Bulawayo Thermal Power Station refurbishment to be completed in 2018
Dumisani Nsingo Senior Business Reporter THE refurbishment of the Bulawayo Thermal Power Station at a cost of $87 million which will see an additional 90 megawatts (MW) being channelled into the…
Cash crisis needs urgent attention
IT is easy to watch a problem getting worse and that seems to be exactly what is happening with regards to the cash challenges that the country is facing. The Reserve…
Sadc calls for infrastructure dev . . . encourages prioritisation of high yeild projects
Fairness Moyana in Victoria Falls SADC member states have been urged to prioritise projects that yield the highest economic and social benefits in an effective way given the limited availability…
Yeast production to go up
Munyaradzi Musiiwa Midlands Correspondent The country’s sole yeast manufacturing company Lesaffre Zimbabwe formally Anchor Yeast, is set to double its production towards the end of the year and increase its…
Tobacco farmers sell $312m worth of golden leaf
HARARE – Tobacco farmers have so far accrued $312 million from the sale of 107,8 million kilogrammes of Virginia tobacco since the tobacco selling season began on March 30, latest…
Emerging Africa Infrastructure Fund appoints Investec Asset Management to manage $670m fund
FOLLOWING a competitive tender process that brought interest from over 30 companies, from across Europe, Africa and North America, the Emerging Africa Infrastructure Fund Limited (EAIF or the Fund) has…
China’s new reserve calculation rules to smoothen liquidity
BEIJING — China’s central bank has made fresh adjustments to the calculation of the reserve requirement ratio ( RRR ) for banks, which an official research note said, will help…
GE, Mara Group and Atlas Merchant Capital partner to invest in infrastructure across Africa
GENERAL Electric (GE), Mara Group and Atlas Merchant Capital have partnered to help address infrastructure challenges in Africa through investments in equity projects. The three companies will invest in infrastructure projects…
US sanctions expected to hit small banks’ business with North Korea
BEIJING — Chinese banks that do business with North Korea stand to lose several billion dollars in the wake of new United States Treasury Department sanctions on all such foreign…
Govt moves to revive Golden Kopje Mine
HARARE — The Zimbabwe Mining Development Corporation (ZMDC) has commenced the process of reviving gold producer Golden Kopje Mine by seeking a firm to carry out a feasibility study for…






