Zimbabwe's Premier Business and Investments Site

Two Zim diamond miners added to US sanctions list

WASHINGTON - Mbada Diamonds and Marange Resources, two companies that mine diamonds in Zimbabwe’s controversial Chiadzwa region, have been added to the US sanctions list, Zimbabwean news outlets reports.

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Aquarius confirms Mimosa ownership deal

JOHANNESBURG – Aquarius Platinum confirmed on Tuesday that local communities have acquired a stake in the Mimosa mine in Zimbabwe, which it jointly owns with world number-two platinum miner Impala Platinum (Implats).

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Zimbabwe scrambles for plane seized over $1.2 mln

HARARE - Zimbabwe's state-owned airline was scrambling for cash on Tuesday to secure the release of a plane seized in London by a U.S firm over a $1.2 million debt, a senior airline official told state media.

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Masiyiwa makes Forbes Rich List

Zimbabwe's largest mobile telecommunications, Econet Wireless Communications founder and largest shareholder, Strive Masiyiwa has made Forbes’ inaugural list of the 40 Richest People in Africa which excludes politicians.

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Woodford's Zimbabwe investment raises $50m

Zimbabwean investment company Masawara, which is backed by Neil Woodford in the £18.6bn Invesco Perpetual income funds, has raised $50m towards its capital target since IPO last year.

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Proposed US$4 Billion 2012 Budget Well Received

HARARE - Zimbabwean Finance Minister Tendai Biti’s US$4 billion 2012 budget has been well received by stakeholders in the health, education and other sectors.

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Espionage charges against Africom bosses dropped

HARARE (Zimbabwe Investor) - Espionage charges, levelled against Africom directors, Simba Mangwende and Farai Rwodzi together with the owner of Global Satellite Systems, Oliver Chiku, were dropped by the state before plea when the accused appeared before provincial magistrate Munamato Mutevedzi on Wednesday, November 16, 2011. This happened two weeks after they were released on bail from custody where they had spent a week following their arrest.

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Zimbabwe economy seen up 7.8-9 pct in 2012-finmin

HARARE — Zimbabwe's economy is projected to grow by up to nine percent next year, driven by stronger farm output and mine exports, Finance Minister Tendai Biti said.

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Zimbabwe bars unregistered foreign newspapers
HARARE, Feb 3 (Reuters) - Zimbabwe will bar all unregistered foreign newspapers, its media commission said on Friday, in what could be the start of a crackdown on outlets critical of President Robert Mugabe ahead of a possible election this year.
Yum Brands sees 130 new Africa stores in 2012 -report
JOHANNESBURG, Feb 3 (Reuters) - U.S. fast-food giant Yum Brands Inc plans to open 130 new KFC stores in Africa this year, bringing its presence on the continent to 1,000 restaurants, Business Day newspaper said on Friday, citing a senior executive.
Cricket-Guptill top scores as NZ beat Zimbabwe in one-dayer
Feb 3 (Reuters) - Man-of-the-match Martin Guptill top-scored with 70 before a workmanlike performance by New Zealand's bowlers ensured a 90-run win over Zimbabwe in their one-day international at the University Oval in Dunedin on Friday. Guptill smashed nine boundaries in his 66-ball innings as the hosts were bowled out for 248 in the 49th over of the first of three one-dayers between the teams. That total was more than enough for victory as Zimbabwe slumped to 158 all out in the 42nd