Setback for Beitbridge-Chirundu Dualisation

[Financial Gazette] GOVERNMENT has put brakes on the US$3 billion Beitbridge-Harare-Chirundu dualisation project, despite the recent hype around what could be Zimbabwe’s biggest infrastructure project since independence in 1980.

[Financial Gazette] GOVERNMENT has put brakes on the US$3 billion Beitbridge-Harare-Chirundu dualisation project, despite the recent hype around what could be Zimbabwe's biggest infrastructure project since independence in 1980.

source: AllAfrica News: Zimbabwe

Government Admits ‘Printing’ Money

[Financial Gazette] PRESIDENT Robert Mugabe’s embattled administration has for the first time admitted printing money in the form of a virtual currency through the Real Time Gross Settlement (RTGS), acknowledging this cannot be backed by United States dollar bank notes imported by local banks, the Financial Gazette’s Companies & Markets (C&M) can report.

[Financial Gazette] PRESIDENT Robert Mugabe's embattled administration has for the first time admitted printing money in the form of a virtual currency through the Real Time Gross Settlement (RTGS), acknowledging this cannot be backed by United States dollar bank notes imported by local banks, the Financial Gazette's Companies & Markets (C&M) can report.

source: AllAfrica News: Zimbabwe

Trade and Industry On 2017 Zimbabwe International Trade Fair

[Govt of SA] The 2017 Zimbabwe International Trade Fair (ZITF) kicked-off to much fanfare and to greater opportunities of further strengthening bilateral trade relations between South Africa and Zimbabwe, to promote Intra-Africa trade as well as econom…

[Govt of SA] The 2017 Zimbabwe International Trade Fair (ZITF) kicked-off to much fanfare and to greater opportunities of further strengthening bilateral trade relations between South Africa and Zimbabwe, to promote Intra-Africa trade as well as economic integration of the African continent.

source: AllAfrica News: Zimbabwe

Triangle Back Coach

[The Herald] THE management at Triangle have thrown their weight behind new gaffer Taurai Mangwiro and are confident results will come following an indifferent start to the season. Club chairman Lovemore Matikinyidze said they were not pressing the pan…

[The Herald] THE management at Triangle have thrown their weight behind new gaffer Taurai Mangwiro and are confident results will come following an indifferent start to the season. Club chairman Lovemore Matikinyidze said they were not pressing the panic button. Mangwiro joined the Lowveld side at the start of the season when he left his previous job as ZIFA technical director.

source: AllAfrica News: Zimbabwe

Minister Kasukuwere Suspends Entire Town Council

[The Herald] Local Government, Public Works and National Housing Minister Saviour Kasukuwere has suspended Chitungwiza Mayor Phillip Mutoti and all 24 councillors for allegedly corruptly allocating themselves tracts of land worth over $7 million. Chitu…

[The Herald] Local Government, Public Works and National Housing Minister Saviour Kasukuwere has suspended Chitungwiza Mayor Phillip Mutoti and all 24 councillors for allegedly corruptly allocating themselves tracts of land worth over $7 million. Chitungwiza Municipality has 14 MDC-T councillors, including Mayor Mutoti and 11 Zanu-PF councillors. The minister will appoint a three-person caretaker council to clean up the rot in the municipality.

source: AllAfrica News: Zimbabwe

Timber Processing Giant Courts Suitors

[Financial Gazette] THE country’s largest timber processing firm, Allied Timbers Zimbabwe (ATZ), a strategic parastatal sitting on 130 000 hectares of land, is courting suitors to help it construct electricity generation plants at its saw mills across …

[Financial Gazette] THE country's largest timber processing firm, Allied Timbers Zimbabwe (ATZ), a strategic parastatal sitting on 130 000 hectares of land, is courting suitors to help it construct electricity generation plants at its saw mills across the country using bio waste.

source: AllAfrica News: Zimbabwe

Premier League in Stadium Headache

[The Herald] JUST five weeks into the 2017 season the Premier Soccer League have been thrown into a quandary with their fixtures facing a massive disruption again following a decision by the Ministry of Local Government, Public Works and National Housi…

[The Herald] JUST five weeks into the 2017 season the Premier Soccer League have been thrown into a quandary with their fixtures facing a massive disruption again following a decision by the Ministry of Local Government, Public Works and National Housing to temporarily close the National Sports Stadium from any football activities. The domestic Premiership has already suffered from the closure for renovations of Rufaro, which is expected to open its doors in two weeks time and Gwanzura, forcing Harare's five clubs -- B

source: AllAfrica News: Zimbabwe

Bank, Businessman Tussle Over Property

[Financial Gazette] THE High Court has temporarily stayed the auctioning of a property that a Mutare businessman allegedly used as collateral to access a loan from a commercial bank way after he had sold it.

[Financial Gazette] THE High Court has temporarily stayed the auctioning of a property that a Mutare businessman allegedly used as collateral to access a loan from a commercial bank way after he had sold it.

source: AllAfrica News: Zimbabwe