adminShell shuts Nigerian gas plant after new pipeline leak
LAGOS. – Shell has shut down a gas plant in Nigeria following the latest in a series of pipeline leaks, causing a shortfall in gas
African leaders raise funds for drought-hit Somalia
ADDIS ABABA. – African leaders held a rare fund-raiser in Ethiopia yesterday in a bid to plug a US$1,1 billion shortfall in aid
Pentagon releases report on China’s military
WASHINGTON. – The US Department of Defense on yesterday unveiled its annual report on China’s military, recognising and
Is the message clear for the youths?
Children are taught of HIV and Aids from primary school. All school-going children have heard of the message and know of
Electricity tariffs go up 31pc next Tuesday
Lloyd Gumbo Herald Reporter
ELECTRICITY rises 31 percent next Tuesday to an average of 9,83 US cents a unit after the Government finally accepted a decision by the Zimbabwe Electricity Regulatory Commission.
The increase, made after extensive consultations, is designed to make Zesa, the sole distributor of power in Zimbabwe, profitable and able to fund its expansion.
A similar rise approved by the regulator in February was suspended by the Government until there had been more consultation, a condition now met and hence the Government’s approval.
The average tariff was set at 7,53USc a kilowatt hour in 2009 soon after the switch to multiple currencies and has remained constant since.
Dramatic BMW concept becomes motor show reality
THE year has so far been one with a difference for motoring fans in Africa, well Southern Africa to be specific. So much has
Mutamangira optimistic of Hwange turnaround
Business Reporter
HWANGE Colliery Company Ltd chairman Mr Farai Mutamangira has set his sights on enhancing the viability of the coal-mining
Airzim crisis costing economy
ZIMBABWE cannot afford to continue losing millions of dollars due to the crisis at Air Zimbabwe. The country is currently
Taxpayer appreciation day on the cards
Business Reporter
THE country’s revenue collection agency, Zimra, is planning to introduce a taxpayer appreciation day sometime this year taking
Zimplats profit up 64pc
Business Reporter
LOCAL platinum producer Zimbabwe Platinum Holdings registered a 64 percent jump in profit after tax for the year to