By: Dumisani Ndlela
MTN’s planned acquisition of a 49% stake in Zimbabwe’s state-owned cellular network NetOne could collapse after revelations some members of the inclusive government are opposed to its privatisation.
Finance Minister Tendai Biti told a parliamentary committee that there was discomfort over the planned disposal of a stake in NetOne, giving a clear indication that [...]

After breaking all inflation records and experiencing a chronic shortage of capital and international political isolation, Zimbabwe’s ICT sector is showing signs of recovery, according to analysts.
From 1999, Zimbabwe was in a state of economic decline after the government embarked on a campaign to seize land owned by white farmers and redistribute it to indigenous [...]

RESERVE Bank governor Gideon Gono last week made some serious, insightful and sensible assertions, which although appreciated left some of us wondering why it took him such a long time to see that Zanu PF was destroying the country.
In his discussion in the Financial Gazette, Gono was clear that the indigenisation law would further [...]

African Consolidated Resources chief executive Mr Andrew Cranswick has filed an urgent chamber application at the High Court seeking to bar police from “arresting and detaining” him on charges he says the State had already dropped.
Mr Cranswick is currently out of the country on business and is afraid he will be arrested on his return.
The [...]

Pressure on Reserve Bank of Zimbabwe Governor Gideon Gono to resign mounted on Tuesday following a recommendation from the International Monetary Fund that the country strengthen central bank governance and sniping from former allies in ZANU-PF over Gono’s criticism of the party’s indigenization initiative.
Upon concluding so-called Article IV Consultations with the Harare government this week, [...]

One of two companies mining diamonds in Zimbabwe’s controversial Marange field, Canadile Miners, has told the parliamentary committee probing its operations that the Ministry of Mines has advised it not to respond to requests for information from the panel.
Along with directors for another company, Mbada Holdings, Canadile executives have repeatedly failed to come before the [...]

ON TUESDAY a press conference was called by the ANC Youth League allegedly at the behest of Tumi Mokwena Inc, the legal representatives of our president, Julius Malema, to “put to rest the issues raised” (about his links to companies). It was quite an occasion according to the press snippets I have seen and the [...]

Zimbabwean businessmen based in South Africa have expressed outrage at their country’s new “indigenisation” laws, which seek to seize control of foreign-owned companies and hand them over to locals.
The businessmen said the indigenisation regulations, which came into force on Monday, pose a serious threat to Zimbabwe’s economic recovery.
After a decade of cumulative economic decline, Zimbabwe [...]

THE government has accused the region’s biggest mining giant, South Africa’s De Beers, of looting tonnes of diamonds from the Chiadzwa mining fields over a period of 15 years without notifying the state of the discovery of the gems. The government is alleging that it could have lost billions of dollars in revenue from the [...]

UK based Marketing Company scored a major coup by being appointed Marketing consultants for the annual African Music Awards held in London. Quartz will be providing services that include the development of a Social Media Marketing campaign, PR consultancy as well as provide assistance with securing sponsorship for the event.
After its successful launch in 2008 [...]