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Southern Africa just had its driest February on record
A swathe of Southern Africa suffered the driest February in decades that wiped out crops, precipitated power shortages and threatened to send already high food prices surging further.Last mont...Published: 11 Mar 2024 at 17:10hrs | 738 | by Staff reporter
GMB maize stocks fall
MAIZE stocks have declined in the nation's reserves at Grain Marketing Board (GMB) depots dotted across the country, and this may worsen food insecurity situation at a time when inflation and currency...Published: 11 Mar 2024 at 09:08hrs | 1415 | by Staff reporter
Zimbabwe gold deliveries to Fidelity continue to decline
According to the latest official data, there has been a significant decrease in GOLD deliveries to Fidelity Printers and Refineries (FPR).Statistics from FPR indicate a 22% drop in gold delive...Published: 10 Mar 2024 at 06:28hrs | 201 | by Staff reporter
Gold set to anchor Zimbabwe dollar
GOLD has emerged as the most ideal instrument likely to be used to anchor the structured currency the Government is pursuing to stabilise the exchange rate and curtail persistent inflation.The...Published: 10 Mar 2024 at 06:23hrs | 156 | by Staff reporter
Kariba Dam runs dry?
Zimbabwe and Zambia - already struggling with food shortages - are now reeling from low power generation at the Kariba power station due to the same underlying cause: El Niño.The climate syst...Published: 08 Mar 2024 at 05:14hrs | 3926 | by Staff reporter
Zimbabwe must deal with currency volatility causes, not symptoms
THE United Nations Economic Commission for Africa (Uneca) executive secretary Claver Gatete this week said Zimbabwe should deal with the root causes of currency volatility not symptoms.Gatete ...Published: 07 Mar 2024 at 05:10hrs | 418 | by Staff reporter
10 new IPPs to generate 271MW for Zimbabwe
ZIMBABWE has licenced 10 more independent power producers (IPPs) to start generating 271MW of electricity in the next 12 to 24 months under the Government project support agreement which now holds clo...Published: 04 Mar 2024 at 04:42hrs | 456 | by Staff reporter
NSSA hunts for new CEO
THE National Social Security Authority (Nssa) has started the process of hunting for a new general manager to replace Arthur Manase, who resigned in September last year while on suspension.Man...Published: 03 Mar 2024 at 16:43hrs | 757 | by Staff reporter
Lake Mutirikwi hydro power plant nears completion
THE US$14,6 million hydro power plant that has a rated output of five megawatts of electricity that will be added to the national grid is now 70 percent complete and is expected to be commissioned in ...Published: 03 Mar 2024 at 08:45hrs | 274 | by Staff reporter
Mnangagwa's upper middle-income economy is not achievable!
For the past six years, the Zimbabwe government has made enormous noise over its 'upper middle-income economy' vision. The country is supposed to attain this dream by the year 2030.The...Published: 27 Feb 2024 at 21:40hrs | 607 | by Tendai Ruben Mbofana
Zimbabwe wants lithium miners to plan new capacity
Zimbabwe wants miners to come forward by the end of March with plans to produce battery-grade lithium, despite a sharp fall in global prices for the mineral, a senior government official said on Frida...Published: 26 Feb 2024 at 04:55hrs | 464 | by Staff reporter
A life-giving greenbelt in Matabeleland South
AMID the anxiety and disillusionment occasioned by projections of below-normal rains in the 2023-2024 summer cropping season due to the El Niño weather phenomenon, some farmers opted not to plant any...Published: 25 Feb 2024 at 07:07hrs | 193 | by Staff reporter
US$54 million Gwanda Lithium Mine employs 300
A TOTAL of 300 workers mainly locals have been employed at the newly-established Gwanda Lithium Mine Zimbabwe at Mandihongola area in Matebeleland South province, in yet another milestone investment u...Published: 21 Feb 2024 at 07:16hrs | 164 | by Staff reporter
The growth, legacy of Pelandaba Bus Company
ESTABLISHED in 1958 by the late Mtshumayeli Joseph Ngwenya in Bulawayo, Pelandaba Buses, born out of poultry selling, is still growing 50 years later.It is also proving to be a lifelong legacy...Published: 20 Feb 2024 at 11:03hrs | 839 | by Staff reporter
Zimbabwe makes ECD compulsory
It will now be mandatory for all children to enrol in early childhood development classes at four years, with the new Zimbabwe Early Learners Policy (ZELP) now extending primary education to nine year...Published: 14 Feb 2024 at 04:38hrs | 477 | by Staff reporter
Traders reject Zimdollar
THE Zimbabwe dollar has continued to depreciate in 2024, with traders in some areas now refusing to accept the local currency, while parallel market exchange rates have been differing across the count...Published: 12 Feb 2024 at 13:49hrs | 164 | by Staff reporter
Lake Mutirikwi hydro power project 75% complete
Construction of the US$14,5 million mini-hydro power plant at Lake Mutirikwi Dam in Masvingo by Great Zimbabwe Hydro Power Company is now in the home stretch with the 5-megawatt station set for commis...Published: 31 Jan 2024 at 04:48hrs | 378 | by Staff reporter
Zimbabwe electricity imports down 57%
ZIMBABWE has started reaping savings from reduced energy imports following improved domestic electricity generation mainly from the upgraded Hwange Thermal Power Station and the rising contribution by...Published: 30 Jan 2024 at 04:22hrs | 1185 | by Staff reporter
Delta, Zimra fight over US$ tax
DELTA Beverages Pvt Ltd is up in arms with the Zimbabwe Revenue Authority (Zimra) after the tax collector concluded that the company had improperly computed its income tax, resulting in the matter spi...Published: 29 Jan 2024 at 10:14hrs | 756 | by Staff reporter
Tobacco output to dip as registered growers decline by 24%
The registered count of tobacco growers has seen a notable decrease of 24% compared to the corresponding period last year, indicating a potential reduction in yields for the upcoming season.To...Published: 13 Jan 2024 at 06:52hrs | 122 | by Staff reporter
Zimbabwe gold output declines 15%
Zimbabwe produced 30 metric tons of gold in 2023, 15% less than the previous year, official data showed on Monday, as electricity cuts and currency volatility impacted output.The southern Afri...Published: 10 Jan 2024 at 17:47hrs | 220 | by Staff reporter
Zimdollar exchange rate bolts
MARKET watchers have predicted a gloomy 2024 outlook amid a galloping exchange rate, steep taxation and an ever tanking economy, NewsDay reported.As usual, this is heavily impacting on ordinar...Published: 08 Jan 2024 at 05:36hrs | 4993 | by Staff reporter
US diplomat outlines an ambitious vision for Zimbabwe
BOTTOM LINE- The US Embassy in Harare has identified the potential for Zimbabwe to become a growth hub for Southern Africa.- This is a curious conclusion to draw given the fact that Zi...Published: 06 Jan 2024 at 18:33hrs | 1765 | by Michael Walsh
Zimbabwe's third-quarter gold output up 0,4%
The Reserve Bank of Zimbabwe's third-quarter 2023 report has disclosed a 0.4% increase in gold output, primarily driven by Artisanal Small-Scale Gold Miners (ASGM) emerging as the leading contributors...Published: 27 Dec 2023 at 08:23hrs | 163 | by Staff reporter
'Zimbabwe economic data questionable'
A team of technical experts from the International Monetary Fund (IMF) this week called into question the authenticity of economic data compiled by the Zimbabwe National Statistics Agency (Zimstat), r...Published: 22 Dec 2023 at 18:14hrs | 133 | by Staff reporter
Umkhonto weSizwe fighter will never forget what a white man told him in Zimbabwe in 1980
I have no idea whether the white man I am writing about is still alive or not. He gave me an understanding of what actually happened to us Africans, and how sinister it was, when we were colonized. Hi...Published: 19 Dec 2023 at 13:11hrs | 2461 | by Thula Bopela
Zimbabwe forecasts huge grain deficit in 2024 amid El Nino drought
Zimbabwe's staple maize harvest is expected to halve to 1.1 million tons in 2024 due to an El Nino-induced drought, Finance Minister Mthuli Ncube said on Wednesday, flagging a huge grain deficit that ...Published: 15 Dec 2023 at 07:14hrs | 99 | by Staff reporter
Suffering Zimbabweans should free themselves
CRISIS in Zimbabwe Coalition (CiCZ) chairperson and former Zimbabwe Congress of Trade Unions (ZCTU) president Peter Mutasa (PM) was awarded the International Trade Union Confederation Africa (ITUC-Afr...Published: 14 Dec 2023 at 16:16hrs | 614 | by Staff reporter
Russia ships 23 000t of fertiliser to Zimbabwe
RUSSIA's giant fertiliser manufacturing company, Uralchem Group, is in the process of shipping 23 000 tonnes of humanitarian fertiliser to Zimbabwe to complement the country's efforts to boost food an...Published: 12 Dec 2023 at 05:52hrs | 231 | by Staff reporter
Zimbabwe lithium mines given March 2024 deadline
Lithium mining companies have been given a deadline of March 31, 2024, to submit beneficiation plans as the Government seeks to tap into substantial mineral revenues that can be generated from the ben...Published: 04 Dec 2023 at 05:28hrs | 716 | by Staff reporter
Zimbabwe poised for record platinum haul
THE World Platinum Investment Council (WPIC) says Zimbabwe is on track to ramping up output of the white metal to an all-time high of 502 kilo ounces (koz) following massive investment by one of the c...Published: 02 Dec 2023 at 14:37hrs | 738 | by Staff reporter
Convicted gold smuggler retains Miners Federation presidency
ZIMBABWE Miners Federation (ZMF) President Henrietta Rushwaya has received the backing of eight provinces within the artisanal and small miners association to retain her presidency.A meeting h...Published: 02 Dec 2023 at 05:45hrs | 990 | by Staff reporter
Zimbabwe poised for more mega power projects
ZESA Holdings says the energy sector is poised for a turning point following proposals by some independent power producers (IPPs) to build two thermal power stations with a combined output of 1 600 me...Published: 28 Nov 2023 at 05:16hrs | 368 | by Staff reporter
Zimbabwe back to 20-hour power cuts
Zimbabwe is once again grappling with 20-hour power cuts, with no solution in sight until 2025 at the earliest."It's a long road ahead," Energy Minister Edgar Moyo said.Zimbabwe's peak...Published: 18 Nov 2023 at 19:42hrs | 2620 | by Staff reporter
Mnangagwa pledges financial support for Gwanda varsity
President Mnangagwa who yesterday presided over the second graduation ceremony of Gwanda State University (GSU), one of the country's youngest universities, promised to provide more funding for the de...Published: 18 Nov 2023 at 09:32hrs | 163 | by Staff reporter
MPs blast Zacc for low convictions
CITIZENS' Coalition for Change (CCC) parliamentarians have condemned the Zimbabwe Anti-Corruption Commission (Zacc) over the low number of convictions referred to the police despite the rampant illici...Published: 15 Nov 2023 at 18:43hrs | 333 | by Staff reporter
Zimbabwe lithium export earnings treble as projects take off
Zimbabwe earned US$209 million from lithium exports in the first nine months of 2023, nearly treble last year's earnings, Mines Minister Zhemu Soda said on Wednesday, as Chinese-driven mining and proc...Published: 14 Nov 2023 at 11:42hrs | 1993 | by Staff reporter
Zimbabwe load shedding to ease by end of November
THE Government has assured the country of reduced load shedding by the end of November when one of the units at Hwange Power Station comes on board following depressed electrity generation at all powe...Published: 12 Nov 2023 at 11:41hrs | 140 | by Staff reporter
Zimbabwe allows cement imports after prices double
Zimbabweans can now freely import cement, the government says, a response to a doubling of prices caused by surging demand and depressed local production.Cement prices are rising due to a comb...Published: 09 Nov 2023 at 05:57hrs | 528 | by Staff reporter
Zimbabwe sees surge in mining investments
Zimbabwe's mining sector has witnessed a surge in investment over the past two years, with several companies investing heavily in exploration, expansion, and plant construction.A recent survey...Published: 09 Nov 2023 at 05:53hrs | 93 | by Staff reporter
Is a recession still likely at the end of 2023?
The cost of living crisis has been on everyone's lips for what seems like years now. There’s often talk of it turning into a recession, although so far, most countries have avoided ...Published: 08 Nov 2023 at 14:17hrs | 368 | by Staff reporter
Mineral revenue slumps 29%
In the first half of this year, Zimbabwe's mineral revenue experienced a 29% decline, amounting to US$2.6 billion, owing to several challenges, including falling commodity prices, foreign currency sho...Published: 03 Nov 2023 at 05:44hrs | 64 | by Staff reporter
Zimbabwe power cuts could persist until late November
Ongoing power outages could persist until late November, power utility ZESA said on Wednesday as it blamed technical faults at Hwange Power Station where a new 300 MW power generator is also undergoin...Published: 25 Oct 2023 at 19:30hrs | 76 | by Staff reporter
Plans to develop Zimbabwe's biggest mine near Bulawayo
Caledonia Mining is exploring options to raise US$250m to develop its Bilboes project into what could be Zimbabwe's biggest gold mine.The company, which also owns the Blanket gold mine in Zimb...Published: 22 Oct 2023 at 10:41hrs | 605 | by Staff reporter
Zimbabwe's biggest diamond miner shifts sales to Dubai auctions
ZIMBABWE'S biggest diamond producer has shifted almost all of its sales to Dubai, targeting cutters, polishers and traders and eliminating middlemen.Zimbabwe Consolidated Diamond Co. has aucti...Published: 22 Oct 2023 at 09:19hrs | 240 | by Staff reporter
US resists pressure to reform IMF voting shares
US Treasury Secretary Janet Yellen showed little willingness to embrace reforms at the International Monetary Fund that would give China and other developing countries significantly more say in how th...Published: 12 Oct 2023 at 06:18hrs | 122 | by Staff reporter
Zimbabwe may starts lithium car batteries production
Zimbabwe may start commercial production of lithium batteries for passenger vehicles next year following headway by the Harare Institute of Technology (HIT) which has already purified lithium phosphat...Published: 07 Oct 2023 at 19:28hrs | 291 | by Staff reporter
Mthuli Ncube says Zimbabwe's economy remains on positive trajectory
The country's economy remains on a positive growth trajectory with the prevailing macro-economic stability expected to continue, Finance and Investment Promotion Minister Professor Mthuli Ncube has sa...Published: 03 Oct 2023 at 06:10hrs | 132 | by Staff reporter
ZimAlloys set to fire up new furnaces after $40m injection
ONE of the country's largest ferrochrome producers, Zimbabwe Alloys (ZimAlloys) will next month return to production after a new shareholder injected close to US$40 million to revive the company....Published: 29 Sep 2023 at 10:10hrs | 437 | by Staff reporter
Electricity generations continues to improve in Zimbabwe
Electricity generation in Zimbabwe continues to show improvement, leading to a significant reduction in hours of load shedding. Hwange Power Station, in particular, has increased its output.Ac...Published: 25 Sep 2023 at 08:32hrs | 300 | by Staff reporter
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