Amplats has agreed to transfer majority of its Unki mine in Zimbabwe to locals, following pressure from President Robert Mugabe’s government.
Zimbabwe may cut its economic growth projections for this year, while inflation forecasts could be higher than previously expected, says Tendai Biti.
Six Zimbabwean activists convicted of airing Arab Spring videos were fined $500 and sentenced to community service, rather than 10 years in prison.
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/ 27 September 2011
Zimbabwe is due to probe firms to establish their level of compliance with a law that forces them to sell at least 51% of shares to Zimbabwe locals.
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/ 14 September 2011
Zimbabwe says it will not suspend any mining permits and exceptions may be made to laws requiring foreign miners to give majority stakes to locals.
Zimbabwe’s electricity regulator has ordered a 31% tariff increase, to ensure the state-owned power utility Zesa’s stays profitable.
Zimbabwe’s government has given foreign firms an ultimatum to submit plans on how they propose to transfer majority stakes to local owners.
Zimbabwe’s economy is on course to grow by 9.3% in 2011 due to a recovery in the key mining and agriculture sectors, Finance Minister Tendai Biti.
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/ 8 November 2010
Zimbabwe’s economy will grow for the second successive year in 2010 due to positive policies and strong commodity prices, the IMF said on Monday.
Zimbabwe PM Morgan Tsvangirai says violence and intimidation by the military are hindering attempts to write a new constitution.