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Paid an arm and leg for Hwange Unit 7 & 8 and yet they not generating - Chinese demanding head in a silver platter!
ZESA's explanation of reduced generation from Hwange Thermal Power Station especially due to repeated Units 7 and 8 did not make any sense at all. The two units costing US$ 1.4 billion were commission...Published: 20 Nov 2024 at 21:17hrs | 1199 | by Wilbert Mukori
Stanbic Bank Steps up efforts to promote International Trade
Harare - 20 November 2024 - Leading financial services institution, Stanbic Bank Zimbabwe has stepped up efforts to promote international trade by launching an e-book which guides locals on how to sou...Published: 20 Nov 2024 at 21:09hrs | 93 | by Agencies
NMBZ turns to Rabobank for agric financing
NMBZ Holdings Limited, a leading financial services group, has announced a strategic partnership with Rabobank, a Dutch multinational specializing in banking and financial services, to implement an en...Published: 19 Nov 2024 at 08:49hrs | 200 | by Staff reporter
ZESA singlehandedly destroying Zimbabwe: The shocking truth behind the power crisis
In Zimbabwe, there is a harsh reality that every citizen faces: power outages, or "load shedding," are an almost daily occurrence. Power cuts, sometimes lasting up to 18 hours, have become the...Published: 12 Nov 2024 at 21:07hrs | 3572 | by Tendai Ruben Mbofana
Zinara gets thumbs-up
The Zimbabwe National Roads Administration (Zinara) has received parliamentary approval after effectively addressing concerns raised in the latest report by Auditor-General Rheah Kujinga regarding its...Published: 05 Nov 2024 at 08:23hrs | 221 | by Staff reporter
Family leaves coffin at Ecosure branch after funeral cost dispute
A family in Zimbabwe has expressed their frustration and despair after leaving their relative's coffin at an Ecosure branch, following the company's refusal to cover the funeral costs. The denial of t...Published: 03 Nov 2024 at 13:42hrs | 1815 | by Staff reporter
Zimbabwe power outages to ease as Hwange Unit 7 returns to operation
The Zimbabwean government has assured citizens that severe power outages affecting the country will ease this weekend as Hwange Unit 7, recently down for maintenance, is set to resume operation. The u...Published: 01 Nov 2024 at 06:32hrs | 372 | by Staff reporter
Russia fines Google US$2.5 decillion
A Russian court has fined Google $2.5 decillion for allegedly blocking pro-Kremlin propaganda on YouTube.The fine, which is the equivalent of $2.5 trillion trillion trillion, is the result of ...Published: 31 Oct 2024 at 08:37hrs | 748 | by Staff reporter
Chinese Steel Plant: Zimbabwe's economic boon
Zimbabwe is aiming to be home to Africa's largest steel plant, but disputes over the project continue even as it ramps up production.Over the past few months, villagers have been accusing the ...Published: 31 Oct 2024 at 06:53hrs | 7939 | by Staff reporter
Cheap mobile and fintech innovator a solution for the Zimbabwe market
Greydot Telecommunications Zimbabwe, a subsidiary of Greydot Telecommunications Africa, is making significant strides in the telecommunications and fintech landscape across Southern Africa. Establishe...Published: 27 Oct 2024 at 14:32hrs | 809 | by Staff reporter
Zimbabwe to participate at top minerals summit
Zimbabwe is preparing to participate in the upcoming Critical Minerals Africa Summit, scheduled to take place in Cape Town, South Africa, from November 6 to 7. The summit comes at a time when the worl...Published: 25 Oct 2024 at 08:50hrs | 152 | by Staff reporter
Powertel gains 2% market share
Powertel, a telecom subsidiary of ZESA Holdings, has recorded a significant 2.05 percentage point increase in market share during the second quarter of 2024, according to the latest report from the Po...Published: 23 Oct 2024 at 18:48hrs | 137 | by Staff reporter
Cabinet speaks on power supply shortages amid prolonged blackouts
The Zimbabwean government has announced a series of measures to address the country's ongoing power supply shortages as extended daily blackouts continue to disrupt homes and businesses nationwide....Published: 16 Oct 2024 at 12:11hrs | 909 | by Staff reporter
The Chinese-owned Dinson invests over US$2 billion in Zimbabwe
The Chinese-owned Dinson Iron and Steel Company (Disco), the anchor industry for the Manhize Industrial Park near Mvuma in Zimbabwe's Midlands province, has invested more than US$2 billion in the coun...Published: 15 Oct 2024 at 18:38hrs | 3145 | by Staff reporter
Moxon dynasty takes over at Meikles Limited
Meikles Limited has announced the appointment of former chairman John Moxon's son Matthew John Moxon as its acting Chief Executive Officer, following the resignation of Malcolm Mycroft from the CEO po...Published: 15 Oct 2024 at 10:38hrs | 3082 | by Staff reporter
Innscor booted out of Profeeds
Innscor Africa Limited has been ordered to divest from Profeeds after the Supreme Court ruled that the merger of Profeeds and National Foods created a near monopoly in the stockfeed industry.S...Published: 10 Oct 2024 at 13:11hrs | 2517 | by Staff reporter
BCC invites investors to special economic zone
The Bulawayo City Council has granted approval for Lebanmon Investment Private Limited, a Chinese investment company, to establish a cement production facility at the Umvimila special economic zone. T...Published: 09 Oct 2024 at 07:45hrs | 188 | by Staff reporter
Hichilema alarmed by prospects of defeat and prosecution for corruption
When Zambia experienced democratic backsliding between 2011 and 2021, the deliberate use of legal mechanisms to weaken opposition parties played a central role. Lawfare has been a constant theme of Za...Published: 07 Oct 2024 at 17:08hrs | 2627 | by Sishuwa Sishuwa
Chinese company to build lithium refinery plant in Zimbabwe
Sinomine Resource Group Co.'s Zimbabwean unit plans to build a $500 million lithium refinery in the next 3-5 years, even as the company currently loses money due to weak metal prices."We have ...Published: 01 Oct 2024 at 15:34hrs | 1895 | 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 | 3219 | by Staff reporter
China mining firms partner with Zimbabwe on lithium mine
Chinese miners Zhejiang Huayou Cobalt Co. and Tsingshan Holding Group Co. are defying low lithium prices to develop a deposit of the battery metal with a Zimbabwean state company.The two firms...Published: 26 Sep 2024 at 13:56hrs | 242 | by Staff reporter
PowerTel says not moved by Starlink
PowerTel Communications says it will not lose sleep over the recent launch of Starlink in Zimbabwe adding it can match the speeds and affordability of the globally recognised satellite internet giant....Published: 26 Sep 2024 at 10:13hrs | 150 | by Staff reporter
Econet's investment in Liquid may be poised for a decline in value
Morgan & Co, a prominent securities firm, has issued a cautionary warning to Econet Wireless Zimbabwe regarding its investment in Liquid Telecommunications Holdings (LTH). The firm anticipates a p...Published: 20 Sep 2024 at 11:14hrs | 672 | by Staff reporter
Zimbabwe business couple claims state persecution in US$137m fraud trial
A Harare business couple involved in Estate management has accused prosecutors of dancing to the tune of unscrupulous top ranked government and police officers allegedly determined to fix them on beha...Published: 19 Sep 2024 at 15:54hrs | 635 | 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 | 2592 | by Staff reporter
Zimbabwe opens rail network to private companies
The National Railways of Zimbabwe has opened its network up to private players, including a unit of South Africa's Grindrod, as it seeks to boost freight volumes that had collapsed after decades of un...Published: 06 Sep 2024 at 13:07hrs | 620 | by Staff reporter
Mnangagwa continues engagements with corporate China
President Mnangagwa continued his diplomatic and corporate engagements aimed at advancing Zimbabwe's infrastructure development in line with Vision 2030. ...Published: 05 Sep 2024 at 07:06hrs | 66 | by Staff reporter
Unilever pulling out of Zimbabwe after 80 years
Unilever, one of the world's leading consumer goods companies, is pulling out of Zimbabwe after 80 years of operation.The company, which had reaffirmed its long-term commitment to the country ...Published: 27 Aug 2024 at 11:21hrs | 1233 | by Staff reporter
Zimbabwe braces for prolonged power cuts amid technical glitch
ZIMBABWE'S national power utility has warned of extended load-shedding across the country due to decreased electricity generation at the Hwange Thermal Power Station.In a statement released on...Published: 26 Aug 2024 at 08:11hrs | 685 | by Staff reporter
Kumalo appointed as new chairperson
Zimplow Holdings Limited has appointed Benjamin Nkosentya Kumalo as its new chairperson, effective July 31, 2024, following the resignation of Godfrey Tsikayi Manhambara at the end of July. ...Published: 21 Aug 2024 at 07:21hrs | 499 | by Staff reporter
Pick n Pay faces probe over alleged racism, forex looting
An investigation has been launched by the National Employment Council (NEC) for the Commercial Sectors in Zimbabwe into allegations of racism, foreign currency looting, and unfair labour practices at ...Published: 20 Aug 2024 at 16:16hrs | 1153 | by Staff reporter
Old Mutual's O'mari launches home insurance solution
O'mari, the fintech subsidiary of Old Mutual Zimbabwe, has announced the launch of its new digital-first, low-cost home insurance product 'O'mari HomeCare', underwritten by Old Mutual Zimbabwe Insuran...Published: 15 Aug 2024 at 17:56hrs | 380 | by Simbarashe Sithole
Standard Chartered Bank Zimbabwe changes name
FBC Holdings has officially renamed its newly acquired Standard Chartered Bank to FBC Crown Bank, according to regulatory authorities. FBC Crown Bank will function semi-autonomously as a subsi...Published: 04 Aug 2024 at 15:19hrs | 1140 | by Staff reporter
TM Pick n Pay Zimbabwe boss in racism storm, pay scandal
TM Pick n Pay Zimbabwe's Managing Director, Malcolm Mycroft, faces allegations of racism, externalisation of funds, and unfair salary practices, negatively affecting local employees. Reports indicate ...Published: 31 Jul 2024 at 12:59hrs | 2627 | by Staff reporter
DA to protect Ramaphosa, guns for Mashatile
While the DA will now protect ANC President Cyril Ramaphosa over the Phala Phala scandal, it still wants Ramaphosa's deputy Paul Mashatile answering to the police for several allegations - including c...Published: 26 Jul 2024 at 10:05hrs | 1928 | by Staff reporter
Stanbic Bank expands its ATM network
Harare, 24 July 2024 - Stanbic Bank Zimbabwe has embarked on an exercise to expand its Automated Teller Machines (ATMs) in response to growing client demands.The move by the leading financial ...Published: 24 Jul 2024 at 09:01hrs | 408 | by Agencies
NRZ, Beitbridge Bulawayo Railwayink open access deal
The National Railways of Zimbabwe (NRZ) has signed an open access agreement with its subsidiary, Beitbridge Bulawayo Railway (BBR), to enhance rail capacity and expedite deliveries by allowing private...Published: 22 Jul 2024 at 07:47hrs | 457 | by Staff reporter
Chivayo's IMC doesn't have exclusive rights to partner Starlink
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has issued several internet service provider (ISP) licenses to various operators, clarifying that none of these licenses gra...Published: 20 Jul 2024 at 16:31hrs | 1052 | by Staff reporter
Potraz approves IMC's internet service license
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has approved local firm IMC Communications' application for an internet service provider (ISP) license, enabling a partnersh...Published: 19 Jul 2024 at 06:03hrs | 422 | by Staff reporter
Zimbabwe ready to supply Sadc with steel
Dinson Iron and Steel Company (Disco) in Manhize is set to begin producing steel billets next month after successfully switching on furnaces to start pig iron production. Pig iron is a crucial...Published: 19 Jul 2024 at 05:52hrs | 245 | by Staff reporter
Zimbabwe's lithium gambit: Navigating China-US rivalry
Lithium is Zimbabwe's third-largest mineral export after gold and platinum group of metals, bringing in US$2,46 billion and US$2,27 billion, respectively, in 2023.AS the world is going through...Published: 15 Jul 2024 at 08:17hrs | 241 | by Samir Bhattacharya
Stanbic Bank named national winners for supporting Micro, SMEs in Zimbabwe
Leading financial services institution, Stanbic Bank has been named National Winner for supporting micro, small to medium enterprises in Zimbabwe by the Zimbabwe National Chamber of Commerce (ZNCC)....Published: 12 Jul 2024 at 10:35hrs | 122 | by Staff Reporter
TelOne panics
TelOne Zimbabwe has partnered with Eutelsat OneWeb, a subsidiary of the French-based satellite operator Eutelsat Group, to strengthen its internet services ahead of the anticipated launch of Starlink ...Published: 02 Jul 2024 at 06:36hrs | 16 | by Staff reporter
Harare man defrauds friend of US$340,000
In Harare, Tatenda Guruva (30) faced charges of defrauding Blessing Mudambanuki, director of Dropstech Irrigation company, of US$340,000. Represented by Panaishe Mujawo of Mudimu Law Chambers, Guruva ...Published: 24 Jun 2024 at 07:03hrs | 20 | by Staff reporter
Chivayo and Russia: Lessons from South Africa
Among those Zimbabweans observing the elections in South Africa was Owen Chikukwa in Cape Town.The loss of power by the African National Congress can easily be explained. Brother Owen put it s...Published: 23 Jun 2024 at 10:46hrs | 12 | by Kenneth Mufuka
Dinson Colliery expansion to boost production, exports
Hwange-based Dinson Colliery has launched Phase Four of its operations, featuring 85 coke oven batteries, to enhance infrastructure, boost production, and expand exports. Currently, the company operat...Published: 17 Jun 2024 at 08:57hrs | 3 | by Staff reporter
Manhize steel plant commences pig iron production
The Dinson Iron and Steel Company (Disco) plant in Manhize, Midlands Province, marked a significant milestone on Wednesday with the blast furnace commencing pig iron production. This US$1.5 billion pr...Published: 15 Jun 2024 at 10:59hrs | | by Staff reporter
CBZ launches mortgage finance products for Zimbabwean diasporans
CBZ Holdings Limited (CBZHL), Zimbabwe's largest financial services provider, has launched new Mortgage Finance products aimed at Zimbabweans in the diaspora ahead of the Zim Diaspora Property Showcas...Published: 14 Jun 2024 at 07:29hrs | 93 | by Staff reporter
Zimbabwe CIO's business network
Zimbabwe's Central Intelligence Organisation (CIO) likely has a secret stream of money, The Sentry has found. Publicly availa...Published: 10 Jun 2024 at 17:53hrs | 57 | by Staff reporter
Chinese firm concludes NRZ feasibility study
The National Railways of Zimbabwe (NRZ) announced this week that a feasibility study on a potential investment deal with a Chinese company has been completed.NRZ recently signed an investment ...Published: 07 Jun 2024 at 07:24hrs | 4 | by Staff reporter
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