 with 295 on board ‘shot down’ in Ukraine

Malaysia Airlines plane MH17 with 295 on board ‘shot down’ in Ukraine

A Malaysian Airlines passenger plane has been shot down on the Russian-Ukraine border in an ‘act of terrorism’, killing all 295 people on board including a reported five to ten Britons and 23 Americans. The Boeing 777 aircraft was hit by a sophisticated surface-to-air missile over territory near Donetsk held…

Zimbabwe government takes steps to help expedite USD 300m Kariba Power Plant Expansion

Zimbabwe government takes steps to help expedite USD 300m Kariba Power Plant Expansion

Zimbabwe’s government has taken a big step towards implementation of the Kariba South Hydro Power Station expansion project by setting up a company to take ownership of the plant’s assets, according to the Financial Gazette. The formation of a new firm, called Kariba Hydro Power Company was one of the…

Zimbabwe to amend foreign ownership law – finance minister

Zimbabwe to amend foreign ownership law – finance minister

Government will amend its indigenisation law, which requires foreign owned firms to cede 51 percent shares to local blacks, following a Cabinet decision to revise it to become more investor friendly, finance minister Patrick Chinamasa said in Parliament on Wednesday. Chinamasa did not give specific details on the proposed changes,…

‘We are too small a country to pursue a policy of confrontation’ – Chinamasa

‘We are too small a country to pursue a policy of confrontation’ – Chinamasa

Zimbabwe is ready to fine-tune policies to lure foreign investment instead of enforcing policies that might cause confrontation with foreign investors, the country’s top economic official said Monday. Finance Minister Patrick Chinamasa told an industrial conference in Harare that Zimbabwe is looking for new friendships, new opportunities while consolidating old…

“Suspended” Tsvangirai counters with expulsion of “opportunist” Biti

“Suspended” Tsvangirai counters with expulsion of “opportunist” Biti

Zimbabwe‘s opposition leader Morgan Tsvangirai says his rival Tendai Biti has been expelled from their MDC party, along with eight other members. Mr Biti was an “opportunist” who was being manipulated by President Robert Mugabe‘s Zanu-PF party, he said. On Saturday, a faction led by Mr Biti said Mr Tsvangirai…