BUSINESS NEWS

RBZ clamps down on illegal cash deals

THE Reserve Bank of Zimbabwe has banned with immediate effect all cash-in, cash-out and cash-back transactions, which were used by some dealers to extort cash from members of the public. Further, the ...

By Staff reporter | Published: 01 October 2019

TRANSPORT & TOURISM

NRZ says happy with DIDG deal

THE National Railways of Zimbabwe (NRZ) has expressed satisfaction with progress made towards concluding the US$400 million recapitalisation deal with the Diaspora Infrastructure Development Group (DI...

By Staff reporter | Published: 24 September 2019

BUSINESS NEWS

Mnangagwa's govt stalls Harare bus deal

CHINA Nachang Engineering (Pvt) Ltd has withdrawn from a US$400 million deal with Harare City Council which was expected to supply 600 green-energy buses in the metropolitan province, saying it was ad...

By Staff reporter | Published: 12 July 2019

BUSINESS NEWS

Mthuli Ncube could hike rates over 50% to deal with speculators

Zimbabwe won't hesitate to raise interest rates above their current level of 50 percent to deal with speculative borrowers, Finance Minister Mthuli Ncube said on Monday.As inflation soared, the govern...

By Reuters | Published: 10 July 2019

INDUSTRIALS & ENERGY

RioZim, Zesa to ink power deal

RIOZIM says its US$1,5 billion investment into building a 2 800 megawatts thermal power station in Sengwa, Gokwe North, remains firmly on course with the company now moving to the next phase of prelim...

By Staff reporter | Published: 10 July 2019

BUSINESS NEWS

Chasi flies to SA to finalise a power import deal with Eskom

Energy and Power Development Minister Fortune Chasi is in South Africa to finalise a power import deal with Eskom as the Government moves to reduce power shortages. Minister Chasi's trip to South Afri...

By Staff reporter | Published: 10 July 2019

BUSINESS NEWS

'Mozambique, Zimbabwe power deal done'

Mozambique is ready to assist Zimbabwe with increased supplies of electricity from Cahora Bassa, the President has said. He was speaking on the sidelines of the 12th Extraordinary Summit on the Contin...

By Staff reporter | Published: 09 July 2019

BUSINESS NEWS

Stanbic, SAZ in solar plant deal

FINANCIAL services institution, Stanbic Bank Zimbabwe, has facilitated the construction of a ZAR7 million 190kw solar plant for Standards Association of Zimbabwe (SAZ) as part of interventions to aid ...

By Staff reporter | Published: 05 July 2019

TRANSPORT & TOURISM

Air Zimbabwe, Mack Air in flights deal

The national airline Air Zimbabwe and Botswana based charter airline Mack Air today signed an agreement for the launch the "Flame Lilly Hoppa" domestic and regional air service.The agreement, which wa...

By Staff reporter | Published: 04 July 2019

TELECOMS & TECHNOLOGY

Potraz, telcos in base stations deal

The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has come into agreement with mobile network operators for the establishment of new base stations under a Build-Operate-Trans...

By Staff reporter | Published: 04 July 2019

POLITICS

Deal with corruption cases quickly: CJ Malaba

Chief Justice Luke Malaba has implored High Court judges to expeditiously deal with corruption cases to ensure that the matters are disposed of, adding its reputation "depends entirely on how these ca...

By Staff reporter | Published: 03 July 2019

BUSINESS NEWS

'Dealers diverting fuel to black market'

UNSCRUPULOUS fuel dealers are allegedly diverting large volumes of the commodity to the underground markets, causing shortages on the market, the National Oil Infrastructure Company (NOIC) chairman Da...

By Staff reporter | Published: 27 June 2019

POLITICS

ZRP starts equipping police to deal with rioters

THE Zimbabwe Republic Police (ZRP) has started equipping police to deal with rioters in fulfilment of recommendations made by a Commission of Inquiry led by former South Africa President Kgalema Motl...

By Staff reporter | Published: 26 June 2019

POLITICS

Mnangagwa's political dialogue not a power sharing deal

Government says national political dialogue recently launched by President Mnangagwa was not a power sharing negotiation or an initiative towards the creation of Government of National Unity (GNU) but...

By Staff reporter | Published: 13 June 2019

BUSINESS NEWS

Zimbabwe may withdraw from Endangered-Species deal to sell $300m of ivory

Zimbabwe may consider withdrawing from the Convention on International Trade in Endangered Species because the organization won't allow it to sell its ivory stockpile.The southern African nation with ...

By Bloomberg | Published: 11 June 2019

BUSINESS NEWS

Brexit no deal could cost Zimbabwe US$4,6 million

ZIMBABWE stands to lose at least 5% of its yearly exports to the United Kingdom in the case of Britain leaving the European Union without a deal, a new United Nations agency report has shown.According...

By Staff reporter | Published: 05 May 2019

LANDS & AGRICULTURE

Zimbabwe strikes US$2m agric deal with Japan

Zimbabwe has entered into a US$2 million agreement with Japan, targetted at smallholder agriculture as part of efforts to revive the sector.The Zimbabwe Smallholder Horticulture Empowerment and Promot...

By Staff reporter | Published: 03 May 2019

INDUSTRIALS & ENERGY

Lancashire Steel deal collapses

A DEAL in which Indian firm, Whinstone Enterprises, was set to pour in funding into Lancashire Steel in a joint venture arrangement, has crumbled after the firm failed to follow laid down Government p...

By Staff reporter | Published: 03 May 2019

MINING & RETAIL

Zimbabwe eyes deals at Arab African mining conference

Stakeholders in the mining industry will in June convene in London for the third annual Arab African Mining Conference Exhibition where Zimbabwe is anticipating to strike mega deals for the mining sec...

By Staff reporter | Published: 29 April 2019

MINING & RETAIL

Mnangagwa pens $5 billion mining deal

PRESIDENT Emmerson Mnangagwa's government has inked what it has termed a major mining investment deal with Chinese company, Tsingshan Holdings.The deal, signed by Mines minister Winston Chitando and T...

By Staff reporter | Published: 24 April 2019

INDUSTRIALS & ENERGY

Lancashire Steel deal collapses

A DEAL in which Indian firm, Whinstone Enterprises, was set to pour in funding into Lancashire Steel in a joint venture arrangement, has crumbled after the firm failed to follow laid down Government p...

By Staff reporter | Published: 24 April 2019

MINING & RETAIL

Zimbabwe seals $5 billion deal for new steel plant

GOVERNMENT yesterday signed an investment deal worth more than $5 billion with a Chinese steel manufacturing giant, Tsingshan, for the setting up of a new steel plant in Mvuma and to bankroll a number...

By Staff reporter | Published: 24 April 2019

MINING & RETAIL

Edgars charges on Edcon deal

Edgars Stores Zimbabwe (Edgars) stock headlined gains on the Zimbabwe Stock Exchange (ZSE) last week after surging 43,64 percent following an announcement that Edcon South Africa (Edcon) was shoring u...

By Staff reporter | Published: 30 January 2019

LANDS & AGRICULTURE

ARDA Katiyo in US$95m investment deal

Agricultural productivity at ARDA Katiyo Estate is being revived after government secured investors that will channel at least US$95 million towards tea and avocado production.The investment deal will...

By Staff reporter | Published: 29 January 2019

TRANSPORT & TOURISM

$400m NRZ deal in limbo

GOVERNMENT is reconsidering the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation project to be jointly undertaken by the South African rail, port and pipeline company, Transnet and ...

By Staff reporter | Published: 11 January 2019
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