Zimbabwe: White Farmer Battles Mugabe's Top Aide in 'Last Minute' Scramble for Land. A white commercial farmer in Matabeleland South in southern Zimbabwe is battling to have President Robert Mugabe's top aide leave a prime property, in what critics view as a "last minute" scramble for land akin to the biblical "last supper". Ray Ndlukula, the deputy secretary for cabinet and president's office, has laid siege on the farm located in Figtree amid revelations in court documents that are in News24's possession that he has other properties in the province. The tussle for the prime property, which at one time supplied the entire Matabeleland and midlands with vegetables and milk, is turning out to be a long drawn out and expensive fight. David Connolloy says he has been to and from the courts but with little success to get Ndlukula off the property so he can do what he know best: farming. Centenary Farm has been in the Connolloy's family hands since time immemorial, locals and the farmer say.
But is now under siege from the top civil servant. 'Invalid offer letter' Last supper. Zimbabwe: Chinese Seek 65 Percent Stake At Kamativi, Mugabe Refuses to Bend Indigenisation Law. PRESIDENT Robert Mugabe refused to bend the indigenisation policy in favour of the Chinese who wanted a 65 percent stake at the Kamativi Tin Mine, minister Walter Chidhakwa has revealed. Appearing before the MPs on Monday, the minister of mines said Kamativi Mine is now set to re-open after the Chinese finally dropped their demands and agreed to finance the deal to the tune of $100 million. Chidhakwa revealed that the joint venture was delayed by the Chinese who wanted a waiver of the indigenisation policy which stipulates that any foreigner can only have a maximum of 49 percent stake in any business.
"The negotiations had been stuck over the indigenization policy as Chinese government wanted 65 percent equity and I discussed the Chinese proposal with President Robert Mugabe and he refused to change the indigenisation policy in their favour and said we must implement the 51percent to 49 percent which they have agreed to," he said. Black Empowerment; Mugabe Is Being Forced To Abandon His Platform. President Robert Mugabe’s most common message is a direct opposition of white superiority and a huge support for black empowerment. A lot of the policies he implements and a bulk of the addresses he gives even on the international stage show this out spectacularly. At the 2016 United Nations General Assembly, for instance, he had blatantly blamed the West again for most of Zimbabwe’s woes, making reference to the sanctions placed on Zimbabwe by the United States and its allies.
See Also: Mugabe Blames The West Again For Zimbabwe’s Woes In UN Speech Beyond his often controversial statements and addresses on the note of the West’s role in Africa’s downfall, are a series of controversial laws that he implemented in his own country to transfer the control held by the country’s white minority to black Zimbabweans. One of such black empowerment agenda’s was the indigenization law that required foreign-owned firms to transfer a majority of their shares to black Zimbabweans. Zimbabwe: China Mega Deals On Course - Envoy. IMPLEMENTATION of the mega deals signed between Zimbabwe and China last December is on course with teams from both countries working flat out to ensure their success, China's top diplomat here has said. Ambassador Huang Ping said Beijing was also working hard to source funding for the projects worth over $4 billion, that were signed between the two countries during President Xi Jinping's State visit here in December last year.
He made the remarks after paying a courtesy call on Minister of Policy Co-ordination and Promotion of Socio-Economic Ventures in the President's Office, Ambassador Simon Khaya Moyo at his Munhumutapa offices in Harare yesterday. "We talked about our good relationship and how to further strengthen this relationship and expand our cooperation," said Ambassador Huang. "Mega deals were signed and witnessed by the two Presidents when President Xi Jinping came to Harare. "We are working very hard. "There are more than 10 deals signed and more are going to come. Zimbabwe: Surrounded By Diamonds, Villagers Go Hungry in Drought-Hit Zimbabwe. By Andrew Mambondiyani Mutare — Shylet Mutsago, a 63-year-old who lives near the diamond fields of Marange, cannot hide her anger over how mining in this gem-rich part of eastern Zimbabwe has failed to improve the lives of local people.
From a distance she watches as companies turn the ground over in search of the alluvial diamonds, releasing clouds of red dust into the sky. "Our hopes of benefiting from the diamonds are gone," she said. "And with this severe drought we are now placing our lives in the hands of God. We are living close to these diamond mines, yet we are starving. " As crops fail due to a lack of rain, some villagers can no longer afford even one proper meal a day, and are surviving on wild fruits like baobab, Mutsago said. Amid frequent drought, people in Marange had hoped the diamond industry would invest in reviving irrigation schemes. "Just a few diamond stones could have helped change our lives, but no one seems to care," said Mutsago. Drought-Stricken Zimbabwe Declares State of Disaster. Cattle, thin like their owners, wander in a parched riverbed.
Desperate villagers barter a few fish for maize because there is no money for food. In this drought-stricken area of Zimbabwe, some people allege that who you know determines whether you'll get state food aid, with those out of favor with local officials going hungry. Underscoring the severity of the drought linked to the El Nino weather pattern hitting much of southern Africa, Zimbabwean President Robert Mugabe declared a state of disaster Thursday, with the hope of speeding up the flow of aid to needy communities. The drought has devastated crops. Mugabe's declaration makes it easier for the World Food Program and other agencies to mobilize assistance for Zimbabwe, Eddie Rowe, WFP country director, said Friday. The number of Zimbabweans in need of urgent food aid has spiked to about one quarter of the population of 13 million people, according to the WFP, a United Nations agency.
Zimbabwe: Zim Working On Diamond Bourse - Consultants Hired to Spearhead Project - Plans to Become Regional Trading Hub. By Lloyd Gumbo Zimbabwe has started the process of turning itself into a regional diamond trading hub by inviting consultants to help establish its own diamond bourse expected to attract traders from all over the world. The move follows a study trip undertaken by the Government and mining parastatals' officials to the Antwerp Diamond Trading Centre in Belgium in 2013. The officials have consulted further, resulting in the Minerals Marketing Corporation of Zimbabwe (MMCZ) inviting consultants to spearhead the establishment of the bourse. Bidding consultants will hold a second compulsory site visit at the MMCZ offices in Harare tomorrow ahead of the closing of the tender on January 26. The diamond bourse will be a standardised one-stop shop for trading in diamonds and semi-precious minerals and will change the face of Zimbabwe.
It is envisaged that with the bourse in place, Harare will be turned into a diamond city. African Law and Business - Articles - Zimbabwe: finally paving the way for foreign investment in transport infrastructure? Tatenda Mawere and Sharon Bwanya of MawereSibanda Commercial Lawyers in Harare, look at new legislation which could provide clarity for investors in infrastructure and transport in Zimbabwe. Existing Zimbabwean legislation currently does not provide, in clear and certain terms, the extent to which private players may participate in the provision, maintenance and management of transport infrastructure. The Road Traffic Act [Chapter 13:11] provides for the establishment of a ‘Road Fund’, the Zimbabwe National Road Administration (ZINARA), and roads authorities – these include the Department of Roads within the Ministry of Transport and Infrastructural Development, rural district councils, municipalities, town councils and local boards.
In Zimbabwe, the Urban Councils Act [Chapter 29:15] confers, among others, road infrastructure functions and powers of town councils, municipal councils and local boards. Councils may also contract with private persons for the provision of parking services. Zimbabwe: New Indigenisation Framework Unveiled. Photo: The Herald Zimbabwe's president Robert Mugabe. By Felex Share Government yesterday unveiled a new framework to the Indigenisation and Empowerment Policy containing a cocktail of measures expected to complement other initiatives to attract local and Foreign Direct Investment.
Over the past few weeks, Finance and Economic Development Minister Patrick Chinamasa and his Youth, Indigenisation and Economic Empowerment counterpart Patrick Zhuwao appeared to differ on the framework and last week had to cancel a joint media briefing they had planned. The ministers, however, managed to find each other under the direct supervision of Acting President Phelekezela Mphoko and yesterday held a joint Press conference with Reserve Bank of Zimbabwe Governor Dr John Mangudya to unveil the new indigenisation framework developed in line with Zim-Asset and the 10-Point Plan for Economic Growth enunciated by President Mugabe in his State of the Nation Address last year.
The amount is yet to be fixed. Zimbabwe: Govt Overhauls Indigenisation. Photo: The Herald Indigenisation minister Patrick Zhuwao following a savage attack on Finance counterpart Patrick Chinamasa By Elias Mambo Government has reluctantly taken bold steps to overhaul and remove rough edges on its controversial indigenisation and economic empowerment policy in material changes expected to be announced today in a major climb-down as pressure has been brought bear on it by investors and critics, the Zimbabwe Independent can reveal.
Information obtained this week shows Indigenisation minister Patrick Zhuwao is expected to address a press conference in Harare today, with Finance minister Patrick Chinamasa and Reserve Bank governor John Mangudya, to announce significant amendments and changes to the policy widely seen as racketeering by regulation which has damaged the economy by spooking and keeping investors at bay, while triggering capital flight running into billions of dollars. Zim car imports cost $4 billion. Business Reporter— ZIMBABWE has spent about $4,87 billion on car imports since 2009 as consumers continue to shun the limited and more expensive local market. According to statistics from the 2016 National Budget car imports value more than doubled in 2010, increasing to $1,81 billion from $428,4 million in 2009.
The figure remained almost flat the following year before hitting a record in value terms in 2012 after vehicles worth $1,1 billion were imported. Between 2009-12, the economy grew by at average rate of 11 percent per annum. However, GDP growth decelerated sharply from 10,6 percent in 2012 to 4,5 percent in 2013. The decline in the import bill of motor vehicles is however, synonymous with rest of the economy due to loss of disposable income among households. “I think as a country we must accept that we are not competitive in the motor industry,” said one analyst. “We must not waste our energy in monitoring the import bill on motor vehicle. Zimbabwe to become region’s economic hub. Mr Bader Nasir Alhouti Felex Share Senior Reporter ZIMBABWE will soon be an economic hub in Southern Africa and Switzerland would not want to miss out on that opportunity, newly appointed Swiss representative to Zimbabwe, Mrs Ruth Huber said yesterday.
Mrs Huber’s comments come hard on the heels of the release of the 2015 United Nations Development Programme report on Monday, that ranks Zimbabwe as having the fastest average growth in human development and the most improved quality of life in Africa. Mr Kumar Gupta Zimbabwe topped the 52 countries surveyed, among them Botswana, Namibia and South Africa. European countries and the United States — that imposed illegal economic sanctions on Zimbabwe at the turn of the new millennium — have also been making overtures to engage Zimbabwe in a bid to benefit from the vast investment opportunities in the country that have seen China and Russia strike multi-billion mega deals with Government.
Mr Moayad Fathallah El Dalie Mrs Kamwendo. Think you know Zimbabwe? Here are 10 things that might just surprise you. ON Friday, July 3, Mail & Guardian Africa held a Zimbabwe Trade and Investment Forum at the Hyatt Regency in Johannesburg, South Africa, to explore ways in which businesses could help generate an economic comeback for the country. “Why?” , many asked ahead of the forum, “does Zimbabwe have anything to offer today?” Yes, the country has an incredible history, and institutional strengths that can serve it well.
Here we look at 10 things about Zimbabwe, some of which will surprise those who follow only its controversial political story: 1. Zimbabwe hosted Africa`s first ever sponsored horse race, The Castle Tankard in 1960. 2. 3. 4. 5. 6. 7. 8. 9. 10. Zimbabwe’s FDI inflows up 36% to $545m in 2014 on mining, infrastructure | Customs Today Newspaper. HARARE: Zimbabwe’s foreign direct investment leapt to $545 million in 2014 – less than 5 percent of the country’s GDP— from $400 million in the previous year. The spike was driven by interest in mining, infrastructure and services but the country still lags regional rivals, the latest United Nations world investment report has shown. Zimbabwe Investment Authority (ZIA) chief executive Richard Mbaiwa said investors had shown a keen interest in the capital intensive energy and mining sectors as the country re-engages with the international community.
“There has been a significant improvement in the levels of investment for Zimbabwe despite the fact that the region remained flat at $54 billion,” Mbaiwa said at the launch of the United Nations Conference on Trade and Development World Investment Report for 2015 in Harare on Wednesday. The report shows that FDIs to Zambia increased to $2,4 billion from $1,8 billion while inflows to South Africa fell to $5,7 billion from $8,3 billion. Samsung to set up TV, fridge plant in Zim | The Zimbabwe Daily. KOREA-BASED telecoms manufacturing giant Samsung yesterday signed a $10 million deal with a local company, Cranbal Investments, that will see the international firm setting up a television and refrigerator assembly plant in Zimbabwe next year. Cranbal Investments is the majority shareholder in ART Corporation. Speaking at the signing ceremony in Harare, Cranbal Investments chairman Moses Chundu said they expected to spend $1 million on the television plant which would assembly TV sets ranging from 28 inches to 55 inches.
Chundu said the fridge assembly plant will also cost $1 million and would involve putting together over 15 parts to make chest freezers and the 3050 TMF model. “Knockdown kits for the first year of operation are valued in the range of $7 million financed from Korea. “After adding the value of the plant and fittings all to be financed from Korea, the investment scale is in excess of $10 million,” Chundu said. “I hope we will see expansion and increase of trade with Korea.
Zimbabwe prepares to sell beef to Russia. Zimbabwe: More Mega Deals Struck in China. Zim must catch up on 'wasted decade' | Namibian Sun. The Telescope News - Zimbabwe targeting $2 bln worth of investments by 2018. Chinese investment up +5,000 percent | The Chronicle. Zimbabwe leads the world in solar-powered toll gates.
Alternative Energy Africa. Zimbabwe farm seizure turns black worker’s life around | African News. Internet is ‘digital oxygen’ for Zimbabwe’s growth – government. Zimbabwe to Seize Mines While Compensating Banks. Alternative Energy Africa. China remains Zimbabwe's top investor.