Muzarabani oil, gas drilling start early 2022

INVICTUS Energy, the Australian firm hunting for oil and gas in Muzarabani, may start drilling exploration wells early next year, after taking delivery of massive state -of -the –art- equipment to be used in identifying well sites.

Mthuli to deploy US$1bln SDRs to strategic sector

Treasury will deploy its share of close to US$1 billion equivalent of Special Drawing Rights (SDRs) from the International Monetary Fund (IMF), to support economic recovery and key social programmes for vulnerable groups.

Zesa hunts for affordable electricity

Zesa Holdings is developing a national network masterplan that seeks, among other key targets, to identify the most viable least-cost generation projects for development to secure national power supply.

SeedCo moves to address post – harvest losses

Seed processing concern, SeedCo, has implored farmers to safeguard and secure their harvest against deterioration and spoilage if they are to minimise post-harvest losses.

Standard Chartered pledges US$200mln to fight Covid-19 in Africa

THE Standard Chartered Bank has pledged US$200 million support towards initiatives to finance the acquisition of Covid-19 vaccines for African countries.  

‘Vaccination to shield economy from Covid-19′

PROGRESS being recorded by the Government in efforts to vaccinate the majority of citizens will help minimise the negative impact of the third wave of Covid-19 on Zimbabwe’s economic growth targets, analysts say. 

RBZ incentives drive gold deliveries up

THE country’s gold output last month increased by 75 percent to 2,924 tonnes from 1,668 tonnes in May on the back of incentives availed by the Reserve Bank of Zimbabwe (RBZ).  

Zim exports jump 9,5 pc to US$486.8mln – ZimStat

The value of Zimbabwe’s total exports clocked US$486,8 million in May this year, signifying a marked increase of 9,5 percent from $444,7 million earnings realised in April, the Zimbabwe National Statistics Agency (ZimStat) has revealed. 

Construction sector scouts for regional synergies

CONSTRUCTION industry players in Zimbabwe have expressed readiness to tap into growing opportunities in the region and are keen to secure strategic synergies with their peers across Africa.  

Diaspora inflows defy Covid-19 pandemic

Zimbabwe’s Diaspora remittances jumped 58 percent last year, to about US$1 billion, a development that helped the Southern African country to cover gaps left by trade disruptions caused by the Covid-19 pandemic.  

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