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Zimbabwe Business

EU Removes 51 On Zim Sanctions List

Harare, February 17, 2012 -The European Union has removed 51 people and 20 business companies associated with Zanu (PF) which they had slapped with sanctions. ... Full story

Germans Withhold Investment Plans In Zim

Harare, May 19,2011 - The eight member delegation of the Germany parliament which has been in the country for the past two days said the Indigenisation regulations in the country that are forcing foreigners to part away with 51 percent shareholding to locals are scaring their nationals to invest in the country. ... Full story

Fresh Woes For Air Zim As Airline Abandons Flights

Harare, May 18, 2011 - Several passengers were on Tuesday left stranded at Harare International Airport after Air Zimbabwe failed to fly to Johannesburg while one of its Chinese made aircraft developed a technical fault. ... Full story

Zim Economy Not Ready For Elections: Gono

HARARE, May 15, 2011- Reserve Bank of Zimbabwe (RBZ) Governor Gideon Gono says the country's economy is still recovering and cannot sustain an election, The Sunday Mail reported. ... Full story

Chamber Of Mines Threaten Legal Action Against Indigenous Law

Harare, May 13, 2011- The Chamber of Mines wants only 26 percent to be given to indigenous Zimbabweans instead of the proposed 51 percent, its president Victor Gapare said on Thursday. ... Full story

Elections To Resolve Electricity Problems In The Country

Harare, May 12, 2011 - The improvement of Zimbabwe's power generation capacity to avert power cuts in the coming years will depend on the outcome of the next elections, a leading consultancy has said. ... Full story

Biti,Gono Crack Whip At Renaissance

Harare, May 12, 2011 — The ministry of Finance and the Reserve Bank of Zimbabwe (RBZ) moved Wednesday to stop the mess at Renaissance Financial Holdings Limited (RFHL) by firing the entire board and executive of the group and its flagship arm, Renaissance Merchant Bank (RMB). ... Full story

Zim Trade Deficit Worsens

Harare, May 11, 2011 — Zimbabwe’s trade deficit worsened to US$557, 6 million in the first quarter of 2011 up fromUS$49,6 million recorded in the same period last year, as the economy imported more goods than it exported, according to data obtained from Treasury. ... Full story

Late Architect Vernon Mwamuka Wins Top ZIE Award

Harare, May 10, 2011 - Arguably Zimbabwe's top architects, the late Vernon Mwamuka, has won this year's Zimbabwe Institution of Engineers (ZIE) award for the Best Architectural Work in the country. ... Full story

Mujuru Defends BEE Plan

BULAWAYO, May 08, 2011- Vice-president Joyce Mujuru is in a last-minute bid to sell the controversial Indigenisation Act that threatens to take away majority ownership of foreign-owned properties. ... Full story

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Travel to Zimbabwe

Tourists Arrivals Affected By Indigenisation

Victoria Falls, February 12, 2012 - Victoria Falls deputy mayor and Councillor for Ward One, Bernard Nyamambi said threats by President Robert Mugabe and Zanu (PF) to take over foreign companies has affected tourists arrivals in the resort town, as most of them now prefer to view the falls from the Zambian side.

Confusion As Local Tourists Barred from Victoria Falls

Victoria Falls, February 01, 2012 - There is an outcry in the resort town of Victoria Falls, as most local tourists are being barred from viewing the falls also known as Mosi -oa -Tunya by Zimbabwe Parks and Wildlife Management Authority after failing to produce national identification cards.

Kariba Dam Wall Popular

Kariba, January 18, 2012 - Kariba dam wall remains popular with tourists as Zimbabwe Tourism Authority figures show that visitors increased from 2 413 last May to 6 328 in November.