The World Bank has used a special health fund to provide US$7 million to Zimbabwe to help the country fight the spread of coronavirus. The US$7 million is made up of US$5 million from the World...
President Emmerson Mnangagwa on Friday announced the extension, by another 14 days, of a national lockdown which was due to expire today. Formal businesses previously deemed to be non-essential will now be allowed to...
Here's your latest edition of the newZWrap newsletter, after another eventful week. Highlights in this issue: ED's COVID-19 planHow Mthuli's IMF appear letter yet again shows policy discordWell behind on...
President Emmerson Mnangagwa has announced a Z$18bn economic stimulus package to respond to COVID-19, as he extended the lockdown by a further two weeks. The package is 9% of GDP and 28.6% of the...
RioZim says its main shareholder is willing to convert loans worth US$11 million into additional shares in the gold miner, but number two shareholder Old Mutual has turned down a proposal to increase the company’s authorised share...
Zimbabwean private equity fund Mangwana Opportunities, backed by businessmen Joe Mutizwa and Ted Galante, has taken up shares in Invictus Energy in a placement worth US$287,000. Funds raised from the transaction will be used...
President Emmerson Mnangagwa has signalled a further extension of the lockdown, saying he would pick “lives over the economy” and raising concern over a rise in new cases of COVID-19.  A two-week extension of...
Zimbabwe’s Rio Energy, a unit of RioZim, will build a 2,100 megawatt thermal power plant with China Gezhouba Group Corporation (CGGC) in northern Zimbabwe at a projected cost of US$3 billion, Rio Energy has announced.
The capital’s main COVID-19 treatment centre does not have intensive care unit (ICU) personnel to manage critically ill patients, a City of Harare epidemiology report has revealed. Harare’s 12 active coronavirus cases are the...
Econet Wireless founder Strive Masiyiwa has issued an appeal to the World Bank, the International Monetary Fund and other lenders to set up a US$500 million trust fund to help Zimbabwe and Sudan respond to coronavirus.
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