ZIMBABWE PRESIDENT TO UNVEIL US$10M TIE AND BRICK PLANT

ZIMBABWE PRESIDENT TO UNVEIL US$10M TIE AND BRICK PLANT

President Emmerson Mnangagwa to unveil SZCC’s tie and brick manufacturing plant. President Emmerson Mnangagwa will today officially commission the brink and tile manufacturing plant at Sino Zimbabwe Cement Company. The official unveiling of the plant will enable additional competition to the industry. During the announcement by Midlands Provincial Affairs Minister Senator Larry Mavima, the plant will also provide additional bricks and competition, which in turn will have an effect on pricing. The aim of the…

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ZIMBABWE TO GET INFRASTRUCTURE TIPS FROM INDIA EXIM BANK

ZIMBABWE TO GET INFRASTRUCTURE TIPS FROM INDIA EXIM BANK

Exim Bank of India set to promote Zimbabwe Infrastructure. India Exim Bank is making plans to share its infrastructure ideas with Zimbabwe. This is after the bank announced its plans to visit the nation with the aim to promote their export goods. The bank role will be to coordinate and act as a facilitator towards promoting project export. According to report from African Development Bank (AfDB), Zimbabwe needs over US$30 billion to revamp its aging and dilapidated…

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SOUTH AFRICA DECLINES ZIMBABWE US$1.2 BILLION LOAN REQUEST

SOUTH AFRICA DECLINES ZIMBABWE US$1.2 BILLION LOAN REQUEST

Zimbabwe’s US$1.2-billion loan request rejected; South Africa says it doesn’t have “that kind of money” A spokesman for the finance ministry in South Africa today said , South Africa rejects the request from its neighboring country Zimbabwe for US$ 1.2 billion loan.   The national spokesman Jabulani Sikhakhane said, “South Africa did not have that kind of money”. Zimbabwe’s governments have hoped the loan could have help to stabilize the economy and maybe even resolve…

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ZIMBABWE’s PRESIDENT TO MISS WORLD ECONOMIC FORUM

ZIMBABWE’s PRESIDENT TO MISS WORLD ECONOMIC FORUM

Zimbabwe’s President skips World Economic Forum (WEF) in Davos due to violent protests in his country. Amid the current unrest in Zimbabwe; her President Emmerson Mnangagwa have being out of the country for series of bilateral trade and investment meetings in Russia. However, he recently announced via twitter that he was returning home and will be skipping the World Economic Forum (WEF) in Davos, Switzerland. See tweet below: In light of the economic situation, I…

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