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Zimbabwe carer plundered widower's £350 000 estate

Zimbabwean carer who fleeced a widower of his life savings, including a £200,000 home, has been warned she faces a lengthy jail term after being convicted on three counts of fraud by an English court.
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BUSINESS

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India purchases 83 percent of Zimbabwe diamonds

Indian buyers snapped up about 83 percent of diamonds from Zimbabwe’s controversial Marange mines that were auctioned in Harare last week, according to reports from the Asian country.
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McDonald's to open restaurants in Zimbabwe

US-based fast food giant McDonald's has cast its sights on Zimbabwe, 11 years after its initial plan to start restaurants in the country failed due to an unprecedented economic and political crisis....
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New Dawn reports US$3.55 million in gold sales

New Dawn Mining Corp. (TSX: ND) reported that New Dawn's Turk Mine in Zimbabwe produced 3,243 ounces of gold or 100.9 kg's for the quarter ended June 30, 2010, as compared to 3,395 ounces of gold or 105.6 kg's for the quarter ended March 31, 2010....
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Zimbabweans washing dirty U.S. dollars

The washing machine cycle takes about 45 minutes — and George Washington comes out much cleaner in the Zimbabwe-style laundering of dirty money....
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Zimbabwe debt will increase to US$9 billion

Zimbabwe external debt, which phenomenally surged to US$7,1 billion in 2009, will shoot by eight percent to US$7,6 billion while the local debt will increase to US$1 billion by the end of 2010, statistics from the International Monetary Fund (IMF) showed last week....
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Cash-strapped Zimbabwe diplomats to vacate upmarket houses

Cash-strapped Zimbabwe, which owes its envoys posted throughout the world nearly US$30 million in salary arrears, has directed its foreign diplomatic missions to vacate upmarket houses they are currently occupying in host countries and find cheaper accommodation as it can no longer pay rentals....
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PM Tsvangirai receives Honorary degree of Doctor of Laws

Prime Minister and Head of Government Mr. Morgan Tsvangirai has been conferred with an honorary degree of Doctor of Laws by Pai Chai University, the 13th such honorary degree conferred to an individual in the 125-year history of this United Methodist Church institution. ...
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Non-existent firms awarded diamond mining claims

NON-EXISTENT companies were allegedly used to acquire 214 diamond mining claims in Marange in 2006, a Mutare court heard last week. ...
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Ministers bleeding state coffers by flouting foreign travel restrictions

In a development that exposes the rampant abuse of control systems in the inclusive government and how the polarity in the coalition is being taken advantage of for selfish gain by high-ranking office bearers, several ministers have been accused of bleeding State coffers by flouting foreign travel restrictions....
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Prime minister locked out of Zimbabwe House

Prime Minister Morgan Tsvangirai is still staying at his modest Strathaven home seven months after his appointment because President Robert Mugabe has refused him permission to move to a state-owned residence....
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POSB records loss of US$796 000

Zimbabwe POSB has recorded a loss of US$796 000 for the half-year ended June 30, 2009....
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