NEW: US$400k released to compensate depositors
The Deposit Protection Corporation (DPC) has released US$400 000 to compensate depositors who lost value when Government floated the Zimbabwe dollar in 2019.
Asaph says he is the best rapper in Zimbabwe…do you agree?
Bulawayo-based hip-hop artiste Asaph, real name Tafadzwa Tarukwana, recently took to Twitter to declare that he is the best rapper in the country.
Invictus raises A$8 million for Muzarabani drilling
INVICTUS Energy – the Australian Stock Exchange (ASX)-listed firm searching for oil and gas in Muzarabani, Mashonaland Central – has completed an oversubscribed capital raise of A$8 million, part of which will be channelled towards paying the fee for its drilling rig.
NEW: Hwange expansion: First unit set for commissioning
The first additional power-generating unit of Hwange Power Station (HPS) expansion project – Unit 7 – will be commissioned in November this year, adding 300MW to the grid, the Zimbabwe Power Company (ZPC) has confirmed.
NEW: Robbers steal US$50k from KFC Msasa
Six armed robbers stormed KFC Msasa branch on Sunday and got away with US$50 000 after attacking the security guard manning the premises.
RBZ moves to tackle price stability, exchange rate
THE Reserve Bank of Zimbabwe (RBZ) has moved in to address the loss of value of the local currency on the parallel market after engaging business leaders on Friday to home-in on strategies that will curtail inflation and maintain price stability.
11 000 motorists arrested in blitz
POLICE arrested over 11 000 motorists during the first week of the ongoing blitz targeting unregistered, unlicensed and uninsured motor vehicles on the country’s roads.
New agric measures commendable
The continued development of agriculture as a primary business engaged in by well over half the population, plus the need to ensure that these businesses are viable, were all pushed forward last week by the exemption from duty and VAT of a range of equipment and the pilot scheme on insuring crops.
Power shortages to ease this week
ZIMBABWE’S biggest power generation plant, Kariba South Power Station, will resume operating at full capacity this week, in a development that is expected to ease the crippling power shortages that have afflicted the country since December.
A political accident waiting to happen
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They share a common past, history, heritage, values, norms and aspirations.











