ABSA, Standard Bank agree US$193m funding deal to build new Zimbabwe hospitals

Zimbabwe is to raise US$193 million in offshore lending to implement a 2019 agreement with UK infrastructure company NMS for the construction of hospitals and clinics in the country.ABSA and S...

Zimbabwe welcomes IMF financial package

Zimbabwe has received a decisive economic boost from the International Monetary Fund (IMF) after the institution availed 961 million United States Dollars in a Special Drawing Rights allocation....

Telecel announces $200m deal - moves to close coverage gap and introduce LTE

HARARE - The Minister of ICT, Postal and Courier Services, Honourable Supa Mandiwanzira has announced that Telecel will be unveiling LTE and expanding the mobile company's network coverage through a g...

African leaders pledge to fight for a deal on climate change

An opportunity to emphasize the link between climate and development As African leaders, climate change experts and scholars understand it, the climate...

Hwange Colliery 'second hand' equipment saga takes new twist

Hwange Colliery Company Limited (HCCL) management has denied reports that it splashed a staggering $31 million on second hand equipment.The bulk of the equipment was commissioned mid-June by ...

Hyundai is back in Zimbabwe

After a long absence from the Zimbabwean market, Automotive Distributor Incorporated (ADI), has brought the Hyundai brand back. The Hyundai brand was re-launched on May 13, 2011, and has its permanen...

Further political instability an economic risk in Zimbabwe: IMF

The International Monetary Fund has warned of the risk of further political instability in Zimbabwe as the power-sharing parties in Harare's unity government remain divided over implementation of the ...