May 2012

Nicozdiamond in 'Good Momentum'

Submitted by AA Zimbabwe on Thu, 2012-05-31 16:57

[Financial Gazette]

NICOZDiamond, managing director, Grace Muradzikwa said the company's revenue for the four months to April increased by 30 percent to US$8,1 million, from US$6,4 million during the comparable period the previous year, because all the group's units had registered improvements during the period under review.

Source:

http://allafrica.com/stories/201205311309.html

Elections, Elections This Year Cdes!

Submitted by AA Zimbabwe on Thu, 2012-05-31 16:45

[Financial Gazette]

Dear Cabinet and Politburo members,

Source:

http://allafrica.com/stories/201205311306.html

Nation Grapples With Low Cotton Prices

Submitted by AA Zimbabwe on Thu, 2012-05-31 16:37

[Financial Gazette]

As the cotton season swings into life, merchants are once again in a tight corner, with accusations of swindling farmers of their hard earned money looming in a common battle on the market particularly due to lower cotton producer prices this season.

Source:

http://allafrica.com/stories/201205311300.html

Nkala Backs Mujuru

Submitted by AA Zimbabwe on Thu, 2012-05-31 16:23

[Financial Gazette]

ENOS Nkala, one of ZANU-PF's founding fathers, has been sucked into the intricate succession dynamics rocking the revolutionary party, as rival factions eyeing President Robert Mugabe's job upon his retirement fiercely engaged in a slanging match at last week's stormy politburo meeting.

Source:

http://allafrica.com/stories/201205311285.html

Former ZCFU Boss Faces Trial

Submitted by AA Zimbabwe on Thu, 2012-05-31 16:22

[Financial Gazette]

WILSON Nyabonda, a former Zimbabwe Commercial Farmers Union (ZCFU) president accused of conniving with three accomplices to swindle the 15 000-strong member organisation of thousands of United States dollars in a failed land deal, goes to trial next month.

Source:

http://allafrica.com/stories/201205311284.html

Panic Grips Authorities As Auditors Descend On Schools

Submitted by AA Zimbabwe on Thu, 2012-05-31 16:20

[Financial Gazette]

School authorities are now living in fear as government auditors investigate possible abuse of funds by school heads and School Development Associations.

Source:

http://allafrica.com/stories/201205311283.html

Essar Not Pulling Out of Nation - Coovadia

Submitted by AA Zimbabwe on Thu, 2012-05-31 16:08

[Financial Gazette]

ESSAR Global has dismissed claims it was contemplating pulling out of Zimbabwe over delays in finalising its right over iron ore claims that anchored its takeover of beleaguered steelmaker, Zisco.

Source:

http://allafrica.com/stories/201205311282.html

Storm Brewing Over Willowvale Flats

Submitted by AA Zimbabwe on Thu, 2012-05-31 16:07

[Financial Gazette]

A FRESH storm is brewing over the Willowvale Flats Phase II after the Parliamentary Portfolio Committee on Housing and Public Works said allocation should be reversed.

Source:

http://allafrica.com/stories/201205311280.html

Who's Fooling Who?

Submitted by AA Zimbabwe on Thu, 2012-05-31 16:06

[Financial Gazette]

"The country needs to address issues of bureaucracy to allow for hassle-free and easy access into the country by investors from Zimbabwe's major source markets," he was quoted saying.

Source:

http://allafrica.com/stories/201205311278.html

Barclays to Grow Loan Book, Indigenise

Submitted by AA Zimbabwe on Thu, 2012-05-31 16:00

[Financial Gazette]

BARCLAYS Bank Zimbabwe Ltd says it will maintain its prudential lending regime, despite political pressure for aggressive lending to black businesses.

Source:

http://allafrica.com/stories/201205311273.html