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News about Zimbabwe: Business, Investment, and Trade Weekly – Issue November 26, 2011

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11/21/2011
Reuters AfricaZimbabwe: Shared Security for Country's FutureAllAfrica.comOr is Minister Biti such a conscientious student of the failed economic structural adjustment programme introduced to Zimba more…
11/21/2011
The Zimbabwe GuardianZimbabwe financial services secure from external shocksThe Zimbabwe GuardianThe fact that Zimbabwe's economy is largely dollarised means the Government is constrained in contr more…
11/21/2011
BusinessLIVEOne Million Zimbabweans Need Food AidVoice of AmericaWorld Food Program director in Zimbabwe, Felix Bamezon, said some families are already skipping meals and reducing their portion sizes. more…
11/22/2011
ZimEye ZimbabweZimbabwe: Bulawayo Market Traders Forced to Attend Zanu-PF MeetingAllAfrica.comSaungweme returned to the market on Monday and found that business had returned to normal. But he said the more…
11/22/2011
Zimbabwe: AMA Bills Way Below US$20 Million TargetAllAfrica.comAnalysts added that the market would continue to be dominated by short-term investments until liquidity conditions improve. Zimbabwe face more…
11/22/2011
Rapaport Group Calls on Diamond Trade to Avoid Marange DiamondsMarketWatch (press release)It is likely that they will be used to fund human rights violations in Zimbabwe. The Rapaport Group calls on a more…
11/23/2011
Zimbabwe retailer OK H1 earnings up 1167 pctReuters AfricaZimbabwe's retail sector is one of the fastest growing in an economy that is recovering under a coalition government formed two years ago more…
11/23/2011
Zimbabwe: Another Tough Financial Year for Amalgamated Regional TradingAllAfrica.comDespite struggling since dollarisation, going forward, ART still has underlying profitable business, Chloride, Batte more…
11/23/2011
The ZimbabweanZimbabwe: Infrastructure Development Bank Secures US $30 Million Loan FacilityAllAfrica.comTHE Infrastructure Development Bank has secured a US$30 million facility for small and medium-s more…
11/23/2011
Zimbabwe: Harare Man Defrauds Business PartnersAllAfrica.comA Harare businessman has been arraigned before the courts on allegations of fraud after he swindled his business partners of more than US$14 more…
11/23/2011
Zimbabwe: Indigenisation, Economic Empowerment Real DemocracyAllAfrica.comI stopped reading when I got to the bit about economic sanctions on 'the people of Zimbabwe' – you know as well as I d more…
11/23/2011
Industry development on the cardsThe ZimbabweanDeputy Minister for Industry and Commerce, Mike Bimha, told villagers at the official launch of Nharira Dairy Cooperative that the government was proposi more…
11/23/2011
Abasekeli beZanu PF Babamba Ngamandla Izakhamizi Ukuthi Zihlawule Imali …Voice of AmericaNgolweSithathu, 23 Lwezi 2011 Abasekeli beZanu PF Babamba Ngamandla Izakhamizi Ukuthi Zihlawule Imali Yomhlan more…
11/24/2011
Zimbabwe: Biti Reneges On Provision of Tertiary Grants, LoansAllAfrica.comTHE Ministry of Finance has failed to release all the money for grants and loans to be given to students provided for in this more…
11/24/2011
Zimbabwe: Country Set to Maintain Single-Digit InflationAllAfrica.comZimbabwe has begun to experience a dissipation of underlying inflationary pressures in the economy and looks set to maintain single more…
11/24/2011
Zimbabwe: Govt, Essar Should Aim to Restore Industrial GloryAllAfrica.comThe reserves are believed to be the largest in the world and are held by Buchwa Iron Mining Company now called New Zimbabwe Min more…
11/24/2011
Zimbabwe: MTP Vital for Economic GrowthAllAfrica.comIts major objectives include sustainable economic growth and development, poverty reduction, employment creation, price stability, financial stabili more…
11/24/2011
Zimbabwe: Nationalism Grips World's MinesAllAfrica.comHowever, the principal idea behind the programme, in terms of the local mining sector, is that Zimbabweans should benefit from the exploitatio more…
11/24/2011
Zimbabwe: OK Reports Increase in Profits, SalesAllAfrica.comOK Zimbabwe has reported an increase in both profits and sales for six months to September, due to prevailing stability of the economy. The more…
11/24/2011
Zimbabwe: Maxwell Urges Leadership GrowthAllAfrica.comINTERNATIONAL leadership expert Dr John C. Maxwell has urged Zimbabwean business leaders to move beyond "positional leadership" in order more…
11/24/2011
Zimbabwe: Rufaro Marketing Changes FocusAllAfrica.comTwenty-five retail outlets out of 131 would be leased out to TN Financial Holdings, which is said to be planning to roll out its furniture and bank more…
11/24/2011
AFPZimbabwe economy to grow by 9.4%: ministerAFPHARARE — Zimbabwe's economy is expected to grow 9.4 percent next year, Finance Minister Tendai Biti told parliament Thursday in presenting the bud more…
11/24/2011
Zimbabwe: Politics of Equality and JusticeAllAfrica.comToday, Zimbabwe seeks equality in the economic sector by increasing local ownership in business and commerce. When we have a debauched political more…
11/24/2011
AFPZimbabwe sees '$600mn boost' from diamond salesAFPHARARE — Zimbabwe's government expects to take in $600 million in additional revenue from diamond sales next year, after a global wat more…
11/24/2011
Zimbabwe sees strong 2012 growth, hikes mine feesReuters AfricaHARARE (Reuters) – Zimbabwe's economy is likely to continue its strong recovery next year from a decade of decline to expand by 9.4 p more…
11/24/2011
Zimbabwe expects $600 million from diamondseTaiwan NewsAP Zimbabwe's finance minister said Thursday he will plow $600 million in new revenue from diamonds into the nation's ailing health, wate more…
11/24/2011
Zimbabwe sees strong 2012 growth, hikes mine feesReuters AfricaHARARE, Nov 24 (Reuters) – Zimbabwe's economy is likely to continue its strong recovery next year from a decade of decline to expand more…
11/24/2011
Zimbabwe budget banks on 'blood' diamondsNehanda RadioDespite these concerns and ongoing reports of human rights abuses, Zimbabwe has been cleared to resume exporting to the international diam more…
11/24/2011
Bulawayo24MuckRaker: Where then is the sabotage Cde Gumbo?Zimbabwe IndependentThe city council has reportedly “hatched a plan” to block the party from using its pavilion at the Zimbabwe Internatio more…
11/24/2011
Eric Bloch Column: Zim politicians should see the lightZimbabwe IndependentInvestment opportunities in Zimbabwe are vast, particularly in the mining sector, in the revitalisation of manufacturing (wit more…
11/25/2011
New Zimbabwe.com2012 Budget HighlightsNew Zimbabwe.comMr Speaker Sir, we are beginning to sound like a broken record in emphasising the need for transparency in the handling of our diamond revenues an more…
11/25/2011
Banking sector makes proposals to restore confidenceZimbabwe IndependentThe ministry should take over the Statutory Reserves debt of ±US$70 million owed to Banks by the Reserve Bank of Zimbabwe. The more…
11/25/2011
Times LIVEZimbabwe awards two commercial radio licencesReuters AfricaSeveral newspapers have been licensed since May 2010 by a reconstituted Zimbabwe Media Commission, which regulates the newspaper pu more…
11/25/2011
China seeks to invest USD 700 million into Zimbabwe mining sectorSteelGuruZimbabwe's vast mineral wealth could help invigorate the fragile economy.” He did not, however divulge in which minerals more…
11/25/2011
Globe and MailAfrican countries losing doctors in 'brain drain'Telegraph.co.ukSouth Africa and Zimbabwe have the greatest economic losses in doctors due to emigration, while Australia, Canada, more…
11/25/2011
Zim's key economic indication now regressingZimbabwe IndependentPotential exists to achieve growth but over the past few months, the economy has been regressing. There has been very little activit more…
11/25/2011
The ZimbabweanZimbabwe: Let's Shun Gender Based ViolenceAllAfrica.comThe high unemployment rate has led to economic and social issues. Inadequate training and manpower of both police, social worke more…
11/25/2011
Zimbabwe: Adapt to Change or WitherAllAfrica.com"Understand your market and play to your strength," he said. Examples abound of institutions in Zimbabwe that failed to read market trends and more…
11/25/2011
Zimbabwe: Let's Exploit Iron Ore Reserves to Our AdvantageAllAfrica.comAnd Essar, our partner in the steel business, are almost certainly correct when they say that the iron ore we will never use more…
11/25/2011
Zimbabwe: Woman in US$ 6 000 SwindleAllAfrica.comA HARARE woman appeared in court on Wednesday charged with swindling another woman of more than US$6 000 in a botched business deal. Hilda Kamupira of more…
11/25/2011
ESPNcricinfo.comZimbabwe Cricket bullish ahead of Stanbic Bank 20ESPNcricinfo.comZimbabwe Cricket will face minimal monetary losses in the hosting of its popular Twenty20 tournament which starts on Fr more…
11/25/2011
Africa ReviewZimbabweans to reap from country's improved economyAfrica ReviewMr Biti expects Zimbabwe's economy to grow by 9.4 per cent driven by growth in the mining and agriculture sectors. more…
11/25/2011
Zimbabwe: Parly Vetoes Zhanda ProbeAllAfrica.comTHE House of Assembly yesterday rejected proposals to set up a committee to investigate corruption allegations against chairman of the Portfolio Committ more…
11/25/2011
Bulawayo24Zimbabwe: US Envoy Backs IndigenisationAllAfrica.comUNITED STATES Ambassador to Zimbabwe Charles Ray has said his country supports the Zimbabwean Government's economic empowerment polici more…
11/25/2011
Zimbabwe: Country to Pay US$70 MIllion for BatokaAllAfrica.comZimbabwe was initially to have paid US$70,8 million with interest. But Minister Mangoma told his Zambian counterpart his country could not more…
11/25/2011
Zimbabwe: Mujuru Calls for Political ToleranceAllAfrica.comShe said the process of liberation included economic emancipation and the police should also embrace Government's indigenisation and empo more…
11/25/2011
Telecel Zimbabwe in USD70m investment driveTeleGeographyTeleGeography notes that Telecel has recently slipped back into third place in the Zimbabwean mobile market with 1.24 million subscribers at end more…
11/25/2011
Zimbabweans groomed Mugabe, they clapped and cheered when he killed, raped and …Bulawayo24May I thank you Sir for airing our position through our Economic Affairs secretary – Honourable Paul Siwela. more…
11/25/2011
Zimbabwe: Country Has Potential for Growth – SamsungAllAfrica.comIN spite of its economic problems, Zimbabwe is still considered an important market with potential for greater expansion. South Korean more…
11/25/2011
Zimbabwe: Dilution Fears Stifle Rights IssuesAllAfrica.comKFHL had hoped to raise a total US$4,5 million from the rights issue and maintained the offer had been above market expectations. KFHL said th more…
11/25/2011
Zimbabwe: AMA Bills – Bidders Want High RateAllAfrica.comThe local money market, which currently lacks tradeable financial assets, had an opportunity to buy the Ama bills to prop up their asset balanc more…
11/25/2011
New Zimbabwe.comZimbabwe's supermarket economy – Tendai BitiThe Africa ReportHe said Zimbabwe's fragile economy was expected to grow by 9.4 percent driven by agriculture and mining. He said more…
11/25/2011
Zimbabwe: Colcom Turnover Up Nine PercentAllAfrica.comIn a trade update, Kumalo told shareholders at an AGM in the capital recently that pre-tax profit was slightly below target. "Turnover is on more…
11/25/2011
Market in recovery as Econet lifts turnoverThe ZimbabweanA ray of hope filtered through the Zimbabwe Stock Exchange (ZSE) today ahead of the National Budget presentation as the main stream Industrial more…
11/25/2011
SW Radio AfricaZuma's facilitation meeting in limboThe Financial GazetteZuma has been under pressure to act from his peers in the Southern African Development Community who believe the region has more…
11/25/2011
'Life sentence for child rapists'NewsDayAddressing over 2 500 women gathered at the Zimbabwe International Trade Fair (ZITF) for the national launch of the 16 Days of Activism Against Gender V more…
11/25/2011
AFPZimbabwe new radio licences a 'farce': Tsvangirai's officeAFPClearly the the airwaves have not been freed, this has maintained ZANU-PF's grip on the broadcasting sector," he to more…
11/25/2011
Barclays: PGM market remains under pressure even as Zimbabwe supplies look …Commodity OnlineLONDON (Commodity Online): Macroeconomic concerns are way-laying the Platinum group metals market and the more…
11/25/2011
Zimbabwejournalists.comRapaport Group Calls on Traders to Shun Zimbabwe's Marange DiamondsVoice of AmericaIt is likely that they will be used to fund human rights violations in Zimbabwe," it more…
11/25/2011
World Food Programme's mixed messages on ZimbabweDaily MaverickZimbabwe's still not producing enough food, according to the World Food Programme, and a million people will need food aid in the more…
11/25/2011
Zimbabwe denies holding Rwandan genocide suspectDaily MonitorThere were reports that the former commander of Rwanda's Presidential Guard Battalion in 1994, accused of triggering the genocide, was more…
11/26/2011
Zimbabwe's 2012 budgetZimbabwe MetroMr Speaker Sir, approved lines of credit in support of investment in equipment into the mining sector in 2011 amounted to US$502 million. This is underpinning m more…
11/26/2011
Zimbabwe: Govt Set to Launch National Trade PolicyAllAfrica.comGOVERNMENT plans to launch a National Trade Policy (NTP)to promote exports and industrialisation of the economy through trade incentives more…
11/26/2011
Zimbabwe: More One-Ways for HarareAllAfrica.comHARARE City Council has converted sections of six roads into one-ways and increased clamping and tow-away charges to US$150 to tame the traffic jungle in more…
11/26/2011
Zimbabwe The Best In SADC TourismRadioVopZimbabwe tourism industry had collapsed in the past recent years due political instability and mismanagement of the country's economy by President Robert M more…
11/26/2011
Press TVBanking sector's 'miraculous' recoveryThe ZimbabweanZimbabwe's banking sector has made miraculous recovery in three years, raking in $2.8billion in deposits to June 2011, the R more…
11/26/2011
The ZimbabweanGBV a burden on the budgetThe ZimbabweanIf that fund was to be shared equally among Zimbabwe's women, then each woman would get less than $50. If the treasury wishes to plug all the more…
11/26/2011
The ZimbabweanOrder of Merit for WOZA leaderThe Zimbabwean“Recently the Zimbabwe Republic Police reported that 124 women were raped in 11 days. In this harsh economic climate, there is no peace in o more…
11/26/2011
The ZimbabweanMidlands Hotel success storyThe ZimbabweanAs a result of the improvements, The Midlands Hotel this year clinched second position in the Zimbabwe National Chamber of Commerce's Best B more…
11/26/2011
Zimbabwe: US Envoy Backs IndigenisationAllAfrica.comUNITED STATES Ambassador to Zimbabwe Charles Ray has said his country supports the Zimbabwean Government's economic empowerment policies, indige more…
11/26/2011
Unleashing e-healthThe ZimbabweanZimbabwe will host an inaugural e-health symposium from December 15-18 to share best practices and ICT opportunities for the health sector, according to Josiah Dimbo, more…
11/26/2011
ZimEye ZimbabweZim not in election mood- Simba MakoniThe Zimbabwean“We have a constitution coming up together with a national census, I don't see how a country like Zimbabwe will manage to carry more…
11/26/2011
ABC NewsClimate change hits Africa's poorest farmersThe Associated PressBut Zimbabwe's modern agricultural infrastructure has been disrupted by a decade of political and economic turmoil. Acut more…
11/26/2011
Worst ever school fraudThe ZimbabweanFollowing a report of corruption in The Zimbabwean in June, Ministry of Education investigations have led to the prosecution of three staff members. Primary school more…
11/26/2011
The ZimbabweanThe Gentleman up for US awardsThe ZimbabweanZimbabwe's first action drama, The Gentleman, has been nominated for two American awards, one of the producers has revealed. Rufaro Kaseke more…
11/26/2011
The futility of bankers' prosecutionNew Zimbabwe.com (blog)But greed is not necessarily illegal, in an open market it is the definition of 'business'. There can be no doubt that some of th more…
11/26/2011
Daily NationTsvangirai has lost his moral compassNew Zimbabwe.com (blog)By Chofamba SitholePolitics Last updated on: November 26, 2011 THERE is something incongruous about how Zimbabwean journalists a more…
11/26/2011
Zimbabwe TribuneBiti doubtful over electionsZimbabwe MetroHe told business leaders at a post-budget seminar yesterday that even if Zimbabwe sourced enough money to hold early polls, the slow pace of d more…
11/26/2011
The ZimbabweanUndenge blocks development: localsThe ZimbabweanThe MDC-T councillors and villagers last week told The Zimbabwean that Undenge was blocking the hand over of school furniture and statione more…
11/26/2011
The ZimbabweanZIMRA causes border delaysThe Zimbabwean“Within a few days, 750 trucks which had been cleared in South Africa but not yet cleared into Zimbabwe were backed up in queue on the South Afr more…
11/26/2011
Sanction proposals 'risky'The Canberra TimesPROPOSED changes to the way Australia blocks trade of certain goods to undemocratic nations, such as Burma and Zimbabwe, have been criticised for be more…
11/26/2011
Vic Falls to host Cisna meetingTimes LIVEZimbabwe will host the Committee for Insurance, Securities and Non-Bank Financial Authorities (Cisna) conference in Victoria Falls next month. The three-day co more…
11/26/2011
Zanu-PF mafia ruining Zimbabwe, says BennettTimes LIVEIn a hard-hitting speech at the International Human Rights Congress in London this week, Bennett said the "criminal cabal" had forced mi more…
11/26/2011
Zim police most corruptTimes LIVEIt said a person's susceptibility to corruption was often influenced by their economic activity or position of leadership. According to the survey, the Zimbabwe Re more…
11/26/2011
Mugabe caps 1 679 Zimbabwe Open University (ZOU) graduatesBulawayo24She said the illegal economic sanctions imposed on Zimbabwe and the HIV/Aids pandemic had seen potentially brilliant young people fa more…
11/27/2011
Ghana Business NewsAfrica investor Agribusiness Investment Awards 2011 winners announcedModern GhanaAfrican Trade Insurance Agency walked away with Export Credit Initiative of the Year, Development Fi more…
11/27/2011
New Zimbabwe.comThe great Old Mutual fraudNew Zimbabwe.comDoes community re-investment exist in their dictionary? Why is Old Mutual now dangling US$11 million to the youths when it failed to come to r more…
11/27/2011
Daily MailDictators Dine Alone: In Restaurant Ad, Zimbabwe's Mugabe Is the Last Tyrant …TIMEIn later years, Mugabe disagreed with Gaddafi's openness to Western investment — but who's t more…
11/27/2011
The AgeOut of Africa with a heart of goldSydney Morning HeraldUnder the policy, many farms belonging to whites and government opponents were seized and often given to people who had no agricultural ex more…

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