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