MINING companies are on the verge of signing direct offtake agreements with independent power producers (IPPs), as they seek to ensure adequate energy supply for their operations. (more…)
ZIMBABWE’S first independent television station, 3Ktv, marked 100 days of live broadcasting on Tuesday this week, as the history-making channel continues to grow from strength to strength.…
THE World Bank (WB) has cut Zimbabwe’s growth forecast to 3,7 percent, from a 4,3 percent forecast earlier this year, warning that the Russia-Ukraine conflict has compounded the damage caused by the Covid-19 pandemic. (more…)
ZIMBABWE’S trade deficit with its neighbour and biggest trading partner, South Africa (SA), shrunk by US$19,5 million in April to US$40,7 million, compared to March. Latest data from the Zimbabwe National Statistics Agency (ZimStat) shows that imports from SA were down by US$20,8 million to US$279 million during…
DELTA Corporation (Delta) has lined up an ambitious capitalisation programme that will see it investing in additional capacity amid expectations that demand will remain firm. (more…)
MINERS in the country have appealed to the Reserve Bank of Zimbabwe (RBZ) to review the current foreign currency retention policies to address cashflow problems the industry is facing. (more…)
FINANCE ministry permanent secretary George Guvamatanga says small to medium enterprises (SMEs) deserve to be supported by the financial sector as they offer value for credit. (more…)
ZIMBABWE’S gold mining industry says it projects revenue from the sector to rise by 38 percent to US$2.5 billion this year, from US$1.8 billion last year, underpinned by the return to full-scale production as lockdowns are relaxed, along with an improved investment climate. (more…)
BUSINESS expects little improvement in the operating environment in the short to medium term, amid continuing policy inconsistencies, rising inflation and high Zimbabwe dollar volatility. (more…)