ZESA’s debt to Hidroeléctrica de Cahora Bassa (HCB) rose to US$97 million last year, up from just over US$45 million in 2019, the Mozambican power supplier says.
Zimbabwe was the second largest debtor to HCB...
Government will guarantee US$750 000 of a CBZ loan to Luxaflor Roses, the country’s biggest rose producer, under a COVID-19 stimulus package for local companies.
A government gazette issued Friday said the US$750 000...
Precious Nyika, the CEO of Lafarge Zimbabwe, has an interesting marketing battle ahead of her; convincing the local market that a house built in 12 hours is still a house.
Lafarge Zimbabwe plans to...
The technical assessment team of the Southern African Development Community (SADC) will propose dispatching 2,916 military personnel to assist Mozambique to combat armed groups targeting the country’s northern region.
The proposal appears in the...
The European Investment Bank (EIB) has agreed a €15 million fund to support Zimbabwean businesses hit by COVID-19, the first such financing to the country by the bank in over two decades.
The fund,...
What are the recent financial reports by companies in the consumer business are telling us about the state of people’s pockets? Under pressure, but surprisingly resilient.
The past year saw inflation rise above 800%,...
Zimbabwe has recently announced it will sell licences to elephant hunters, in order to raise money to fund national parks. Botswana has also issued similar hunting licences, while Namibia is selling some of its excess elephants. As...
By Sharon Mupfure
The running mate clause is one of the provisions being dropped under the controversial Constitutional amendment Bill. It has been one of the issues featuring mostly in the debates around the...
By Takura Zhangazha
The Parliament of Zimbabwe is in the process of amending Zimbabwe’s national constitution, for the second time in as many years.
At the time of writing, the Constitutional...
Every year, many rural communities in Zimbabwe find themselves staring at more guavas than they know what to do with. Schweppes, one of the country’s biggest beverage makers, has a plan for them.
Through...
