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Bank, ZNCC Say No To Indigenisation

ParlyStanbic Bank and the Zimbabwe National Chamber of Commerce (ZNCC) added their criticism to the government’s plans to pass the controversial Indigenization and Empowerment Bill – describing the likely outcome as disastrous investor flight.

Stanbic MD Nyandoro

But the government’s intention to fast track the bill was clear at the Parliamentary Portfolio Committee meeting where, despite industrialists, miners, retailers, manufacturers and indigenous small entrepreneurs being invited to give inputs, the committee chairperson David Butau announced that the bill was going for its second reading yesterday.

Last Updated on Friday, 21 September 2007 04:41

Philathropy Good for Business And Good For Africa

malloch-brownUK Foreign Office Minister Lord Malloch-Brown has told international businessmen that  business strategies for Africa should be inclusive and promote equality, while targeting the poor, because such a strategy makes good business sense.

He told the Royal African Society that private investment could just drive enclave developments in the oil and resource sectors, but if it did so it would consign Africa and ultimately its own investments to political instability and risk.


The Gates and Rockefeller foundations, working with former UN secretary general Kofi Annan are strengthening seed strains and agricultural production which improves agriculture and can multiply across the economy.


Last Updated on Friday, 21 September 2007 04:44

"We Cannot Look The Other Way"


Last Updated on Wednesday, 19 September 2007 01:06

"Deportations of Chef's Kids Are Working"

promiseThe fact that news of the deportation of children of some Zanu PF officials invoked the fury of government authorities is an indication of the effectiveness of the measure, says Promise Mkwananzi (right).

In an interview with a University of Queensland student publication, Mkwananzi also urged the United States and the European Union to expedite their processes, and South Africa to follow suite.


Last Updated on Sunday, 16 September 2007 06:57

Elections Postponed In Negotiations Breakthrough

Zimbabwe will soon have a new electoral supervisory commission, a new and independent stand alone Constutional Court and a non-partisan Media Commission, according to new information.

These are parts of a raft of changes that are to be made to the Zimbabwe Constitution in the current seating of Parliament, Change Zimbabwe has established. The changes have been agreed to by President Robert Mugabe’s ruling Zanu PF party, and the Movement for Democratic Change negotiators under the talks chaired by South African president Thabo Mbeki. 

Last Updated on Monday, 17 September 2007 11:58

Outrage As Gov't Demands Duty In Forex

zimraIn a desperate scramble for foreign currency the government has added fridges, carpets, underwear, shoes, and even second hand clothes to products defined as “luxury products” whose duty must be paid for in foreign currency.

Last Updated on Saturday, 15 September 2007 17:13

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Bhadharai Pano