Failure, scandal and success: Taking stock of Mnangagwa’s China ‘mega deals’
In April this year, the State-controlled Herald splashed a triumphant headline across its front page: “Chinese company to build $7bn tourism city”. A Chinese firm, the Touchroad Group, planned to build a $7 billion tourism city in Zimbabwe, the paper said, gleefully adding that this came as “investor interest in Zimbabwe by international tourism players […]
Zimbabwe government pumps $200m into ailing parastatals
Zimbabwe’s cash-strapped government has pumped nearly $200 million into the country’s struggling parastatals. This comes as calls have been getting louder for the cash-strapped country to restructure its loss-making parastatals to make them attractive for foreign investment and recapitalisation. Market experts said the opportunity cost of missing revenue from government enterprises was being felt across […]
Potraz Threatens Subscribers Over Social Media
THE Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) on Wednesday issued a strong warning against the “abuse” of social media in the country, after a flurry of messages flooded the internet urging people to stay away from work. The stay away, which paralysed the country after supermarkets, industries and commuter omnibus operators grounded operations, […]
