Hararetribune.com

Friday, Mar 12th

Last update:12:39:15 AM GMT

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Business & Tech

Business & Tech

IMF giving itself 'too much power'

The head of the International Monetary Fund on Tuesday defended plans to create a 100 billion dollar fund to help countries mitigate the effects of climate change.

Cabinet to review 51% black firm ownership law

Zimbabwe's cabinet will review new local ownership rules that have sparked concern among business leaders, the industry minister said Wednesday, saying the law had been published "prematurely".

Firm local ownership bad for the economy

Zimbabwe's new local ownership law, requiring locals to own 51 percent of major foreign firms, could hurt the nation's economic recovery, the main labour body said Monday.

Zimbabwe inflation at -4.8% in January

Consumer prices in Zimbabwe fell by 4.8 percent January, compared with the same month last year, but the downward trend was slower than in December, the government said on Thursday.

Halt all Marange diamond mining operations, ZANU-PF firms ordered

Zimbabwe's Supreme Court has ordered two government mining firms to stop operations on British-owned diamond mining fields plagued by human rights abuses, state newspapers reported Thursday.

British firm's mining license, cancelled

Zimbabwe has cancelled a British firm's mining license, the company's lawyer said Tuesday, in the latest tussle over diamond fields plagued by human rights abuses.

Mugabe wants to sell all Marange diamonds on the black market

Zimbabwe President Robert Mugabe on Wednesday threatened to defy the Kimberley Process to sell diamonds from a field where the global regulator accuses the military of forced labour and other abuses.

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