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'US$400m facility won't stabilise Zimbabwe economy'
OLD Mutual Investment Group (OMIG) says the US$400 million funding secured by the government from the African Export-Import Bank (Afreximbank) is insufficient to restore stability to the local currenc...Published: 19 Jul 2023 at 06:43hrs | | by Staff reporter
Corrupt US$400m deal morphs into political fix
The controversial deal to get state-run Zimbabwe Consolidated Diamond Corporation (ZCDC) to acquire a 33% shareholding in Great Dyke Investment (GDI) for US$400 million has taken a political turn, wit...Published: 14 Apr 2023 at 19:46hrs | 6 | by Staff reporter
Govt shields dodgy US$400m deal from political scrutiny
THE government has ring-fenced a filthy US$400 million waste-to-energy Pomona dumpsite deal pushed through by Local Government minister July Moyo (pictured) from political scrutiny and possible ...Published: 15 Mar 2022 at 17:07hrs | 13 | by Staff reporter
Unpacking Nyika Inovakwa Nevene Vayo Philosophy
During our War of Liberation, we had a huge rear base in Mozambique called Mudzingadzi.As with many of our rear bases, Mudzingadzi suffered repeated Rhodesian air raids.One such raid c...Published: 06 Mar 2022 at 08:18hrs | | by E.D. Mnangagwa
Fresh wave of protests loom in South Africa
SOUTH African authorities fear a new wave of uprisings as networks loyal to jailed former president Jacob Zuma seek to force his freedom.Investigators believe the unrest last week, which kille...Published: 18 Jul 2021 at 08:01hrs | | by Staff reporter
State diamond company fails to account for US$400m
THE Zimbabwe Consolidated Diamond Company (ZCDC) has failed to account for the use of money exceeding US$400 million, while also failing to properly account for 352 583.11 carats of diamonds wor...Published: 19 Jun 2021 at 15:06hrs | | by Staff reporter
$400m for urban road rehab
Work has already started on repairing urban roads under the Government's Emergency Road Rehabilitation Programme (ERRP), set up after the MDC-run urban councils had failed, spending much time on polit...Published: 13 Apr 2021 at 06:21hrs | | by Staff reporter
'Foreign medical treatments gobble $400m annually'
Health minister Obadiah Moyo has disclosed that the country is losing about $400 million annually on overseas medical treatments.Moyo made the disclosure in Nyanga, while officially opening th...Published: 30 Aug 2019 at 08:18hrs | | by Staff reporter
Referral system costs Zimbabwe US$400m annually
ZIMBABWE has been losing US$400 million annually through the referral system, at a time the nation was in dire need of the foreign currency, Finance and Economic Development minister Mthuli Ncube has ...Published: 12 Aug 2019 at 08:01hrs | | by Staff reporter
China refuses to give Mnangagwa US$5 Billion
National Patriotic Front Spokesperson Jealousy Mawarire has refused to honour a USD$5 Billion loan that was requested by President Emmerson Mnangagwa's government. He further...Published: 13 May 2019 at 13:24hrs | | by Mandla Ndlovu
Investor injects US$400m into CSC
ONE of the biggest companies in the country, Cold Storage Company is back to life following an affirmed massive capital injection of US$400 million that will be spread over the next five years by its ...Published: 10 Mar 2019 at 09:03hrs | 1 | by Staff reporter
$400m NRZ deal set to top Mnangagwa - Ramaphosa talks
THE National Railways of Zimbabwe (NRZ) US$400 million deal will be one of the key items on the agenda during the South Africa-Zimbabwe bi-national commission meetings when South African President Cyr...Published: 22 Feb 2019 at 09:14hrs | 2 | by Staff reporter
$400m NRZ deal in limbo
GOVERNMENT is reconsidering the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation project to be jointly undertaken by the South African rail, port and pipeline company, Transnet and ...Published: 11 Jan 2019 at 09:54hrs | | by Staff reporter
Jonathan Moyo's lies on Masiyiwa exposed?
On Monday exiled Former G40 Kingpin Professor Jonathan Moyo wrote a scathing statement on Twitter seeking to expose how Telecoms Guru Strive Masiyiwa funded ZANU PF campaign during the bloody 200...Published: 09 Jan 2019 at 13:07hrs | | by Mandla Ndlovu
Mutsvangwa sabotages NRZ?
Presidential advisor Chris Mutsvangwa has been accused of being part of a group of people sabotaging the Diaspora Infrastructure Development Group (DIDG)-Transnet consortium to recapitalise the Nation...Published: 20 Dec 2018 at 14:48hrs | 1 | by Mandla Ndlovu
Liquid Telecom to invest $400m USD in Egyptian network infrastructure and data centres following completion of 'Cape to Cairo'
Harare, Zimbabwe. December 10, 2018 - Leading pan-African telecoms group Liquid Telecom has announced that it is investing 8 billion Egyptian Pounds ($400m US Dollars) in Egypt over t...Published: 10 Dec 2018 at 09:33hrs | | by Mapozho Saruchera
Government approves $400m 5-year diamond mining project
The government has approved a US$400 million five year diamond mining project to increase the value of returns in the capital intensive but viable industry.Renewed interest in the diamond mini...Published: 24 Sep 2018 at 18:21hrs | | by Staff Reporter
$400m for roads rehabilitation
GOVERNMENT is working towards raising US$300 million from bonds issued by the Zimbabwe National Roads Administration (Zinara) for road repairs across the country.Separately, US$100 million has...Published: 15 Jul 2018 at 16:48hrs | | by Staff reporter
NRZ's $400m mega deal equipment incompatible
NRZ is facing a crisis owing to the incompatibility of railway equipment received under the $400 million Diaspora Infrastructure Development Group (DIDG) deal. Sources at the company said some...Published: 24 May 2018 at 08:03hrs | | by Staff reporter
Reserve Bank of Zimbabwe gets $400m to ease cash crisis
CASH shortages will ease in coming weeks after the Reserve Bank of Zimbabwe imported $400 million, while tobacco and gold export earnings are expected to boost liquidity.A shift towards plasti...Published: 13 May 2018 at 07:47hrs | | by Staff Reporter
Chinese investor dangles $1 billion for Ziscosteel revival
CHINESE investor, Zhang Li, who is president of R&FA is in Zimbabwe to finalise the implementation of a $1 billion resuscitation of the Zimbabwe Iron and Steel Company (Ziscosteel), Southern Eye h...Published: 22 Mar 2018 at 05:47hrs | | by Staff reporter
$400m for Darwendale platinum project
Great Dyke Investments (GDI) says it will invest $400 million to build a precious metals mine and smelter at its Darwendale Project near Harare. The investment is the first stage of a total in...Published: 21 Mar 2018 at 06:18hrs | | by Staff reporter
Mnangagwa vows to resuscitate Ziscosteel
Government is working on modalities to resurrect the "sleeping" iron and steel giant Ziscosteel within the first 100 days of Emmerson Mnangagwa's presidency.Addressing chiefs in the Midlands c...Published: 15 Jan 2018 at 05:43hrs | | by Staff reporter
Mnangagwa to form new party
Backers of ousted Zimbabwe vice-president Emmerson Mnangagwa are baying for blood, vowing to regroup and launch a challenge against President Robert Mugabe's Zanu-PF party.Senior members of Za...Published: 13 Nov 2017 at 05:47hrs | | by Staff reporter
NRZ gets $400m lifeline
The State Procurement Board (SPB) has awarded a $400 million tender for the revival of the National Railways of Zimbabwe (NRZ) to a consortium comprising Transnet and the Diaspora Infrastructure Devel...Published: 10 Aug 2017 at 06:46hrs | | by Staff reporter
Mugabe to officiate Beitbridge-Harare Highway dualisation ground breaking ceremony
The ground breaking ceremony to be officiated by President Robert Mugabe for the $998 million Beitbridge-Harare Highway dualisation project has been scheduled for May 5 this year at Chaka.This...Published: 29 Apr 2017 at 08:06hrs | | by Staff Reporter
NetOne restructuring paying off
The government’s move to restructure NetOne is paying off, with the latest telecommunication sector quarterly report showing the mobile phone company closing in every day on its main rival. ...Published: 27 Oct 2016 at 07:29hrs | | by Staff reporter
Govt blows $400m on Zim-Asset
Government spent more than US$400 million on projects under the Zimbabwe Agenda for Sustainable Socio-Economic Transformation in 2015, with more resources expected to be channelled towards energy, hou...Published: 15 May 2016 at 13:33hrs | | by Brian Chitemba
Mugabe era draws to a close
For much of January, Harare, the charming if somewhat faded capital of Zimbabwe, was awash with rumour. While Robert Mugabe, the president who has dominated the country for 36 years, was on a break in...Published: 23 Feb 2016 at 12:58hrs | | by David Pilling and Andrew England
WATCH: Dangote to start multi-million operations in Zimbabwe
Nigeria's Dangote Group is set to begin operations in Zimbabwe soon.This was said by the chief strategist of the multi-billion dollar company, Abdu Mukhtar, who is currently in the southern Af...Published: 15 Jan 2016 at 12:00hrs | | by Staff reporter
Govt bans second hand clothes imports
Government has banned with immediate effect second hand clothes imports a move that directly affects flee market operators.Many people had resorted to buy cheap second hand underwear at the se...Published: 30 Jul 2015 at 14:12hrs | | by Thobekile Zhou
SADC summit should address mineral resource question
SADC Summit should address where the bloc's gold and other valuable minerals are - and who really owns them?Southern Africa Development Corporation (SADC) should use its Victoria Falls Summit...Published: 15 Aug 2014 at 07:23hrs | | by Tawanda Museve
Zimbabwe's FDI inflows stagnate at $400m
Foreign investors have failed to react to Zimbabwe's foreign investment attraction policies as the country's foreign direct investment figures last year stagnated at $400 million, the United Nations C...Published: 25 Jun 2014 at 19:08hrs | | by Staff reporter
Zim govt to pay back $400m seized by RBZ from FCAs
TOUR and Adventure operators in Victoria Falls have applauded the government for committing to address the issue of funds taken from their Foreign Currency Accounts by the Reserve Bank of Zimbabwe at...Published: 04 Nov 2013 at 02:24hrs | | by Staff reporter
Belgium demands lifting of Marange diamond sanctions
Brussels - Belgium, centre of the global diamond trade, is demanding that the European Union lift sanctions on a Zimbabwean mining firm despite deep concerns within the bloc over alleged fraud in a J...Published: 06 Sep 2013 at 08:06hrs | | by Reuters
Mega industrial city for Lupane
Another seemingly ambitious plan for Matabeleland region has once again been revived.Following years of recommendations and studies on possible projects to tap into the huge coal deposits in M...Published: 05 May 2013 at 06:09hrs | | by Levi Mukarati
Government negotiating with SA company to revive railway network
THE government says it is negotiating a build, operate, transfer (BOT) deal with an unidentified South African company to rehabilitate the rail network at an estimated cost of $340m.The work w...Published: 13 Feb 2013 at 17:19hrs | | by John Batwell I railjournal
Zimbabwe turns to SA and Angola for budget support
Zimbabwe is turning to South Africa and Angola for help in plugging a $400m hole in its budget, Finance Minister Tendai Biti said on Thursday, lamenting a lack of foreign investment and aid from its t...Published: 07 Sep 2012 at 07:08hrs | | by Reuters
Full-text: President Tsvangirai's End of year address to Parliament
Introduction Mr Speaker Sir, it is with great pleasure that I stand before this august House to make a year-end statement to the honourable members on m...Published: 15 Dec 2011 at 10:56hrs | | by MDC-T
Zimbabwe Central Bank is 'an empty shell', Gono
Gideon Gono, the Zimbabwe Reserve Bank governor has confirmed that the country's central bank is "an empty shell", and called on the government to step in with an urgent rescue plan, Business Day On...Published: 20 Jul 2011 at 11:51hrs | | by Ndou Paul
Is Zanu-pf snub of elections funding official Zimbabwe policy?
The recent snub of EU and UN funding for elections by Zanu-pf should not be taken as official Zimbabwe policy because it was not sanctioned by the coalition government, at least until the other partie...Published: 28 Apr 2011 at 16:26hrs | | by Clifford Chitupa Mashiri | Political Analyst, London
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