November 28, 2024
GOVERNMENT will launch a new livestock policy by year end which seeks to protect cattle owners from being shortchanged by private abattoirs as well as reduce statutory charges in trading, a junior minister has said. Paddy Zhanda, the deputy minister of agriculture responsible for livestock told The Source…
A CHINESE state-owned contractor, Sino Hydro Corporation, which now has two major power projects in the country, will have to work hard over the next four years to ensure its projects start generating power for Zimbabwe’s crisis-torn economy. Government and directors at the State-owned Zimbabwe Power Company (ZPC)…
THE Reserve Bank of Zimbabwe (RBZ) has issued US$300 million worth of Treasury Bills (TBs) to local banks to compensate companies whose foreign currency accounts it raided during the hyperinflationary era, the Financial Gazette can report. The move is meant to forestall legal claims by the companies against…
WEAK sentiment has undermined performance on the Zimbabwe Stock Exchange (ZSE), with the outlook likely to remain negative in a market starved of positive fundamentals, analysts said. The bourse has been bearish since September 26 due to jitters over a raging succession battle in ZANU-PF. Analysts said investors…
AS we inch towards the 2018 elections, the country looks poised to seeing some women names on the ballot as candidates for the country’s highest office — the presidency — in an apparent wave of the feminisation of political leadership. It is in the air and it is…
THE State Procurement Board (SPB) has been caught in the eye of the storm once again amid revelations that it breached procurement regulations by restricting a tender for the construction of 300 megawatts (MW) solar plants in Matabeleland South Province to six bidders who had earlier participated in…
CLOSE to 15 000 teachers in Zimbabwe are unqualified following more than a decade of skills flight in the education sector. The sector has experienced an exodus of trained teachers to greener pastures owing to the economic hardships that have gripped the country since 2000. Despite Zimbabwe having…
AFTER a two-week-long visit, the International Monetary Fund (IMF) has called upon Harare to review its indigenisation policy and slash its wage bill by nearly 80 percent. The demands have put ZANU-PF between a rock and a hard place. Long known to favour populist policies ahead of implementing…
AFRICAN Distillers Limited (Afdis) has commissioned a new US$5million cider plant at their Mt Hampden factory. The investment is expected to increase the company’s annual production capacity by 59 percent. While the old line produced 1 300 litres per hour, this will now increase to 4 200 litres…
ZIMBABWE Power Company (ZPC), a subsidiary of ZESA Holdings, an integrated electricity generation and supply company will on October 3 sign an engineering, procurement and construction (EPC) agreement with Chinese firm, Sino Hydro Corporation for Hwange Thermal Power Station expansion project. Under an EPC contract, the contractor designs…
