The Financial Gazette heard this week that several companies  extended their shutdown periods from mid-January to mid-March with others having deferred their re-opening to more distant dates hoping by then there would be positive change in the country's economy.Industry had hoped for rapprochement between the country's main political…

ZABG CEO, Stephen Gwasira, People’s Own Savings Bank (POSB) head, Admore Kandlela and NMB Bank CEO, Benefit Washaya have stayed put in their positions nearly a month after RBZ governor, Gideon Gono, ordered them to leave.Gono read the riot act on POSB, NMB, ZABG and CFX Bank early…

The United Nations Children’s Fund said governments across the world, including those critical of Zimbabwe, have channeled more than US$10 million in aid through various organisations, in drugs, equipment and cash to procure water treatment chemicals to fight the fast spreading disease, but the country’s collapsing economy was…

Her lawyer, Beatrice Mtetwa, filed the application with the Supreme Court on Tuesday.Mukoko, together with about 15 Movement for Democratic Change (MDC-T) activists, are being accused of plotting to oust President Robert Mugabe through unconstitutional means. The accused have been in custody for nearly two months.On Monday Mukoko…

 Taylor was last Friday granted $150,000 bail and ordered to surrender his travel documents.He had been expected to appear in court on allegations of practicing journalism in the country without accreditation.He is however, thought to have jumped the border after evading immigration officials at Beitbridge Border post.Taylor was…

The deployment comes in the wake of a statement last week by Reserve Bank of Zimbabwe (RBZ) governor, Gideon Gono, that the country was losing an estimated US$1,2 billion a month in revenue to illegal diamond diggers. Gono said Zimbabwe's economy could be turned around in the next…

Recently, the United States-based Kellog Foundation, which bankrolled projects in southern Africa amounting to US$350 million since 1986, withheld funding after uncovering financial irregularities on some of its projects. The Associated Press reported last week that the Global Fund to Fight AIDS and other communicable diseases is demanding…

  The Financial Gazette can reveal that Metallon's five mines account for 14 percent of the jobs in the gold mining sector. The company can also extract up to 40 percent of the industry's total gold output. The mines have been weighed down by the rising production costs…