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Journalists join EU sanctions list

THE European Union (EU) has added seven journalists with the state media on its expanded list of targeted sanctions released last week.The bloc said the scribes helped to stifle freedom of expression in Zimbabwe, a country whose media laws are deemed repressive.Among the media practitioners are Zimbabwe Broadcasting…

ZESA, Rautenbach strike US$800m deal

MINING magnet, Billy Rautenbach's Zimbabwean-registered investment vehicle, Clidder Minerals, has struck a US$800 million joint venture deal with power utility, ZESA Holdings to extract coal and increase the power-generation capacity at the parastatals' thermal plants, The Financial Gazette established this week.ZESA is facing acute coal shortages to power…

Will unity government hold?

The decision relayed in the afternoon to thousands of MDC-T supporters who had been waiting anxiously since morning, was immediately welcomed by continental and global leaders who gave the unity pact the thumbs up.Tsvangirai, who since signing the September 15 Global Political Agreement (GPA) had been holding back…

MDC to join unity government

Tsvangirai made the announcement after a meeting of the MDC's decision-making National Council. "We are going into this government. That is what the council has decided," Tsvangirai, who is set to become Prime Minister, told reporters. The decision will increase Zimbabwe's chances of recovering from economic collapse and…

Tsvangirai’s moment

There are, however, fears that lack of a general consensus on the way forward might split the party down the middle reminiscent of the October 12 2005 rift that resulted in the formation of the Arthur Mutambara faction. The split was later to deny the MDC-T an outright…

Baptism of fire for Chinamasa

ACTING Finance Minister Patrick Chinamasa faces an uphill task that could be likened to an attempt to fit a square peg into a round hole when he presents the 2009 national budget today.Chinamasa has acquitted himself well as Justice Minister and his negotiating skills have helped ZANU-PF dictate…

Unemployment rate spikes to 94%

In a report titled The Consolidated Appeal Process (CAP) 2009, the United Nations said diminishing opportunities on the country’s job market were causing serious suffering among the increasingly restive Zimbabwean population.“At the close of 2008, only six percent of the population was formally employed, down from 30 percent…