Police have arrested an African Consolidated Resources (ACR) Finance Officer Mr. Ian Harold Harris for allegedly misrepresenting facts in acquiring diamond mining claims in Chiadzwa. Harris is on Monday expected to appear before a Mutare Magistrate Court on four counts of fraud and one count of contravening a section of the Criminal Law (Codification and Reform) Act.
Informal traders who were allocated vending sites at Harare South flea market near Boka Tobacco Auction floors say business is booming as the farmers have disposable income to buy various household wares, equipment as well as electrical goods.Read More
Government has re-appointed Reserve Bank of Zimbabwe Governor Dr Gideon Gono as chairman of a new central bank board whose mandate is to restore viability of the bank and craft policies to consolidate macro- economic gains.
The new boardÂ which was announced by the Finance Minister Tendai Biti is expected to play a leading role on the turnaround strategy of the Reserve Bank of Zimbabwe .
African governments have been challenged to consider the setting up of home grown capacity building and lending institutions considering preferential treatment of emerged and emerging economies by IMF and World Bank.