HARARE (Reuters) - Zimbabwe agreed on Wednesday to pay $3.5 billion in compensation to white farmers whose land was expropriated by the government to resettle black families, moving a step...
Zimbabweans are coming forward with blankets and handfuls of money to help the families of their dead and dying countrymen in the wake of the powerful Cyclone Idai that ripped through the country in the last week killing 1000 people in Mozambique and at least 200 in Zimbabwe. The government of Zimbabwe also gave $50 million and sent hundreds of soldiers to help those suffering in the east of the country. This is the world from Zimbabwe’s finance minister Mthuli Ncube in an exclusive interview with CNBC Africa.
The controversial black ownership law in Zimbabawe is dead. The requirement that black Zimbabweans own majority stakes in foreign owned business – that has hurt investment in the country for more than a decade -is going out of the window. So says the finance minister Mthuli Ncube in an exclusive interview with CNBC African.
Zimbabwe's mining industry needs to be "reorganised" so that it contributes more towards the African country's economy, President Robert Mugabe said on Tuesday.