FINANCIAL SERVICES

Bank cards crime soars

AS THE country's economic rot continues to deepen, police are warning the public about a sharp increase in crime relating to bank cards. This comes as Zimbabwe continues to experience serious shortage...

By Staff reporter | Published: 29 October 2019

BUSINESS NEWS

Zesa announces more load shedding

ZIMBABWEANS should brace for worse load shedding following "severe supply constraints" being experienced at South African power utility Eskom. The national power utility advised consumers about the la...

By Staff reporter | Published: 18 October 2019

MINING & RETAIL

Mnangagwa to launch ambitious US$$12bn mining roadmap next week

PRESIDENT Emmerson Mnangagwa is set to officially launch a roadmap towards achieving an ambitious US$$12bn mining industry in the next four years as government moves to get more value from the capital...

By Staff reporter | Published: 11 October 2019

MINING & RETAIL

Zimbabwe drafting new coal tariffs

GOVERNMENT has paid tribute to Makomo Resources for keeping the nation's lights on by continuously supplying coal to the Zimbabwe Power Company at a time the country's economy and coal mining sector a...

By Staff reporter | Published: 10 October 2019

INDUSTRIALS & ENERGY

Cottco completes ZAMCO loan repayment

The Cotton Company of Zimbabwe (Cottco) has completed repayment of a $54 million loan granted by ZAMCO in 2014, marking a milestone in the revival of the company, backed by government support granted ...

By Staff reporter | Published: 06 October 2019

POLITICS

Roadworks scandal hits Harare

Harare City Council (HCC) is reeling from yet another controversy after an internal audit unearthed a major scandal through which some road contractors engaged to rehabilitate 43 selected roads in the...

By Staff reporter | Published: 06 October 2019

POLITICS

Mnangagwa bemoans slow law-making processes

PRESIDENT Emmerson Mnangagwa has com- plained about the slow law-making processes in Parliament, adding there was need for urgency in the spirit of universal development. During the official opening o...

By Staff reporter | Published: 05 October 2019

FINANCIAL SERVICES

RBZ floats $300m additional TBs

THE Reserve Bank of Zimbabwe (RBZ) yesterday returned to the market with a fourth batch of treasury bills (TBs), this time seeking to raise ZWL$300 million to finance Government programmes. The latest...

By Staff reporter | Published: 04 October 2019

OPINION

New Zesa board will have its work cut out

The tough talk by Energy and Power Development Minister Fortune Chasi to appoint a new Zimbabwe Electricity Supply Authority (ZESA) board is a noble idea because the country has been battling acute el...

By Beaven Dhliwayo | Published: 04 October 2019

BUSINESS NEWS

Govt to float infrastructure bond for Harare

The Government will soon float an infrastructure bond to raise funds for water, sewer, roads and other equipment for the City of Harare, a Cabinet minister said yesterday. The Harare City Council is s...

By Staff reporter | Published: 27 September 2019

INDUSTRIALS & ENERGY

Sable Chemicals to invest in coal bed methane

Fertiliser manufacturer Sable Chemicals has started feasibility studies to mine coal bed methane gas in Lupane as it seeks to cut on its import bill, an official has said.The company, which is the sol...

By Staff reporter | Published: 24 September 2019

MINING & RETAIL

Coal production down 43% in year to July

The mining sector had another mixed month in July with changes in output varying across the board while total earnings from mining commodities fell by 13% to US$205 million. Positively, gold, the coun...

By Staff reporter | Published: 23 September 2019

CONSTRUCTION & PROPERTY

Govt speeds up Chirundu-Beitbridge road rehabilitation

Government has engaged four more contractors to speed up road rehabilitation works of the Harare-Beitbridge Highway.Since the ground-breaking ceremony held in Beatrice a few months ago, progress has b...

By Staff reporter | Published: 11 July 2019

BUSINESS NEWS

Gweru rejects $200k roads plan

GWERU city fathers have rejected a deal put forward by the local authority's management to channel over $200 000 from its coffers to pay a private company to complete rehabilitation of roads in the de...

By Staff reporter | Published: 09 July 2019

BUSINESS NEWS

Ex-ZPC board chair reveals other Chivayo beneficiaries

FORMER Zimbabwe Power Company chairperson Stanley Kazhanje, who is accused of concealing his business interests in Intratrek Zimbabwe, yesterday revealed in court that he was not the only engineer pai...

By Staff reporter | Published: 27 June 2019

BUSINESS NEWS

Load shedding to intensify - ZESA

Power utility, Zesa Holdings, has announced that it will implement load shedding outside the official schedule following a breakdown at Hwange Power Station. "Due to a technical fault at Hwange Power ...

By Staff reporter | Published: 26 June 2019

INDUSTRIALS & ENERGY

Government retires Ziscosteel board

DEFUNCT steel manufacturer, Ziscosteel, is set to get a new board of directors after Government retired the entire old board that had been in office for more than a decade. Industry and Commerce Minis...

By Staff reporter | Published: 14 June 2019

POLITICS

Chinamasa appointment to Air Zimbabwe board 'dubious'

President Emmerson Mnangagwa has named former finance minister Patrick Chinamasa as the new chairman of the Air Zimbabwe board - but the validity of the appointment was immediately thrown into questio...

By Staff reporter | Published: 11 June 2019

TRANSPORT & TOURISM

Air Zimbabwe needs $12m to stay afloat

AIR ZIMBABWE judicial manager Reggie Saruchera says he is pushing authorities to avail a $12 million package to maintain the airline's fleet and acquire additional aircraft.Saruchera told parliamentar...

By Staff reporter | Published: 11 June 2019

CONSTRUCTION & PROPERTY

Lafarge Zimbabwe acquires US$30 million loan

LAFARGE Cement Zimbabwe has obtained a long-term US$30 million facility to enable settlement of outstanding obligations.In its audited results for the year ended December 31 2018, the cement manufactu...

By Staff reporter | Published: 03 May 2019

BUSINESS NEWS

Zimbabwe to float infrastructure bond

Government will float an infrastructure bond and turn to private-public partnership (PPPs) to raise funding amid revelation that at least US$14bn is required to rehabilitate Zimbabwe's infrastructure....

By Staff reporter | Published: 02 May 2019

MINING & RETAIL

Makomo coal output plunges in Q1

Coal miner, Makomo Resources, says production in the first quarter of the year remained subdued, with output only reaching half of the company's target due to the unavailability of key raw materials."...

By Staff reporter | Published: 02 May 2019

BUSINESS NEWS

ZiFM to broadcast State of the Economy Report launch

ZiFM Stereo will broadcast live the launch of the quarterly State of the Economy Report produced by the Africa Economic Development Strategies (AEDS) in conjunction with the Daily News.The report will...

By Staff reporter | Published: 02 May 2019

BUSINESS NEWS

Newly-commissioned road needs repairs

The newly-constructed 2,4km West Road in Tshovani Township in Chiredzi, which was funded by the Zimbabwe National Road Administration (Zinara) at a cost of ZWL$510 000 and commissioned by Masvingo Pro...

By Staff reporter | Published: 01 May 2019

BUSINESS NEWS

BCC, Zinara in $15m Bulawayo roads rehab project

THE City of Bulawayo in conjunction with Zimbabwe National Roads Administration (Zinara) has embarked on a $15 million joint roads rehabilitation programme which is likely to spruce up the city's poth...

By Staff reporter | Published: 29 April 2019
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