Friday, September 21, 2018
Enacy Mapakame HARARE - Industrialists have their work cut out as they converge in Bulawayo next week for the Confederation of Zimbabwe Industries (CZI) annual congress where they are expected to deliberate on industry challenges and map the way forward for its resuscitation and economic boom. CZI president Sifelani Jabangwe said...
George Maponga MASVINGO - Two private companies have formally applied to the Zimbabwe Energy Regulatory Authority (ZERA) for a licence to build two power generation plants at Tugwi-Mukosi Dam in Chivi and Nuanetsi Ranch in Chiredzi in a development expected to make Masvingo a major power producer in the country. Triangle...
Tawanda Musarurwa HARARE – Zimbabwe’s annual inflation rate rose 0,54 percent to 4, 83 percent in the month of August, latest figures from the Zimbabwe National Statistics Agency (ZimStats) show. This was a significant marginal upturn from the July 2018 figure of 4,29 percent. “The year on year inflation rate (annual percentage...
Munyaradzi Musiiwa MIDLANDS - Metropolitan Bank (MetBank) has availed a $10 million loan facility to small scale and artisanal miners. The loan facility is in form of equipment, chemicals and other mining related accessories that would be accessed by registered small scale and artisanal miner to enhance productivity. MetBank Executive Director Banking,...
BH24 Reporter CHINHOYI - Old Mutual Zimbabwe has opened their one-stop-shop branch in Chinhoyi to offer clients their main financial and banking services under the Greenzone shop brand name. Speaking during the opening of the new branch in Chinhoyi Old Mutual Zimbabwe Group CEO and Old Mutual Rest of Africa CEOJonas Mushosho said: “The commissioning of this...
Thupeyo Muleya Beitbridge - The National Social Security Authority (NSSA) is working on a finalising an agreement with a leading hotel company that will see its Beitbridge hotel re-opening with mixed facilities including accommodation, a casino, tertiary institution and serviced apartments it has emerged. The 136 room state-of the art built...
Golden Sibanda Government says it will engage China’s Anhui Foreign Economic Construction Company (AFECC) to resolve fresh issues that appear to have stalled progress on the implementation of the $1 billion Harare - Beitbridge Highway project. AFECC was awarded the tender for the Harare - Beitbridge dualisation last year after Austrian...
Martin Kadzere The Insurance and Pensions Commission (IPEC) is pushing to have outstanding contribution arrears to local pension funds amounting to $600 million ring-fenced and amortised over a 20-year period — to give the sponsoring employers financial breathing space to recover. The liabilities as at December 31, 2017 constituted 15 percent...
Tawanda Musarurwa Zimbabwe’s trade with China was just above $1 billion last year, and there is need to put in place measures to increase economic activities between the two countries, Zimbabwe’s Ambassador to China Paul Chikawa has said. Ambassador Chikawa said the two countries have historical strong bilateral ties, and this...
Kudzanai Sharara Construction company, Masimba Holdings Limited, recorded a double digit growth rate in revenue for the half year to June 30, 2018, boosted by a solid order book in the housing infrastructure, commercial buildings and civil engineering segments, the company said on Wednesday. Masimba, which provides engineering and infrastructure solutions...