Renewable energy firm Centragrid, which became only the second Zimbabwean company to feed solar energy into the national grid last year, plans to upgrade its Nyabira plant to 25 megawatts by October 2021.
The plant, built by China’s Sinohydro 35...
US dollar allowances and allowing retailers to trade in forex show a government shifting into reverse gear, possibly ditching two years’ worth of policy steps to end dollarisation.
The damage ahead is inevitable. It could all have been avoided, had...
Zimbabwe’s raw milk production in the first five months to May fell by 3% as successive droughts hit stock feed, official data shows.
Milk production in the country was on a steady increase since 2009, but successive droughts have stifled...
Investment holding company Contango on June 18 started trading on the London Stock Exchange after completing the acquisition of Consolidation Growth Holdings’ interest in the Lubu coalfield in Zimbabwe.
Contango now has a 70% interest in the Lubu project, which has...
Here’s your newZWrap for the week. Highlights:
• How RBZ sabotaged the Zimdollar
• Health minister Moyo out on Z$50,000 bail
• Brace for fuel price hike as RBZ lets go of control
• Can govt afford US dollar allowances?
• 5 things you...
An entry on the website of one of John Bredenkamp’s companies tells us all we need to know about the controversial businessman: “In Africa, it is essential to work with change, not against it”.
Bredenkamp, who has died at 79,...
This month, Zimbabwe’s government will pay United States dollar allowances to its workers, exactly a year after declaring the end of a 10-year dollarisation experiment.
Wednesday’s announcement that the government will pay US$75 to each employee and US$30 to state...
A newly established Zimbabwean company has started making cigars for export, aiming to take on established players while developing a culture of cigar smoking at home.
Mosi-Oa-Tunya, the local name for Victoria Falls which means “the smoke that thunders”, is...
Reserve Bank of Zimbabwe has announced a new forex auction system, saying it will bring "transparency and efficiency" to currency trade.
The auction system is the latest in a series of attempts by central bank over the past two years...
Pressure is again building on central bank over its currency regime, as RioZim warns it can no longer sustain expenses due to payment delays and the fixed exchange rate, while the Chamber of Mines pleads for the lifting of...
