Archive for ‘March, 2010’

Netone Privatization hits a snag

Netone Privatization hits a snag

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 [...]

Zimbabwe education gets $10 million EU boost

Zimbabwe education gets $10 million EU boost

Harare – The European Union (EU) on Wednesday gave $10.6 million to Zimbabwe to buy textbooks for primary schools, promoting revival of an education sector which a cabinet minister said was in a dire state.
Government schools closed at the height of the country’s economic and political crisis in 2008 re-opened last year after formation of [...]

Zimbabwe ICT sector on recovery path

Zimbabwe ICT sector on recovery path

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 [...]

Gono now pretends to see the light

Gono now pretends to see the light

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 [...]

Zimbabwean couple in murder mystry

UK- LEICESTER – A man has been charged with murder following the discovery of a woman’s body in a flat.
Police were called to an address in Gotham Street, Highfields, Leicester, at about 3.10pm on Friday after concerns were raised about the occupant’s welfare. They discovered the body inside.
The 34-year-old man was arrested on Friday. He [...]

Zimbabwe misses out on World Cup training bonanza

Zimbabwe misses out on World Cup training bonanza

HARARE // Zimbabwe’s hopes of earning much-needed revenue by hosting football teams before the Fifa World Cup in June in neighbouring South Africa have been dashed: none of the 32 qualifiers chose to hold training camps here.
The government had made attracting a high-profile team to train here a priority in its rebranding and economic reconstruction [...]

Gono and Kasukuwere clash over Indeginization laws

Zimbabwean Indigenization Minister Saviour Kasukuwere and Reserve Bank Governor Gideon Gono have again clashed publicly over the proposed indigenization of all firms worth more than US$500,000, with Kasukuwere accusing Gono of coming out against the empowerment scheme in a bid to remain politically relevant.
Sources in the ZANU-PF party of President Robert Mugabe and news reports [...]

Finance minister Biti in a car accident

Finance minister Biti in a car accident

Zimbabwe – Harare- Zimbabwean Finance Minister Tendai Biti, who is also secretary general of Prime Minister Morgan Tsvangirai’s Movement for Democratic Change (MDC), emerged unhurt from a car accident, said his party on Tuesday.
MDC spokesman and Information Technology Minister Nelson Chamisa said Biti was rushed to the General Hospital in Chegutu soon after the accident, [...]

Controversial diamond companies finally appear before Parliament

Controversial diamond companies finally appear before Parliament

Directors of mining companies in partnership with the Zimbabwean government to develop the controversial Marange diamond field finally appeared Tuesday before Parliament’s Committee on Mines after being legally summoned by irate House officials.
The directors had for weeks refused to respond to the committee on the advice of Mines Minister Obert Mpofu and his permanent secretary, [...]

SADC steps Zimbabwe assistance

SADC Troika chairperson President Armando Emilio Guebuza of Mozambique has announced the establishment of a “technical team” to assist the inclusive Government.
Speaking to Mozambican journalists after meeting President Jacob Zuma of South Africa on the sidelines of Namibia’s 20th independence anniversary celebrations in Windhoek at the weekend, President Guebuza said the team would help with [...]

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