HARARE – The Netherlands says it wants to help reduce gold leakages in Zimbabwe by stimulating European markets to opt for the yellow metal that is sourced in a sustainable and legal way. Dutch special envoy natural resources, Dirk-Jan Koch, told businessdaily last week that the Netherlands was committed to help revive Zimbabwe’s gold sector….
AMSTERDAM – Telecel Zimbabwe (Telecel)’s parent company, VimpelCom Limited, says it is preparing to file an international arbitration against government next month after it cancelled its mobile licence and contravened bilateral investment promotion and protection agreements (Bippas). VimpelCom’s chief group business development and portfolio officer Anton Kudryashov yesterday told Zimbabwean journalists that while the global…
AMSTERDAM – Telecel Zimbabwe (Telecel) parent company, VimpelCom Limited (Vimplecom), says it is preparing to file an international arbitration against the government next month for cancelling its licence and contravening bilateral investment promotion and protection agreements (Bippas). VimpelCom’s chief group business development and portfolio officer Anton Kudryashov yesterday told Zimbabwean journalists that while the global…
HARARE – Government will in 2016 consider proposals to put in place a new simplified tax regime that will involve the setting up of a consolidated revenue fund (CRF), Finance minister Patrick Chinamasa told parliament on Tuesday. He said the consideration was on the back of recommendations by the august House’s Finance portifolio committee suggesting…
HARARE – Zimbabwean businesswomen must exploit opportunities and shy away from protectionism mentality, if they are to succeed, Industry and commerce deputy minister Chiratidzo Mabuwa said. Mabuwa, speaking at the Zimbabwe National Chamber of Commerce (ZNCC) “Women in Enterprise” awards conference last week, said “women should exploit existing opportunities in trade by exporting value added…
HARARE – Zimabwe has begun negotiations with China’s biggest state-owned insurance company aimed at operationalising infrastructure deals brokered between the two countries last year. The China Export and Credit Insurance Corporation (Sinosure) chairman, Wang Yi, on Monday told the Finance minister, Patrick Chinamasa, that the insurers’ cover was dependent on the country’s ability to raise…
HARARE – London-listed firm Sable Mining Africa Limited (Sable) has signed a Memorandum of Understanding with China-based construction and services provider Citic Group to develop a 600 megawatt (MW) coal-fired power plant in Zimbabwe. Under the agreement, Sable and Citic Construction Company Limited — a subsidiary of Citic group — will explore the opportunities of…
HARARE – The African Development Bank (AfDB) management is developing a paper for its executive board to authorise a grant to be availed to Zimbabwe for the country to clear its $600 million arrears to the lender, a Cabinet minister has said. In a statement released yesterday, Finance minister Patrick Chinamasa said the funds aimed…
HARARE – The long-drawn and acrimonious dispute between cash-strapped government mining investment company, the Zimbabwe Mining Development Corporation (ZMDC), and Amari Holdings — over compensation for a lost concession by the Mauritian mining company — is getting more ominous for Zimbabwe. Amid the current promising efforts by Finance minister Patrick Chinamasa to woo Bretton Woods…
HARARE – Zimbabwe is set to establish a National Ports Authority aimed at improving the state of infrastructure and clear bottlenecks at the country’s various ports of entry. A ports authority is a government or quasi-government public authority formed by a legislative body to operate ports and other transportation infrastructure. This comes after President Robert…
