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EU urges Zimbabwe firms to come up with bankable projects
The European Union (EU) ambassador to Zimbabwe, Jobst von Kirchmann, has called on local businesses to develop bankable projects to attract investment funding, as the EU recently secured over US$100 m...Published: 22 May 2025 at 09:40hrs | 97 | by Staff reporter
Zimbabwe pavilion captivates global audience at Expo 2025 Osaka
Zimbabwe's participation at Expo 2025 Osaka is drawing global attention, with its vibrant and innovative pavilion standing out in the Commons B zone, a shared space that features 26 countries from Afr...Published: 13 May 2025 at 10:05hrs | 73 | by Staff reporter
Iran-Zimbabwe to launch pharmaceutical joint venture
Zimbabwe is set to benefit from a major industrial boost following Iran's commitment to establish a pharmaceutical manufacturing facility and a tractor assembly plant in the country through a joint ve...Published: 30 Apr 2025 at 07:12hrs | 135 | by Staff reporter
Zimbabwe's suspension of tariffs on US goods triggers debate
The recent decision by the Zimbabwean Government to suspend a 35 percent tariff previously levied on goods from the United States has ignited a spirited debate among economic stakeholders, with the Na...Published: 28 Apr 2025 at 12:25hrs | 197 | by Staff reporter
TelOne jumps on Starlink train
TelOne, one of Zimbabwe's largest fixed internet providers, has announced its partnership with Starlink, becoming an authorized reseller of the satellite internet service. This move comes in response ...Published: 18 Sep 2024 at 15:33hrs | 2638 | by Staff reporter
Mbudzi Interchange delays due to Sadc Summit preparations
The government has opened the Masvingo Road-Glen Norah loop, part of the Mbudzi Interchange project, providing relief to motorists traveling from the southern parts of Harare. Transport Minister Felix...Published: 17 Sep 2024 at 06:41hrs | 706 | by Staff reporter
'Google deal to boost Zimbabwe firms'
TECHNOLOGY firm, Liquid Intelligent Technologies Zimbabwe, says its strategic partnership with Google Cloud will be a boost for local firms.The Google Cloud Platform, offered by multinational ...Published: 27 Mar 2024 at 06:38hrs | 18 | by Staff reporter
Kuvimba hits jackpot with Sandawana lithium find
THE Sandawana Mines, which is controlled by Kuvimba Mining House, is sitting on an estimated 100 million tonnes of lithium resource, making it one of the biggest lithium assets in the world.Li...Published: 25 Feb 2024 at 09:24hrs | 18 | by Staff reporter
Mutodi pushes Zimbabwe MPs' visit to US to lobby sanctions removal
Bikita South legislator Energy Mutodi has moved a motion asking the house to put together a team of MPs whose task shall be to visit Washington to physically lobby the US Congress to remove sanctions ...Published: 12 Feb 2024 at 15:10hrs | 2 | by Staff reporter
Mbudzi Interchange reaches 55% completion
Construction of the Mbudzi Interchange in Harare has reached about 55% completion, with work on the US$88 million project expected to be finished by the second quarter of this year, Transport and Infr...Published: 06 Feb 2024 at 04:38hrs | 10 | by Staff reporter
Zimra tightens screws on businesses
GOVERNMENT and the business sector are headed for a showdown after the Zimbabwe Revenue Authority (Zimra) yesterday announced a raft of tough measures limiting the formal traders' access to commoditie...Published: 04 Jan 2024 at 05:59hrs | 13 | by Staff reporter
Zimbabwe: African Development Bank approves $25 million trade finance line of credit for Central Africa Building Society
The Board of Directors of the African Development Bank Group (www.AfDB.org/en) has approved a $25 million trade finance line of credit facility to the Central Africa Building Society of Zimbabwe, to b...Published: 20 Dec 2023 at 22:34hrs | 49 | by APO
Mnangagwa to abandon RBZ's forex auction system?
President Emmerson Mnangagwa has hinted the Dutch forex auction floor system, which is under the control of the Reserve Bank of Zimbabwe, could be scrapped since it has served its purpose.The ...Published: 29 Jul 2023 at 12:46hrs | 9 | by Staff reporter
Chinese firm gets lucrative US$200m Zimbabwe exploration deal
GOVERNMENT has awarded a US$200 million contract to China Harbour Engineering Company (CHEC) to modernise Zimbabwe’s geological survey and metallurgical laboratory infrastructure facilities, the Zim...Published: 25 Jun 2023 at 18:22hrs | 135 | by Staff reporter
Mthuli Ncube weaponising foreign trade to fight local firms
ZIMBABWE'S rulers think that it is within their rights to destroy their economy and turn to neighbours for stop gap solutions.This weird belief was passed from the late strongman, Robert Mugab...Published: 20 May 2023 at 19:58hrs | 1 | by Staff reporter
Mnangagwa to revive chieftainships abolished by colonisers
President Mnangagwa has said Government will continue resuscitating chieftainships that were abolished by the Rhodesian settler regime and implored chiefs to foster peace and unity as the country head...Published: 16 Mar 2023 at 07:11hrs | 1 | by Staff reporter
Forex may retard Zimbabwe's GDP growth
THE Confederation of Zimbabwe Industries (CZI) says while full dollarisation of the economy will slow down inflation, the increased use of foreign currency may retard gross domestic product (GDP) grow...Published: 28 Feb 2023 at 10:42hrs | 1 | by Staff reporter
Manhize steel attracts huge interest
DINSON Iron and Steel Company (Disco), the Chinese firm developing the US$1,5 billion steel plant in Manhize, Mvuma, says it has been overwhelmed by inquiries for its products from the local and forei...Published: 30 Jan 2023 at 07:09hrs | 2 | by Staff reporter
New cement plant for Zimbabwe
KWEKWE-based cement manufacturer Livetouch Investments is building a second cement plant in Zvishavane, Midlands to the tune of US$20m under the first phase of the project.The first phase of t...Published: 11 Jan 2023 at 16:50hrs | 16 | by Staff reporter
'Sanctions have opened Zimbabweans' eyes'
ILLEGAL economic sanctions imposed on Zimbabwe by the West have taught the country to be self-reliant as seen by the hiring of local companies to carry out various infrastructure development projects ...Published: 07 Nov 2022 at 05:23hrs | 1 | by Staff reporter
Zimbabwe electricity demand to peak at 7 000MW
DEMAND for electricity is projected to peak at 7 000 megawatts by 2035 largely driven by mega investment projects in the mining sector.Amid indications that Hwange Thermal Power Station's Unit...Published: 21 Oct 2022 at 06:03hrs | 25 | by Staff reporter
Zimbabwe's capital markets collapse
DELTA Corporation CEO Matlhogonolo Valela has given graphic details about the frustrations that local firms have been enduring in accessing capital due to the country's difficult business environment....Published: 11 Sep 2022 at 15:21hrs | 2 | by Staff reporter
Devolution should spread to tender processes, says Mthuli Ncube
LOCAL companies should be given a fair chance to access infrastructure development projects that are tendered within their regions of operation in the spirit of devolution as the Second Republic widen...Published: 11 Sep 2022 at 10:02hrs | | by Staff Reporter
Harare-Kanyemba Road construction: 2km opened to traffic
The redesigning and rehabilitation of the Harare-Kanyemba Road in Mashonaland Central Province has moved a gear up following the completion and opening up of about 2km to traffic of part of the stretc...Published: 29 Jul 2022 at 06:47hrs | 4 | by Staff reporter
Zimbabwe's New York chancery and residency face demolition
ZIMBABWE'S Permanent Mission to the United Nations (UN) in the United States (US) is set to demolish its chancery building in New York City to pave way for construction of a new structure.The ...Published: 18 Jul 2022 at 08:41hrs | 18 | by Staff reporter
Mbudzi interchange in Harare is taking shape
THE US$88 million state-of-the-art Mbudzi interchange in Harare is taking shape following the construction of two bridges at the site, while most of the equipment required to undertake the project is ...Published: 12 Jun 2022 at 08:24hrs | | by Staff reporter
Harare-Beitbridge highway upgrade on course
AT least 313km of the Harare-Beitbridge highway have so far been rehabilitated as the Government's robust infrastructure development drive continues bearing fruit.The Government is widening, r...Published: 23 May 2022 at 06:36hrs | 8 | by Staff reporter
Vodacom defends appointment of Zimbabwean
Vodacom Group CEO Shameel Joosub has defended the appointment of Sitholizwe Mdlalose as managing director of its South African operations, saying the company appoints the best talent that reflects its...Published: 19 May 2022 at 19:34hrs | 13 | by Staff reporter
SA business group unhappy with rise of Zimbabwean expats
THE appointment of Sitholizwe Mdlalose as chief executive of South Africa's telecoms giant Vodacom has triggered xenophobic reactions after the country's Black Business Council (BBC) demanded that loc...Published: 13 May 2022 at 19:13hrs | 22 | by Staff reporter
Zimdollar worries industry
THE Confederation of Zimbabwe Industries (CZI) is having sleepless nights over an overvalued Zimbabwean dollar (Zimdollar), which is now undermining the scope for maximising structural efficiency and ...Published: 13 May 2022 at 19:09hrs | 3 | by Staff reporter
ZITF public day brings Bulawayo to a stand still
BULAWAYO virtually came to a standstill yesterday as thousands of people from all walks of life thronged the Zimbabwe International Exhibition Centre to witness the official opening of the 62nd editio...Published: 30 Apr 2022 at 16:13hrs | 8 | by Staff reporter
Blocked funds choke NMB
NMBZ Holdings Limited (NMB) registered US$13,4 million debt because of blocked funds with the central bank which it owes to various line of credit providers, it has been revealed.NMB's financi...Published: 18 Apr 2022 at 10:30hrs | 2 | by Staff reporter
Beitbridge road upgrade: 300km completed
The widening, rehabilitation and upgrading of the Harare-Beitbridge Highway is moving swiftly with more than 300km (just over a half) now open to traffic, a clear demonstration of how the Second Repub...Published: 30 Mar 2022 at 07:14hrs | 1 | by Staff reporter
Zimbabwe to remain unitary State, says Mnangagwa
Zimbabwe will remain a unitary State and no amount of machinations from the country's detractors, or those calling for a separate State, will divide the country, President Mnangagwa has said.A...Published: 20 Mar 2022 at 06:26hrs | 1 | by Staff reporter
Hyperinflation headache for accountants
THE Institute of Chartered Accountants of Zimbabwe (ICAZ) last week cast doubts over the validity of financial statements, citing hyperinflation and exchange rate volatilities.It has been a re...Published: 27 Feb 2022 at 07:34hrs | 2 | by Staff reporter
CBZ tops blocked funds list
CBZ Bank has the highest amount (US$424 million) out of 580 companies with funds that could not be repatriated from the country - commonly known as blocked funds - latest official figures show....Published: 10 Jan 2022 at 05:57hrs | 11 | by Staff reporter
Zimbabwe seeks investors for motor industry
GOVERNMENT has announced plans to revamp the local motor industry, which will result in the sector increasing its capacity levels.Zimbabwe's new vehicles market collapsed from a peak of 20 000...Published: 05 Jan 2022 at 05:57hrs | 13 | by Staff reporter
Mnangagwa scholarship trust gets bus
President Mnangagwa's ED-UNZA (University of Zambia) Scholarship Trust has received a donation of a 40-seater bus together with funeral cover for all the students, courtesy of leading local firms - Do...Published: 17 Dec 2021 at 23:40hrs | 12 | by Staff reporter
BCC expresses concern over road rehab
BULAWAYO City Council has expressed dismay over its exclusion by central government in on-going road rehabilitation works and fears poor workmanship because of lack of supervision by city engineers....Published: 11 Oct 2021 at 06:01hrs | 12 | by Staff reporter
Consider local firms for road project
WHILE we are preoccupied with the noise from the political parties as 2023 nears, the Chinese are quietly tightening their grip on Zimbabwe by grabbing mining claims and every mountain to extract blac...Published: 14 Sep 2021 at 06:07hrs | | by Taona Chauya
'Highway upgrade spurs growth'
Remarkable progress has been made in the upgrading of the Harare-Beitbridge highway by local companies with the entire 274km stretch under Masvingo province expected to be completed by the end of next...Published: 18 Aug 2021 at 06:42hrs | | by Staff reporter
Road rehab creates 1 500 job opportinuties
Over 200 kilometres of road have been reconstructed and opened to traffic on the Harare-Masvingo-Beitbridge highway, underlining progress being made by the Second Republic towards the attainment of Vi...Published: 15 Aug 2021 at 08:29hrs | 10 | by Staff reporter
SA unrest cuts off Zimbabwe supply chains
THE manufacturing sector is in disarray following violent clashes in South Africa in recent weeks, which have affected the supply of critical raw materials.The Confederation of Zimbabwe Indust...Published: 23 Jul 2021 at 09:01hrs | 1 | by Staff reporter
Russian vehicle manufacturer to partner Zimbabwean firms
Russian vehicle giant Urals Automotive Plant (UralAZ) intends to partner local firms to build a bus and truck assembling plant in the country, Industry and Commerce Minister Dr Sekai Nzenza has reveal...Published: 11 Jul 2021 at 10:36hrs | 3 | by Staff reporter
Beitbridge-Harare road rehab gets rave reviews
President Mnangagwa has been roundly praised as a pragmatic and visionary leader owing to an array of achievements scored by the Second Republic, including the ongoing rehabilitation of the Harare-Bei...Published: 04 May 2021 at 06:15hrs | 11 | by Staff reporter
Chiwenga flies into storm
VICE-PRESIDENT Constantino Chiwenga is today expected to launch the Zimbabwe Leather Sector Strategy (ZLSS) 2021-30 in Bulawayo.The launch comes at a time when the Affirmative Action Group (AA...Published: 09 Apr 2021 at 07:34hrs | | by Staff reporter
Zimbabwe's exports grow 2,7%
ZIMBABWE'S exports grew by 2,7 percent in 2020 to US$4,39 billion reflecting resilience by local companies to the Covid-19 pandemic.During the onset of the Covid-19 pandemic, the World Trade O...Published: 09 Feb 2021 at 14:50hrs | 1 | by Staff reporter
Local firms vie for CSC
A CONSORTIUM of local companies and industrialists are seeking to seize a 75% stake in the defunct Cold Storage Company (CSC) after tabling a US$225 million investment proposal to the government....Published: 15 Jan 2021 at 07:46hrs | 5 | by Staff reporter
Govt assessing NSS bucket seats samples
Government has started receiving bids from local companies for the provision of bucket seats to be installed at the National Sports Stadium. The bucket seats are expected to be installed by Ma...Published: 31 Dec 2020 at 10:30hrs | | by Staff reporter
Zimbabwe to resume manufacturing ARVs
ZIMBABWE will now resume local manufacturing of Antiretrovirals (ARVs) and other drugs using local pharmaceutical companies as the country has been losing millions of foreign currency by procuring the...Published: 20 Dec 2020 at 06:47hrs | 9 | by Staff reporter
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