Business

Govt paying off Telecel shareholding balance

Govt paying off Telecel shareholding balance

THE government has begun paying off the balance to acquire a 60% shareholding in Telecel Zimbabwe and the transaction should be complete by next week.
Sources yesterday revealed that the government had sent $30 million to VimpelCom.

5MW Hwange solar plant on cards

5MW Hwange solar plant on cards

A PRIVATE energy firm, SolGas (Private) Limited, has approached the Zimbabwe Energy Regulatory Authority (Zera) seeking a licence to set up a 5 megawatt (MW) solar photovoltaic power plant in Matabeleland North province as part of efforts to ease the country’s power shortages.

CZI president  takes Byo  business challenges  head on

CZI president takes Byo business challenges head on

THE Confederation of Zimbabwe Industries (CZI) president Busisa Moyo will on Saturday address Bulawayo residents and businesspeople on the status…

Govt declares Vic Falls Tourism Special Economic Zone

Govt declares Vic Falls Tourism Special Economic Zone

ZIMBABWE’S prime resort town of Victoria Falls has been declared a Tourism Special Economic Zone (TEZ), a development expected to spur growth in tourist arrivals and create employment for locals, Finance minister Patrick Chinamasa has said.

Metallon’s Zimbabwe unit Q3 gold output falls 7 pct year-on year

Metallon’s Zimbabwe unit Q3 gold output falls 7 pct year-on year

Metallon Corp, the biggest gold producer in Zimbabwe, reported a 7 percent drop in gold production year-on-year, during its third quarter due to equipment breakdowns and increased power disruptions.

Dollar Goes From Savior to Scapegoat as Zimbabwe Economy Buckles

Dollar Goes From Savior to Scapegoat as Zimbabwe Economy Buckles

Zimbabwe freed its economy from the nightmare of hyperinflation by dumping its currency and adopting mainly the U.S. dollar. Six years on the economy is back in crisis.

Murowa should maintain Rio Tinto standards: Chidhakwa

Murowa should maintain Rio Tinto standards: Chidhakwa

Mines minister Walter Chidhakwa has said Murowa Diamonds should maintain standards set by former largest shareholder, Rio Tinto and not allow a situation where the company collapsed because it has been taken over by locals.

Zimbabwe threatens to re-impose platinum tax if miners don’t process locally

Zimbabwe threatens to re-impose platinum tax if miners don’t process locally

Zimbabwe could re-impose a 15 percent tax on raw platinum ore exports if mining companies do not deliver on pledges to build smelters and refineries to help boost the local economy, the finance minister said on Thursday.

Zimbabwe’s 2015 gold output seen at highest in 11 years

Zimbabwe’s 2015 gold output seen at highest in 11 years

Gold output in Zimbabwe is expected to rise this year to 18.4 tonnes, the highest level in 11 years, thanks to higher production from small-scale miners, the mining chamber said on Wednesday.

Zimbabwe Innscor’s restaurants unit to list on Nov. 6

Zimbabwe Innscor’s restaurants unit to list on Nov. 6

Zimbabwean fast food group Innscor Africa will separately list its restaurants unit on Nov. 6, allowing it to pursue mergers and acquisitions of companies operating similar businesses, the company said on Monday.

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