Monday, October 15, 2018
Enacy Mapakame HARARE - The new Government is serious on parastatal reforms implementation and significant progress is anticipated in the next one year as part of efforts to enhance efficiency and transparency, a senior official has said. This is also in line with Government’s plan of achieving a middle income economy...
 Michael Tome HARARE – The Ministry of Environment and Tourism and Hospitality says Zimbabwe will host a Zimbabwe – Zambia Joint Tourism Technical Committee meeting (JTTC) from September 23 to 24 in in Victoria Falls. The JTTC discussions will cover areas of tourism cooperation including joint tourism promotion, promotion of cultural...
Walter Mswazie MASVINGO - Government has announced plans to set up an ammonium sulphate plant in Bikita in development that will see the country saving in excess of $50 million in hard currency per annum for water purification chemicals. Mines and Mining Development Minister Winston Chitando said the plant will be...
Tawanda Musarurwa HARARE – The Government has negotiated several foreign currency facilities that are set to improve the foreign currency shortages in the country, as well as curb parallel forex market activities, President Emmerson Mnangagwa said today in his inaugural State of The Nation Address (SONA). Prevailing shortage of foreign currency...
HARARE - London-based emerging market fund Gemcorp Group said on Monday it had extended a $250 million loan to Zimbabwe to help the country import essential goods like electricity, fuel and medicine, the company’s CEO said. The southern African nation is facing its worst shortages of cash dollars since it...
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...
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...
Michael Magoronga Zimbabwe Electricity Supply Authority (ZESA) has cut off power supply to Kwekwe based ferrochrome producer, Portnex Private Limited over a bill estimated to be hovering above $28million. Portnex is producing ferrochrome using the Zimasco Western Plant on a 5 year lease agreement. ZESA Holdings Public Relations Manager Mr Fullard Gwasira...
Tawanda Musarurwa HARARE - Zimbabwe Platinum Holdings (Zimplats)’s profit for the year to June 30, 2018 slid 94 percent to $2, 6 million from $45, 5 million in the prior comparable period. During the period under review, the platinum giant’s deferred tax charge was significantly higher than the prior year because...