Nelson Banya

Amplats to transfer 51% of Zimbabwe mine to locals

Amplats has agreed to transfer majority of its Unki mine in Zimbabwe to locals, following pressure from President Robert Mugabe's government.

Zim inflation increases, growth expectations low

Zimbabwe may cut its economic growth projections for this year, while inflation forecasts could be higher than previously expected, says Tendai Biti.

Zim court fines activists for anti-Mugabe plot

Six Zimbabwean activists convicted of airing Arab Spring videos were fined $500 and sentenced to community service, rather than 10 years in prison.

Zim to probe foreign firms over ownership law

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.

Zimbabwe softens tone with foreign miners

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 raises electricity tariffs by 31%

Zimbabwe's electricity regulator has ordered a 31% tariff increase, to ensure the state-owned power utility Zesa's stays profitable.

Zimbabwe gives foreign firms empowerment ultimatum

Zimbabwe's government has given foreign firms an ultimatum to submit plans on how they propose to transfer majority stakes to local owners.

Zimbabwe economy to grow by 9.3% in 2011, says Biti

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.

IMF: Zim economy buoyant, more reform needed

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.

Zim constitutional-reform process ‘not credible’

Zimbabwe PM Morgan Tsvangirai says violence and intimidation by the military are hindering attempts to write a new constitution.

Tsvangirai reshuffles MDC posts in Cabinet

Zimbabwe Prime Minister Morgan Tsvangirai axed ministers from his MDC party from the Cabinet on Wednesday.

Zim meets diamond trade standards, says monitor

Zimbabwe has met minimum conditions set by the Kimberley Process Certification Scheme and could start exporting the precious stones.

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