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Indian firm eyes Zimbabwe for lithium refinery and EV manufacturing
Vardhaan Lithium, the company spearheading India's first lithium refinery and battery manufacturing unit, has expressed keen interest in leveraging Zimbabwe's vast mineral resources, with plans for be...Published: 07 Mar 2025 at 06:59hrs | 96 | by Staff reporter
9 power stations planned for Zimbabwe
Zimbabwe's energy sector is poised for a significant transformation next year, as nine new public and private power projects are expected to add 2,690 megawatts (MW) to the national grid. This increas...Published: 29 Oct 2024 at 07:32hrs | 704 | by Staff reporter
Zimbabwe's Mutapa Fund clinches US$350m power deal
The Mutapa Investment Fund (MIF) has approved a significant joint venture valued at US$350 million between Indian firm Jindal Africa Investments and Zesa to refurbish six units at Hwange Thermal Power...Published: 29 Sep 2024 at 14:25hrs | 3279 | by Staff reporter
Hwange Power Station Unit 8 fault resolved
Zimbabwe's load-shedding is expected to improve following the resolution of a technical fault at Hwange Power Station Unit 8, which is now awaiting synchronization. ZESA Holdings is taking multiple st...Published: 28 Aug 2024 at 15:24hrs | 629 | by Staff reporter
Mwonzora moves to sell off MDC property to pay bills
THE once formidable opposition MDC's vast property empire is under threat as party leader Douglas Mwonzora bids to sell some of its prized assets to raise money to settle arrears, including util...Published: 27 Nov 2023 at 16:29hrs | 7 | by Staff reporter
SA steel giant expands imports from Hwange
ARCELORMITTAL of South Africa, one of the world's largest steel producers which imports 70 percent of coke produced in Zimbabwe and manufactures steel used in vehicle manufacturing, construction, rail...Published: 09 Jun 2023 at 06:34hrs | 4 | by Staff reporter
ArcelorMittal injects millions into Zimbabwe
ARCELORMITTAL, one of the world's largest steel producers which imports 70 percent of coke produced in Zimbabwe, is set to build coke oven batteries as part of the beneficiation and value addition pro...Published: 17 Nov 2022 at 05:02hrs | 20 | by Staff reporter
More vaccines arrive today
The first consignment of Indian Covaxin Covid-19 vaccines is expected in Harare today, with President Mnangagwa scheduled to receive 35 000 doses out of the 75 000 donated by the government of India. ...Published: 29 Mar 2021 at 06:11hrs | | by Staff reporter
Ziscosteel 'ghost' can still be brought back to life
THE car suddenly stops by a gate, hidden by the overgrown grass and shrubs. This is one of the many entrances to Ziscosteel's Sinter Plant, an abandoned factory located in the middle of the woods whos...Published: 20 Nov 2020 at 06:10hrs | 4 | by Staff reporter
Zimbabwe industry calls for tougher taxes on Chinese imports
ZIMBABWE'S industries have scaled up their campaign for tougher action to protect manufacturing companies against Chinese plastic imports, even as earlier calls to ban fabric shipments from Beijing fl...Published: 30 Oct 2020 at 06:40hrs | 3 | by Staff reporter
'Political rivalry shouldn't translate into animosity'
Indo-Zimbabwe relations are largely timeless as trade between the two countries can be traced to the pre-colonial era. Last year, Indian Vice President Shri Venkaiah Naidu visited Zimbabwe and pledged...Published: 09 Jun 2019 at 08:08hrs | 1 | by Staff reporter
Probe unearths Zesa rot
SHOCKING revelations of deep-seated rot and corporate malfeasance have been unearthed at the Zimbabwe Electricity Supply Authority (Zesa), where millions of United States dollars were siphoned through...Published: 02 Jun 2019 at 08:15hrs | 26 | by Staff reporter
ZESA hunts for new CEO
THE country's power utility, ZESA Holdings, has started hunting for a new group chief executive officer following the termination of Engineer Josh Chifamba's contract recently."Applications ar...Published: 20 May 2019 at 06:36hrs | 2 | by Staff reporter
ZPC cancels $113m power tender
Zimbabwe Power Company (ZPC) has cancelled the US$133 million tender for the repowering of Munyati Power Station awarded to an Indian company, Jaguar Overseas, after the firm failed to secure funding ...Published: 25 Mar 2019 at 23:03hrs | | by Staff reporter
Zesa fires its CEO
ZESA Holdings has fired chief executive Joshua Chifamba after the board decided not to extend his second term contract following his suspension and subsequent arrest last year over damning allegations...Published: 06 Feb 2019 at 13:49hrs | | by Staff reporter
Zesa seeks $128m for power project
Zesa Holdings is seeking to raise $128 million to finance construction of the 30 Megawatts Gairezi hydro power project, where little progress has been registered since the tender was awarded in 2015. ...Published: 28 Jan 2019 at 10:39hrs | | by Staff reporter
Indian firm to set up $40 million textile plant in Bulawayo
ONE of India's biggest and international acclaimed textile firms Shreejikrupa Spinners is considering investing over $40 million towards setting up a plant in Bulawayo soon.Industry and Commer...Published: 23 Dec 2018 at 08:46hrs | 2 | by Staff reporter
$100m Zesa tender scam raises stink
IRREGULAR tender procedures coupled with a lax accounting system, among other factors, have delayed the completion of the US$100,4 million prepayment and smart metering project the power utility, Zesa...Published: 07 Dec 2018 at 05:52hrs | 3 | by Staff reporter
Indian firm to set up shop in Bulawayo
A LEADING Indian plastic products manufacturing company, Kanku International, plans to set up shop in Bulawayo, Zimbabwe's second largest city, responding positively to President Mnangagwa's call for ...Published: 29 Nov 2018 at 11:30hrs | | by Staff reporter
US, China firms back Batoka project
President Emmerson Mnangagwa will next week meet representatives of major multinationals General Electric and PowerChina in a milestone indaba that will set the tone for construction of the massive Ba...Published: 25 Nov 2018 at 08:04hrs | 1 | by Staff reporter
Mnangagwa ally's wedding in Asia 'blesses' Bulawayo
A QUIET wedding ceremony in India 37 years ago involving a young man of Asian origin and his Zimbabwean fiancée Parul Kothari has turned out to be a boon for the community of Bulawayo South in Zimbab...Published: 21 Oct 2018 at 09:57hrs | 2 | by Staff reporter
Zesa bosses arrested
THE Zimbabwe Electricity Supply Authority (Zesa) chief executive officer, Engineer Joshua Chifamba, the Zimbabwe Electricity Transmission and Distribution (ZETDC) managing director Engineer Julian Chi...Published: 04 Oct 2018 at 05:39hrs | 1 | 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 | 1 | by Staff reporter
Govt gazettes Zisco Debt Assumption Bill
Government has gazetted the Zimbabwe Iron and Steel Company (Debt Assumption) Bill, H.B 2, 2018 to take over about to $500 million owed to both domestic and external debtors. The Bill was published by...Published: 29 Jan 2018 at 05:45hrs | 1 | 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
NRZ $400 million deal 'dead in the water'
THE US$400 million deal between the National Railways of Zimbabwe (NRZ) and DIDG/Transnet is effectively dead and buried and Government might soon re-tender the project, a Cabinet minister has reveale...Published: 23 Sep 2017 at 23:47hrs | | by Staff reporter
Mugabe secures $1 billion for Zisco revival
THE Government has secured a $1 billion investment for the revival of the country's largest steel maker, the Zimbabwe Iron and Steel Company (Ziscosteel), from a Chinese company, that will see one mil...Published: 29 Aug 2017 at 06:23hrs | 1 | by Staff reporter
Zimbabwe economy can be turned around within 10 years
ZIMBABWE'S economy might be turned around within 10 years if government prioritises Ziscosteel as it is still relevant, former Parastatals minister, Gorden Moyo has said.Speaking at a discussi...Published: 17 May 2017 at 06:31hrs | | by Staff reporter
Tsvangirai promise to re-open Ziscosteel
HUNDREDS of former Ziscosteel employees yesterday met MDC-T president, Morgan Tsvangirai during an impromptu visit in what has become the ghost mining town of Redcliff, where he came face to face ...Published: 08 Feb 2017 at 05:54hrs | | by Staff reporter
Tsvangirai meets opinion leaders and informal miners in Midlands North
MDC-T President Morgan Tsvangirai today met opinion leaders in Kadoma, addressed a provincial assembly meeting at the party office in Kwekwe and met informal miners (makorokoza) in Redcliff where he c...Published: 06 Feb 2017 at 17:27hrs | 1 | by Luke Tamborinyoka MDC-T Presidential Spokesperson
Welshman Ncube blamed for Zisco deal collapse
FORMER Industry and Commerce Minister Professor Welshman Ncube "misled" the Inclusive Government into signing the collapsed $750 million Essar Africa Holdings' Ziscosteel deal without doing due dilige...Published: 05 Jul 2016 at 00:14hrs | 2 | by Prosper Ndlovu
Wicknell Chivayo's power deal collapses
An Indian firm, Jaguar Overseas, the winning bidder for the Harare Power Station re-powering project has failed to secure funding for the project. The development comes a few months after ...Published: 12 May 2016 at 08:36hrs | | by Staff reporter
Mugabe's botched India visit: The full story
President Mugabe returned home from Singapore yesterday, as Zimbabwe prepared to receive tractors worth US$300 000 from India under a deal sealed during the Head of State and Government's October 2015...Published: 13 Mar 2016 at 06:59hrs | 2 | by Morris Mkwate
Hwange in US$7,5m pre-payment deal
MANAGEMENT at Hwange Colliery Company Limited is confident of tying up a US$7,5 million deal with one of its suppliers through which the latter will pre-pay for a year's supply of coal.The fac...Published: 28 Feb 2016 at 17:26hrs | | by Africa Moyo
Zimbabwe govt demands refund for Hwange equipment purchased from India
GOVERNMENT is incensed by the downtime resulting from the frequent breakdowns of the new equipment at Hwange Colliery Company Limited and is now actively seeking either financial compensation or the r...Published: 24 Jan 2016 at 05:58hrs | 1 | by Staff reporter
Govt to fire 1 200 Zisco workers
GOVERNMENT will terminate contracts for ZISCO employees on three months notice with effect from next month to avoid accumulation of debts from unproductive workers.Presenting the 2016 Budget y...Published: 27 Nov 2015 at 05:08hrs | | by Business Reporter
Harare acquires 500 buses
Harare City Council has entered into negotiations with an Indian company, Passenger Utility Transport Company (PUTC) Pvt Ltd, for the supply of 500 65-seater buses worth $58 million.This is pa...Published: 15 Aug 2015 at 09:34hrs | | by Innocent Ruwende
Zim's unpaid debt dogs Ziscosteel deal
FAILURE by the Zimbabwean government to settle part of Zisco Steel's domestic debt which ballooned to over $200 million up from $72 million in 2010 might jeopardize a new deal with Essar Africa H...Published: 08 Oct 2014 at 08:29hrs | 3 | by Business reporter
'Zisco, NRZ to spur Bulawayo revival'
THE resuscitation of the defunct Ziscosteel and the tottering National Railways of Zimbabwe (NRZ) will spur the revival of ailing and closed companies in Bulawayo, a Cabinet minister has said....Published: 25 Apr 2014 at 07:05hrs | 2 | by Staff reporter
Cropping activities at Bulawayo Kraal to start early next year
CROPPING activities at the proposed country's biggest irrigation scheme, Bulawayo Kraal in Binga, Matabeleland North Province will start early next year, a senior Government official has said....Published: 22 Dec 2013 at 05:48hrs | 2 | by Staff Reporter
'Zimbabwe a high risk country' - report
Zimbabwe is among high risk investment destinations in Africa, a survey by Ernst & Young (EY) has revealed.In its "Africa by numbers: Assessing market attractiveness in Africa" survey, the...Published: 09 Dec 2013 at 04:59hrs | 1 | by Staff reporter
Zim's World Bank ranking plunges
ZIMBABWE'S ranking in the World Bank doing business survey fell further, plunging two places to 170 out of 189 countries.The country has failed to redeem itself from its "bad boy" image after ...Published: 08 Nov 2013 at 03:17hrs | 1 | by Staff Reporter
Indian firm 'Indure' wins Hwange tender
INDIAN firm Indure (Private) Limited has won a tender to rehabilitate and upgrade the ash plant at the Hwange Thermal Power Station at cost of about US$11 million. The exercise is being financed by th...Published: 26 Aug 2013 at 22:02hrs | | by Staff Reporter
Zimpapers to commission new digitalised printing press
ZIMBABWE Newspapers will next month commission a $2,2 million highly digitalised and efficient printing press, chief executive Mr Justin Mutasa has said. "We are targeting a trial run mid-next...Published: 30 Jul 2013 at 04:28hrs | | by Staff reporter
ZESA woos investors for Gairezi Power Project
Zimbabwe Power Company (ZPC), a wholly owned subsbsidiary of Zesa Holdings, is in talks with investors to fund the construction of the Gairezi Mini Hydro-electric power station, says its chairman, Vic...Published: 26 Jun 2013 at 17:30hrs | | by Staff reporter
Zimbabwe courts Indian drug firms
Zimbabwe wants Indian firms supplying it generic medicines to produce the drugs locally so that its pharmaceutical sector could grow, the country's helath minister, Henry Madzorera, has said."...Published: 05 May 2013 at 08:49hrs | | by Staff reporter
Deal to revamp thermal power stations signed
Cabinet yesterday approved a $230 million power deal between the Zimbabwe Power Company (ZPC) and an Indian firm, Wapcos Limited, to revamp boilers at three thermal power stations in the country....Published: 06 Jun 2012 at 06:46hrs | | by Staff reporter
Zim diamonds shine in India
MUMBAI - Giant diamond mining companies like De Beers, Alrosa and Rio Tinto are losing out in India, with Zimbabwe ruling the roost in the Indian market with its high quality diamonds. Traders said Z...Published: 15 Feb 2012 at 20:42hrs | | by Reuters
New Zimbabwe Steel will create over 7000 jobs: Ncube
Industry and Commerce Minister Welshman Ncube, said the Essar investment would catalyse economic growth, development and Government's medium term programme.Ncube revealed that the revival of...Published: 04 Aug 2011 at 08:15hrs | | by Mafu Sithabile
Zisco and Essar Africa Holdings finally seal the deal
GOVERNMENT and Essar Africa Holdings yesterday finally signed a contract for the disposal of Ziscosteel to the Mauritian firm in a US$750 million deal that will relieve the State of huge debts....Published: 09 Mar 2011 at 21:54hrs | | by Byo24NEWS
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