Search / Output
Kariba power station surpasses Power generation targets in Q2
Kariba power station generated 72 percent of the 2 300 GWh that the Zimbabwe Power Company (ZPC) sent out during the second quarter of this year on the back of improved water availability and plant ef...Published: 9 hrs ago | 374 | by Staff reporter
Small-scale miners contribute bulk of Zimbabwe's gold output
The country's gold output in the last seven months amounted to 18 940 kilogrammes with the bulk coming from small-scale miners who have contributed 11 444 kilogrammes while output from formal mines is...Published: 12 Aug 2022 at 06:35hrs | 68 | by Staff reporter
'We don't eat roads' mischief
There is a popular Chinese proverb which goes: "if you want to get rich, you have to build roads first", and this is often quoted to explain some of the accelerated development taking place in the Asi...Published: 12 Aug 2022 at 06:33hrs | 412 | by Lovemore Chikova
Policy flaws chasing Forex from the formal market
It is estimated that US$2.5 billion is circulating outside the formal banking system in Zimbabwe with households, businesses and foreign investors preferring to store their hard-earned foreign currenc...Published: 11 Aug 2022 at 12:05hrs | 2041 | by Victor Bhoroma
Assessing the US$12 billion mining industry target
The Zimbabwean government launched an ambitious plan to transform the mining sector into a US$12 billion export industry by end of 2023. The plan was launched in October 2019 as a key pillar to sustai...Published: 11 Aug 2022 at 12:01hrs | 367 | by Victor Bhoroma
Zimbabwe's cash-rich govt suppliers fuel currency volatility
GOVERNMENT procurement and service providers - who include public works contractors and suppliers of goods and services - are destabilising the foreign exchange market by offloading part of their stag...Published: 10 Aug 2022 at 08:40hrs | 1177 | by Staff reporter
Matshe Koko's firm to build massive solar plant in Zimbabwe
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has signed a power purchasing agreement with a South African independent power producer, Matshela Energy Limited, for a 100MW sol...Published: 05 Aug 2022 at 06:38hrs | 453 | by Staff reporter
Chamisa flags barren Zanu-PF leadership
Citizens Coalition for Change (CCC) leader Nelson Chamisa has dismissed government's 2022 Mid-Term budget statement as a blatant certification to citizen poverty adding the fiscal blueprint was reflec...Published: 04 Aug 2022 at 22:32hrs | 1956 | by Staff reporter
China's 'juicy' deal with Zimbabwe set to benefit citrus farmers
MBUYA Rosemary Tendi (70) of Rusitu Valley in Chimanimani, eastern Zimbabwe, has been braving crispy cold mornings in the past few weeks to make sure that she monitors the harvesting of oranges from h...Published: 02 Aug 2022 at 06:54hrs | 1157 | by Staff reporter
Huge appetite for Zimbabwe gold coins
ZIMBABWE'S central bank has registered an overwhelming uptake of the Mosi-oa-Tunya gold coin after local financial institutions, pension funds, insurance companies and individuals bought the bulk of t...Published: 31 Jul 2022 at 17:51hrs | 6076 | by Staff reporter
Zimbabwe exports rise 33%
Zimbabwe's exports increased by 33% to US$3,5 billion in the first half of this year, from US$2,6 billion during the same period in 2021, driven by an increase in agriculture, mineral and manufactured...Published: 29 Jul 2022 at 06:51hrs | 347 | by Staff reporter
Zimbabwe tax-free threshold doubled, bonus windfall for workers
The tax-free threshold for income tax was doubled to $50 000 a month yesterday by Finance and Economic Development Minister Mthuli Ncube as part of the doubling of all tax bands to improve disposable ...Published: 29 Jul 2022 at 06:46hrs | 709 | by Staff reporter
Why Zimbabwe's de-dollarization route flopped
The Zimbabwean government has announced measures to promote the wider use of the domestic currency (The Zimbabwean Dollar) in a last-ditch effort to save it from the re-dollarization onslaught. Part o...Published: 27 Jul 2022 at 12:51hrs | 5 | by Victor Bhoroma
New ANC KZN leadership could spell trouble for Ramaphosa second term
The ANC has elected new leaders in the key region of KwaZulu-Natal, though it remains unclear whether the new collective will back President Cyril Ramaphosa's bid to win a second term as head of the p...Published: 24 Jul 2022 at 10:11hrs | 1747 | by Staff reporter
Treasury yet to disburse US$30m industry bailout
TREASURY is yet to disburse about US$30 million it promised to industry under the Special Drawing Rights (SDR) to boost capacity utilisation and save some firms from total collapse.This was re...Published: 23 Jul 2022 at 07:32hrs | 61 | by Staff reporter
Mnangagwa talks tough on illegal mining
THE Government will not tolerate timber poaching, illegal mining, settlements in plantations, and deforestation as that will impede the rural industrialisation agenda being driven by the Second Republ...Published: 23 Jul 2022 at 07:25hrs | 147 | by Staff reporter
Mnangagwa petitioned over July Moyo
A LOCAL firm, Zimbabwe Innovative Technologies (ZIMIT), has appealed to President Emmerson Mnangagwa for intervention after Local Government and Public Works minister July Moyo overturned a US$17,4 mi...Published: 22 Jul 2022 at 10:44hrs | 6891 | by Staff reporter
Zimbabwe secures 300MW
ZESA Holdings has secured a 300 megawatt (MW) power import deal with regional suppliers as the energy crisis threatens to cripple industry and domestic consumers, confidential documents show.T...Published: 22 Jul 2022 at 10:43hrs | 1906 | by Staff reporter
Why is Zimbabwe starving?
LONG-STANDING financial troubles and drought in Zimbabwe have pushed millions to the brink of starvation.Government has declared a state of disaster as months of drought have exacerbated a nat...Published: 22 Jul 2022 at 06:43hrs | 753 | by Claire Felter
Zimbabwe mining surpasses US$5 billion
Zimbabwe's mining sector is registering unprecedented growth, for the first time in history, with earnings jumping to US$5,2 billion in 2021 from about US$2,9 billion in 2017, as positive gains contin...Published: 22 Jul 2022 at 06:39hrs | 232 | by Staff reporter
340km of Harare - Beitbridge highway revamp complete
AT least 340 kilometres of the Harare-Beitbridge highway have been reconstructed and opened to motorists in the past two years, officials said Friday, promising to expand the aggressive road revamp pr...Published: 17 Jul 2022 at 09:13hrs | 478 | by Staff reporter
Power cuts hit Zimbabwe hospitals
BULAWAYO provincial medical director Marphios Siamuchembu has pleaded with the power utility to spare city hospitals in its load shedding regime running for several hours.Siamuchembu said oper...Published: 16 Jul 2022 at 10:31hrs | 478 | by Staff reporter
Zesa, Zesco stitch power deal
POWER utility Zesa Holdings is in discussions with its Zambian counterpart, Zesco for importation of 100 megawatts of electricity to supplement local production, NewsDay reportedAccording to Z...Published: 14 Jul 2022 at 09:28hrs | 3600 | by Staff reporter
Africa's food security relies on climate smart agriculture
THERE has not been a more demanding time for Africa to adopt modern agriculture methods than now. In the wake of the COVID-19 pandemic, food security in Africa is threatened at all levels and farming ...Published: 04 Jul 2022 at 06:59hrs | 122 | by The Exchange
Mnangagwa says Zimbabwe is on irreversible forward march
ZIMBABWE is experiencing increased inflows of foreign direct investment (FDI) projects in most provinces, at a time when the world is grappling with multiple economic challenges.This indicates...Published: 03 Jul 2022 at 09:22hrs | 2370 | by Staff reporter
Zimbabwe to import maize from Zambia, Malawi to plug grain shortfall
Zimbabwe will import maize from neighboring Zambia and Malawi and wheat from cheaper source markets to avert shortages and price increases, Finance Minister Mthuli Ncube said Monday.Addressing...Published: 28 Jun 2022 at 07:27hrs | 354 | by Staff reporter
Innscor fined US$9m, ordered to divest from Probrands
THE Competition and Tariff Commission (CTC) imposed a fine of US$9,1 million on Innscor Africa Limited (Innscor) for consummating the merger of one of its subsidiaries without the Commission's approva...Published: 26 Jun 2022 at 12:26hrs | 9077 | by Staff reporter
Zimbabwe govt incentives behind record gold deliveries, says Sakupwanya
ZIMBABWE'S biggest gold buyer Better Brands Jewellery (BBJ), owned by local gold baron Pedzisayi "Scott" Sakupwanya, says the government's current bullion incentives will see record deliveries to the ...Published: 25 Jun 2022 at 19:05hrs | 216 | by Staff reporter
Bread prices set to drop?
BREAD prices are set to drop after the Reserve Bank of Zimbabwe (RBZ) pledged to prioritise foreign currency allotments to the National Bakers Association of Zimbabwe to facilitate the importation of ...Published: 21 Jun 2022 at 06:37hrs | 258 | by Staff reporter
Mphoko spills beans on murky US$6bn deal
Former vice-president Phelekezela Mphoko has revealed how the army seized Zimbabwe's biggest platinum reserves, saying he was threatened with dismissal by unnamed generals for questioning the deal whi...Published: 19 Jun 2022 at 10:10hrs | 8051 | by Staff reporter
Mnangagwa linked gold dealers mint money through govt incentives
GOVERNMENT'S Gold Incentives Scheme (GIS) has come under scrutiny amid indications it is largely benefitting politically connected persons, mainly President Emmerson Mnangagwa's close ally Pedzisayi "...Published: 18 Jun 2022 at 16:18hrs | 1779 | by Staff reporter
Russia hits back at US
RUSSIA has allayed fears its ongoing onslaught on Ukraine will plunge the world into acute commodity shortages due to delays in shipments as a result of the conflict, the Zimbabwe Independent has repo...Published: 17 Jun 2022 at 08:58hrs | 1998 | by Staff reporter
80-year Mtshabezi dream comes to life
MTSHABEZI Irrigation Scheme in Gwanda District, Matabeleland South, had been a pipe dream for over 80 years, but is now up and running, as has become the norm under the Second Republic.Last ye...Published: 17 Jun 2022 at 08:25hrs | 177 | by Staff reporter
Mnangagwa to commission US$300m lithium project
PRESIDENT Mnangagwa will today preside over the ground breaking ceremony of a US$300 million spodumene project at Bikita Minerals that will ramp up lithium production and extend the life of Zimbabwe's...Published: 17 Jun 2022 at 08:17hrs | 107 | by Staff reporter
Zimbabwe holds Africa's largest lithium reserves
Zimbabwe holds Africa's largest lithium reserves, the fifth-largest globally, with its province of Masvingo home to the Bikita mine - site of the world's largest-known deposit of the metal at around 1...Published: 14 Jun 2022 at 19:33hrs | 11014 | by Staff reporter
'Timely IMF boost saved Zimbabwe'
A PAN African lender has ranked Zimbabwe among the biggest beneficiaries of the US$33 billion injected into the region's economies by the International Monetary Fund (IMF) last year.Africa Exp...Published: 14 Jun 2022 at 06:41hrs | 579 | by Staff reporter
'Smuggler' Rushwaya wants gold possession de-criminalised
CONTROVERSIAL Zimbabwe Miners Federation (ZMF) president Henrietta Rushwaya has made a shocking plea to the Zanu-PF government to repeal a piece of legislation which criminalises the possession of gol...Published: 11 Jun 2022 at 20:42hrs | 2578 | by Staff reporter
Zimbabwe trade deficit hits US$34bn as industrialisation flops
ZIMBABWE has since 2002 accumulated a trade deficit of more than US$34 billion, a clear indication that the country's industrialisation-led import-substitution programmes have failed, new data show....Published: 11 Jun 2022 at 09:31hrs | 359 | by Staff reporter
Gwanda mine raises US$8 million from Victoria Falls bourse
WITH only six months after officially listing on the Victoria Falls Stock Exchange (VFEX), Jersey domiciled gold producer, Caledonia Mining Corporation, which operates Blanket Mine in Gwanda, says the...Published: 09 Jun 2022 at 06:37hrs | 377 | by Staff reporter
Zimbabwe gold output jumps 86,3%
ZIMBABWE'S total gold output for the first five months of the year spiked by 86,3 percent to 13,171,58kg compared to 7,068,85kg in the corresponding period in 2021, official data show.Accordin...Published: 08 Jun 2022 at 08:57hrs | 215 | by Staff reporter
Why Zimbabwe's de-dollarization route flopped
The Zimbabwean government has announced measures to promote the wider use of the domestic currency (The Zimbabwean Dollar) in a last-ditch effort to save it from the re-dollarization onslaught. Part o...Published: 08 Jun 2022 at 07:08hrs | 4300 | by Victor Bhoroma
Zesa needs US$300m to address backlog
ZESA Holdings has a backlog of 305 000 domestic customers who need to have electricity connected to their homes, but requires a whooping US$300 million to connect all of them, a senior official has sa...Published: 06 Jun 2022 at 09:59hrs | 931 | by Staff Reporter
Zimbabwe abandons debt relief initiative
The Zimbabwe government has abandoned its plan to access a debt relief facility under the Highly Indebted Poor Countries (HIPC) initiative, meant to resolve its unsustainable debt, Business Times repo...Published: 02 Jun 2022 at 09:29hrs | 1155 | by Staff reporter
Mnangagwa headlines miners conference
PRESIDENT Mnangagwa will be guest of honour at this year's annual conference of the Chamber of Mines of Zimbabwe to be held in Victoria Falls.The conference runs from tomorrow to Saturday unde...Published: 01 Jun 2022 at 06:32hrs | 115 | by Staff reporter
Tuli Manyange Dam work gathers momentum
THE construction of Tuli Manyange Dam in Gwanda District is gathering pace, with works on the main dam having started.Authorities say the project is taking shape and moving at a fast pace to m...Published: 30 May 2022 at 06:58hrs | 486 | by Staff reporter
Beer drinkers church: when the love of God and booze meet
THE inviting, melodious echoes flow downhill as we make the final ascend.In the absence of musical instruments to enhance output, they use their palms to issue out some rhythmic claps which bl...Published: 25 May 2022 at 06:41hrs | 1608 | by Staff reporter
Zimbabwe: Class IN itself versus Class FOR itself
US goose versus NED ganderTHERE is always more to write about than there is space to publish. Last week I had to drop two key matters, to allow myself to address in extenso what I sought to ra...Published: 21 May 2022 at 17:53hrs | 55 | by Staff reporter
Nkayi sends roads SOS to govt
NKAYI Rural District Council (RDC) has sent a distress call to the Government over lack of road maintenance machinery, a development that has seen it being shortchanged by contracted companies....Published: 20 May 2022 at 06:28hrs | 220 | by Staff reporter
Zimbabwe suspends platinum levy
THE Government has suspended the 5 percent levy on raw platinum exports after miners lobbied the Treasury for its removal citing its detrimental impact on operations and the commitment by industry pla...Published: 17 May 2022 at 06:31hrs | 155 | by Staff reporter
ZESA hikes local currency rates
ELECTRICITY tariffs have reverted to the local currency equivalent of the US dollar charges of 2018 with the Zimbabwe Electricity Transmission and Distribution Company saying the adjustment is meant t...Published: 16 May 2022 at 06:22hrs | 652 | by Staff reporter
Load More Stories
