Tag: Indigenisation

Biti has criticised Mugabe's regular and costly foreign excursions

100,000 jobs lost since 2013 vote, says Biti

100,000 jobs lost since 2013 vote, says Biti: FORMER Finance minister Tendai Biti has warned that the country’s economy is “fast tracking into deep-seated economic recession” with the ruling Zanu PF regime “as carefree and indifferent as they are clueless.” Biti, now leader of the opposition People’s Democratic Party (PDP), […]

Government is investigating Murowa Diamonds

Government is investigating Murowa Diamonds

HARARE: Government is investigating the circumstances under which the ownership of Midlands-based gem miner Murowa Diamonds changed hands last year, Parliament heard on Wednesday. As at mid-last year, Rinto Tinto PLC held a 78 percent stake in the Zvishavane based miner while its local unit, Rio Zim, owned the remainder. […]

Chinese ambassador warns Zimbabwe

Chinese ambassador warns Zimbabwe

Chinese ambassador to Zimbabwe Huang Ping has urged Harare to respect a bilateral investment protection pact and safeguard Chinese investors’ lawful rights. The ambassador made the appeal as the Zimbabwean government took steps to consolidate foreign diamond mines and pressed ahead with an indigenisation policy requiring foreign companies to cede majority interests […]