‘US$3bn Sengwa deal still alive’

HE Industrial and Commercial Bank of China (ICBC) has not reneged on an agreement to finance the US$3 billion coal fired power plant Zimbabwean firm, RioZim, wants to develop in Sengwa, Gokwe North, sources have said.

RBZ to enhance forex financial inclusion

INDIVIDUALS will soon be able to buy a minimum of US$50 per week from bureaux de change across the country, the Reserve Bank of Zimbabwe (RBZ) said as it moved to cater for small value foreign currency needs of ordinary citizens.

Melfort city: Solution to rapid urbanisation

With nearly 70 percent of the global population expected to live in cities by 2050, the use of artificial intelligence solutions has become an integral part in reshaping urban set up.

Zimplats commits over US$570m to capital projects

Zimbabwe’s largest platinum producer, Zimplats has lined up capital projects valued at over US$570 million, with the projects at different stages of implementation spanning up to year 2027.

Agribank to offer interest on savings

AGRICULTURE Development Bank (re-branding to Agricultural Finance Company) says it will soon start paying interest on local savings and foreign currency accounts (FCA), as part of its drive to broaden the banking group’s deposit base.

Unki’s de-bottlenecking project to create jobs

Unki Mine’s de-bottlenecking project will result in increased employment and enhanced foreign currency generation, Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa said this week during a post cabinet briefing.

LAST WORD: Action to clear auction bids needs to work

Action is being taken to clear the build-up in auction allotments that have yet to be converted to actual foreign currency in bidders’ bank accounts, largely using the Reserve Bank of Zimbabwe (RBZ)’s share of the growing flow of foreign currency receipts.

By the numbers: The ZSE August performance

The month of August was the worst for investors on the Zimbabwe Stock Exchange as it became the only one the local bourse has closed lower than the previous month.

Bulawayo schools seek bailout from Govt – $23 million in water arrears

Thandeka Moyo-Ndlovu, Senior Reporter BULAWAYO schools have asked Government to bail them out as they are failing to pay more than $23 million they owe the Bulawayo City Council in…

‘225 000 housing units by 2025’

Harare Bureau AS the Second Republic moves to clear a 1,2 million housing waiting list backlog, colonial structures in the country’s old suburbs will be pulled down to build back…

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