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Foreign direct investment drops 22 percent

Foreign direct investment drops 22 percent

[caption id="attachment_161724" align="alignnone" width="300"] Finance Minister Patrick Chinamasa and the Reserve Bank of Zimbabwe governor, John Mangudya[/caption] ZIMBABWE’S foreign direct investment (FDI) inflows retreated 48,6 percent from $372 million in 2016 to $289 million last year, a World Investment…

World Bank bearish on Zimbabwe’s growth

World Bank bearish on Zimbabwe’s growth

[caption id="attachment_51386" align="alignnone" width="300"] The World Bank headquarters.[/caption] THE World Bank sees Zimbabwe’s growth rate easing to 2,7 percent this year, compared to the 3,4 percent estimated last year. The forecast is higher compared to the 1,8 percent projected…

Parliament wants Intratrek’s Gwanda solar project contract cancelled

Parliament wants Intratrek’s Gwanda solar project contract cancelled

[caption id="attachment_160233" align="alignnone" width="300"] Businessman, Wicknell Chivayo[/caption] A parliamentary committee has recommended that the $202 million Gwanda Solar Project tender, which was awarded to controversial firm Intratrek Zimbabwe in 2015, be immediately withdrawn and that former ministers…

Bigwigs in fresh land grabs

Bigwigs in fresh land grabs

[caption id="attachment_164550" align="alignnone" width="300"] President Emmerson Mnangagwa[/caption] ZIMBABWE last year experienced renewed land expropriations, with an increase in cases of powerful politicians and their cronies evicting beneficiaries of the land reform programme, especially those on prime agricultural land and wildlife…