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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.
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 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.
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.
Zimbabwe Prime Minister Morgan Tsvangirai axed ministers from his MDC party from the Cabinet on Wednesday.
Zimbabwe has met minimum conditions set by the Kimberley Process Certification Scheme and could start exporting the precious stones.
Zimbabwe will appeal the acquittal of Roy Bennett, a top ally of Prime Minister Morgan Tsvangirai, in a terrorism trial, a state prosecutor has said.
President Robert Mugabe said on Wednesday that Zimbabwe had not suspended its drive to transfer control of foreign firms to local black Zimbabweans.
Zimbabwe’s President Robert Mugabe celebrates his 86th birthday on Saturday with a lavish party as the economy struggles to recover from crisis.
Zimbabwe President Robert Mugabe has defended his government’s drive to transfer majority control of foreign-owned firms to local black Zimbabweans.
The trial of Zimbabwe opposition politician Roy Bennett was postponed indefinitely as court workers joined a wage strike by government employees.
Zimbabwe may have to import more than half the maize it needs this year to cover a deficit, a farmers’ group said on Monday.
A Zimbabwean court has ruled that confessions by a witness implicating a key ally of Morgan Tsvangirai were invalid as they were not made freely.
Zimbabwean state teachers and health workers threatened on Wednesday to strike over low pay, in a move that would paralyse public services.
