Stocks fall as govt ups empowerment drive

Stocks fall as govt ups empowerment drive http://www.theindependent.co.zw/ Thursday, 13 October 2011 15:36 Reginald Sherekete STOCKS fell significantly in the third quarter in the wake of heightened indigenisation threats by government, which dampened investor confidence and sentiment. The key industrial index shed 6,80% to close at 155,82 with the mining index plummeting 11,03% to close the quarter to …

Government to issue Diaspora Bond

Government to issue Diaspora Bond http://www.theindependent.co.zw/ Thursday, 13 October 2011 15:30 Nqobile Bhebhe FINANCE minister Tendai Biti says government will issue another Diaspora Bond after overwhelming success of US$50 million bond floated in July.He said a follow-up instrument is being worked on and would be announced in the 2012 national Budget. The idea of the Diaspora Bond …

Power outages threaten Zimbabwe agriculture

Power outages threaten Zimbabwe agriculture http://www.businesslive.co.za 13 October, 2011 16:44Patrick Musira Incessant electricity load-shedding is threatening the future of Zimbabwe’s newly resettled farmers, beneficiaries of the government’s land reform programme, with the Zimbabwe Commercial Farmers’ Union saying the unscheduled and lengthy power cuts are pushing some of their members out of business, besides making local farm produce uncompetitive on …

Corruption rocks multi-million Ethanol project in Chisumbanje

Corruption rocks multi-million Ethanol project in Chisumbanje http://www.swradioafrica.com By Tichaona Sibanda13 October 2011 The Chisumbanje ethanol plant, which cost $600 million to construct, is reportedly embroiled in serious corruption allegations following revelations that government only controls 10 percent of the shares in the project. The controversy surrounding the money spinning project, approved by government on the understanding it …

Chisumbanje Villagers Threaten To Destroy Ethanol Project

Chisumbanje Villagers Threaten To Destroy Ethanol Project http://www.radiovop.com By Garikai Chaunza, Chisumbanje, October 11, 2011 – The multimillion dollar Ethanol production plant which is nearing competition is being threatened with destruction by disgruntled villagers who plan to invade the 40 000 hectare sugar cane irrigation plantation to grow cotton. This is as a result of a long standing …

Mana Pools faces threat

Mana Pools faces threat   http://www.africageographic.com/blogs/?p=796 Mana Pools, the iconic Zimbabwean national park and World Heritage Site, faces another threat to its wilderness status as two new lodge developments on prime sites within the parks boundaries have been proposed. And both are being vigorously disputed by the wider conservation and ecotourism communities. It was just …

Tough times ahead for Zimbabwe’s farmers

Tough times ahead for Zimbabwe’s farmers http://www.businesslive.co.za/ 09 October, 2011 13:38Patrick MusiraBusinessLIVE Commercial farmers in Zimbabwe this week issued a damning outlook of the coming agricultural season, saying the future of the sector was gloomy, with dismal statistics on productivity on farms and an uptick in violence a challenge. Zimbabwe’s former white commercial farmers under the Commercial Farmers’ Union …

Miner sues for $500m

Miner sues for $500m http://www.timeslive.co.za/ SUNDAY TIMES CORRESPONDENT | 09 October, 2011 02:13 South Africa-based Amari Platinum, whose joint mining ventures in Zimbabwe were cancelled by the Ministry of Mines in controversial circumstances last year, is suing the government for a whopping $500-million for breach of contract at the International Court in Paris. The broke inclusive government is …

Chinese investors accused of unfair business practice

Chinese investors accused of unfair business practice http://www.thestandard.co.zw/ Saturday, 08 October 2011 16:37 BY WONGAI ZHANGAZHA IN WASHINGTON DC AICO Africa Ltd, one of the leading companies in the country’s cotton sector, says it lost millions of dollars because of unfair business practices by Chinese investors who he accused of clandestinely buying cotton from contracted farmers. In an …

Sen. Inhofe Introduces Bill to Repeal Zimbabwe Democracy, Economic Recovery Act of 2001

Sen. Inhofe Introduces Bill to Repeal Zimbabwe Democracy, Economic Recovery Act of 2001 http://thomas.loc.gov/cgi-bin/query/z?c112:S.1646:# S.1646 — Zimbabwe Sanctions Repeal Act of 2011 (Introduced in Senate – IS) S 1646 IS 112th CONGRESS 1st Session S. 1646 To repeal the Zimbabwe Democracy and Economic Recovery Act of 2001. IN THE SENATE OF THE UNITED STATES October …