Wednesday, January 16, 2019
Golden Sibanda Listed multi-commodity miner RioZim limited, has selected Sino Hydro’s sister company Power Construction Engineering Company (Power China) to build its $2,1 billion coal fired power plant in Sengwa, Gokwe North, in a development that will further ameliorate electricity shortage in Zimbabwe. Sengwa power station will on completion generate 2...
Clive Mphambela Market distortions are not only a source of vulnerability for the economy, but they are a hindrance to growth. The existence of a plethora of financial market distortions across the Zimbabwean economy should be a cause for concern for policy. As we progress to put in place an economic...
Paul Bates Technology has radically revolutionised the way companies are conducting their business. Financial technology (often referred to as fintech) is one such technology that has fundamentally changed how organizations, small, medium and large, process and use their financial information. However, like any other technology, there is a lot of...
Hebert Zharare Growing up and playing in dusty roads at Magunje Growth Point in the 1980s, Thomas Chasara, envied the entrepreneurial skills and business acumen his father displayed when running an auto repair business at the centre. There was brisk business, especially when maize transporters using tractors, light trucks and lorries...
The Zimbabwe economy faces the real risk of plunging into a recession this year if companies continue struggling to get foreign currency, according to findings by a UK-based economic research firm, BMI. But it strongly contends that the new dispensation has brightened the chances of Zimbabwe obtaining concessional funding from...
Taurai Mangudhla Zimbabwe could still be losing millions of dollars worth of potential revenue from diamonds, through leaks orchestrated by a closely knit syndicate according to a recent intelligence report. As such, a red flag has been raised at the Zimbabwe Consolidated Diamond Company (ZCDC) against the backdrop of serious allegations...
Russia intends to set up a Special Economic Zone in Zimbabwe for companies from that country to operate from, as part of a broader thrust to pursue mutually beneficial economic ties with Harare, Foreign Affairs Minister Sergey Lavrov said on Thursday. Lavrov, who was in Zimbabwe on his fourth leg...
Chris Chenga President Mnangagwa’s first one hundred days were not going to result in actual investment and jobs. That was an unrealistic metric; inconceivable for any observer cognisant of Zimbabwe’s political stature at the time that he took office. Erudite observers would understand that any significant gains a new administration...
Martin Kadzere The Victoria Falls Bridge -- connecting Zimbabwe and Zambia -- has outlived its lifespan and needs to be urgently reconstructed to avert potential structural failures. Built about 112 years ago, the bridge has outlived its lifespan by 12 years and the Infrastructure Development Bank of Zimbabwe says it...
During the past three months, Zimbabwe has become a centre of attraction as investors from leading global corporates are taking positions with the view of investing in the country. This follows the take-over of power by President Mnangagwa following the resignation of former president Robert Mugabe in November 2017...