Zimbabwe Business
Air Zim Facing Stiff Competition
Harare, June 24, 2010 - Air Zimbabwe is struggling to attract passengers on its regional and local routes due to the increased competition brought about by new airlines, with reports that it is flying between nine and 15 passengers on a flight that usually carries up to 120 passengers.
[Zimbabwe Business] Zimbabwe Revises Rules On Foreign Firm Takeovers
Harare, June 23, 2010 - Zimbabwe has revised rules requiring foreign firms to tranfer majority control to local blacks, with varying shareholding thresholds being set for different sectors of the economy, a minister said on Tuesday. ...[Zimbabwe Business] Telecel Zimbabwe To Reduce Shareholding
Harare, June 20, 2010 - Telecel International has submitted its proposals to government for reducing its shareholding in Telecel Zimbabwe to 49 percent as it battles attempts to close it down for failing to meet Posts and Telecommunications Regulatory Authority (POTRAZ) requirements. ...[Zimbabwe Business] Comesa May Miss Deadline for Free Duty Trade
Harare, June 15, 2010 – Common Market for Eastern and Southern Africa (COMESA) secretary general, Sindiso Ngwenya on Tuesday warned member countries that the regional body might fail to achieve a duty free trade area by 2012 as planned due to delays by some countries to submit their tariff alignments proposals....[Zimbabwe Business] Zimbabwe Fugitive Businessman Will Not Get Businesses Back
Masvingo, June 01, 2010 - For Jerry Sipambi (38), a worker at the struggling Shabanie Mashava Mine (SMM), the news that the owner of the mine, prominent businessman, Mutumwa Mawere, was de-specified, brought smiles and cheers not only to him, but to many others in the small mining town, a few kilometers West of Masvingo town. ...[Zimbabwe Business] Zimbabwe Revokes Specification Of Mawere, Moxon And Makamba
Harare, May 27, 2010 - Zimbabwe's two co-Home Affairs Ministers Giles Mutsekwa and Kembo Mohadi have repealed the specification of three fugitive businessmen, Mutumwa Mawere, John Moxon and James Makamba. ...[Zimbabwe Business] Zimbabwe Miners Seek Compromise On Indigenisation Law
Harare, May 20, 2010 - Zimbabwe's Chamber of Mines on Wednesday proposed a compromise in the government's drive to force foreign firms to give 51 percent stakes to locals, saying 15 percent local shareholding for mines was enough. ...
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