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Mugabe rules out exception for foreign firms

Mugabe rules out exception for foreign firms

ZIMBABWEAN President Robert Mugabe said Sunday that no sector would be spared from the indigenisation law, quashing media reports that platinum miners could be exempted from the rule if they establish a refinery. Zimbabwe’s law enacted in 2010 requires foreign businesses operating in the country to cede at least 51 percent […]

Zim government appears on the verge of a UN bailout

Zim government appears on the verge of a UN bailout

THE United Nations (UN) could soon bail out Zimbabwe after Harare asked the organisation to scale down its humanitarian projects and fund the ZANU PF government’s economic revival programmes. ZANU PF’s economic revival blue print, the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim Asset), which has been struggling to secure funding, […]

Mugabe: ‘Be wary of unbridled ambitions’

Mugabe: ‘Be wary of unbridled ambitions’

THE following is a transcript of Zanu-PF President and First Secretary His Excellency Cde Robert Gabriel Mugabe’s speech to the Central Committee at the ongoing 15th National People’s Conference yesterday. Cde Vice President and Second Secretary Emmerson Mnangagwa, Cde Vice President and Second Secretary Phelekezela Mphoko, The Secretary for Administration Cde […]

China deals: No quick joy, Mugabe warns

China deals: No quick joy, Mugabe warns

ZIMBABWEANS struggling in a faltering economy should not expect immediate relief from the deals the country recently concluded with China, President Robert Mugabe has warned. The veteran leader recently played host to Chinese leader President Xi Jinping and, according to state media, signed 10 investment deals with more than US$1 […]