Invictus Energy can now start exploration at its Muzarabani project after the Environmental Management Authority (EMA) approved the company's Environmental Impact Assessment (EIA) plan. A certificate has been issued to Geo Associates, which is 80% owned by Invictus and is...
Distributed Power Africa (DPA) has completed the roll-out of over 500 Tesla lithium ion batteries to power commercial offices and telecom towers in Zimbabwe, Zambia and South Africa. According to the company, commercial activity has picked up after recent lockdowns...
The coronavirus pandemic is hampering efforts by Zimbabwean billionaire Strive Masiyiwa to sell a stake in Africa’s largest fibre company. Masiyiwa is seeking buyers for 20% to 34% of Liquid Telecommunications Holdings for as much as US$600-million, according to four...
Zimbabwe’s miners want to be allowed to use their gold output as security for foreign credit, saying increased country risk and central bank’s foreign currency regime has stalled expansion projects. The government has targeted mining as its main route out...
Zimbabwe’s largest bank, CBZ Holdings, on Tuesday shut down seven of its branches and five offices after 35 of its employees tested positive for COVID-19. The bank joins a growing list of companies and institutions that have publicly announced that...
Zimbabweans will now pay more to make calls and use the internet after the telecoms regulator authorised operators to peg their tariffs at the official exchange rate and in US dollars. In a notice to operators on Wednesday, the Postal...
Energy company Distributed Power Africa (DPA) says it has secured 120MW of renewable power projects in Zimbabwe, with projects of over 30MW already deployed. The projects that have already been built or are at advancted stages include installations at...
In October 2018, the Zimbabwe government put up the ‘For Sale’ sign on mines owned by the Zimbabwe Mining Development Corporation (ZMDC). This was part of a privatisation drive targeting 35 state-owned firms. Within a month of inviting bids, there...
Econet Wireless has filed an urgent chamber application to stop a search warrant issued against the company, saying it is an illegal violation of the privacy of its customers. The actions against Econet are part of a plan to destroy...
Finance Minister Mthuli Ncube had planned to sell all or part of 35 state enterprises by December this year. But, almost two years after he announced his plan, many of the transactions are still stalled at the starting line because...
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