Zimbabwe's government has effectively expropriated the country's largest public company, Kingdom Meikles Africa Ltd, under a much criticised so-called anti-corruption law.
Harare - Zimbabwean inflation slowed to 0,4 percent month-on-month in August from 1,0 percent in July, figures released by the Central Statistical Office showed on Wednesday.
Harare - Zimbabwe's national carrier said on Tuesday that will cut 500 jobs, one-third of its workforce, in a bid to prevent the embattled airline from going under.
Harare - Zimbabwe's gradual recovery from economic collapse was marked on Monday with the return to the country's banking system of one of the rest of the world's most basic business instruments - the cheque.
Johannesburg - Zimbabwe's mines minister said on Wednesday the country was reviewing a bill forcing foreign companies to sell stakes in their businesses to make it more user friendly.
Wireless Global (EWG), which owns Zimbabwe's largest telecommunications company, and Sweden's Ericsson (ERICb.ST: Quote) have signed a deal to expand Econet's network in Zimbabwe, the two firms said on Thursday.
LONDON - Central African Mining and Exploration Co (CAMEC) said on Thursday it had received offer approaches, sending shares in the diversified producer up 40 percent.
HARARE - Zimbabwe will provide $142 million in its next budget to help small farmers buy the resources needed to boost food production, Finance Minister Tendai Biti said on Friday.
One of Zimbabwe's largest goldmines is to reopen. Mwana Africa, the London-listed miner, said that it would invest $6 million (£4.1 million) to restart operations at the Freda Rebecca mine after the power-sharing deal struck between President Mugabe and Morgan Tsvangirai, the Prime Minister, five weeks ago.
HARARE - Zimbabwe has slashed its estimate for this year's revenue by nearly half, the finance minister said on Wednesday, with no sign of badly needed foreign aid and investment to help the new unity government.