Search Results for: zimbabwe

REHABILITATION OF BEITBRIDGE-HARARE ROAD ON TRACK IN ZIMBABWE

Posted on by Gambeta News
Rehabilitation Beitbridge-Harare Road

Beitbridge-Harare Road rehabilitation on track in Zimbabwe Rehabilitation process is on track for the Beitbridge-Harare Road in Zimbabwe. The project will help connect resident in Harare to different part of the nation. Meanwhile, It will be under the  Central Mechanical Equipment Department (CMED). The rehabilitation which is worth US$700 000 have a deadline of three-and-a-half years for completion. According to the Minister of  Transport and Infrastructural Development Joel Biggie Matiza the project will be monitor all the time. Joel Biggie…

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ZIMBABWE GOVT. TO SPEND US$1 BILLION ON ROADS PROJECTS

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road project

Govt. of Zimbabwe plans to spend US$1 billion on road projects under the Transitional Stabilisation Programme Zimbabwe government has approve funds for different road projects in the nation. This road project is under the 2019 Road Development Programme which is part of President Mnangagwa administration plans. The nation has been having challenges funding projects through its private-public-partnerships. This has made them switch to seek financing from the domestic market so as to help fund more projects. Meanwhile, the US$ 1…

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ZIMBABWE TO GET INFRASTRUCTURE TIPS FROM INDIA EXIM BANK

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India exim bank to promote zimbabwe infrastructure

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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NEW ZIMBABWE CURRENCY TO HAVE FISCAL DISCIPLINE BACKING

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New Zimbabwe currency to be backed up with fiscal discipline

New Zimbabwe currency to be backed up with fiscal discipline Finance Minister Mthuli Ncube recently said that the new Zimbabwe currency will be backed up with fiscal discipline. According to Ncube, the government will allow the new Zimbabwe currency – Real Time Gross Settlement (RTGS) dollar; to fluctuate but would manage excessive volatility. Zimbabwe’s Central bank have been slowly injecting dollars into some commercial banks so as to make cash available for businesses. In the past, absence of enough…

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ZIMBABWE TO LAUNCH INTER-BANK FOREX MARKET

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Zimbabwe to soon launch new inter-bank Forex market. On the 20th February, 2019, John Mangudya  Zimbabwe’s Central Bank Governor, said the establishment of a new inter-bank Forex market is in the process. He also said; the new Forex market will help remove the fixed exchange rate between the US dollar and its highly liquidable currency. The Central Bank Governor also said; the inter-bank Forex market will be of help to the Southern African to restore price…

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CONSTRUCTION PLANS ARE UNDERWAY FOR ANOTHER STADIUM IN ZIMBABWE

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Plans are underway to construct another stadium in Zimbabwe

Plans are underway to construct another stadium in Zimbabwe that will host high-profile games. The government are making plans for the construction of a new multi-million dollar state of the art  stadium in Zimbabwe. These plans were revealed by the Harare City Council. The stadium will located in the South Western part of the Harare city. The new stadium in Zimbabwe will cater for some of the nation’s high-profile games. According to the statement, the…

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ZIMBABWE LOOKS TO ADDRESS FOREIGN CURRENCY SHORTAGE

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Zimbabwe’s mines minister seeks to address foreign currency shortage in the country. On Monday, 04 January 2019, Zimbabwe’s mines minister Winston Chitando said, soon introduction of monetary policy tools will help address foreign currency shortage affecting mining companies. Lack of funds in the economy, has hurt mining companies including the Zimbabwe’s gold miner Riozim; Who closed three of its mines last year. Minister Winston Chitando said in a presentation during a mining conference that; one major…

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ZIMBABWE GOVT. TO UNVEIL HOUSING PROJECT FOR CIVIL SERVANTS

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Zimbabwe unveil housing project for civil servants

Zimbabwe government set to unveil housing project for civil servants. Housing is of immense importance when it comes to infrastructural development. This is why the Zimbabwe government has built a US$60m housing facility for its civil servants. $60m housing deal for civil servants https://t.co/HcrK7sqV1i via @HeraldZimbabwe — The Herald Zimbabwe (@HeraldZimbabwe) January 28, 2019 The project will help address challenges faced by civil servant in the nation. It will also form part of the government…

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COURT RESTORES ACCESS TO INTERNET IN ZIMBABWE

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Zimbabwe government finally restores full access to internet and social media services. After a court order yesterday being Monday, access to internet and social media platforms have finally being restored in Zimbabwe. The Court had deemed the Zimbabwe’s government internet shutdown as being illegal and unlawful. The Zimbabwe’s High Court ruling stated that the Security Minister Owen Ncube did not have the authority to force mobile operators to block services. The court therefore ordered that…

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ZIMBABWE’s INDUSTRY CAPACITY UTILIZATION DROPS BY 6.2 POINTS

Posted on by Gambeta News

Zimbabwe’s local Industry Capacity Utilization plunges downwards According to the Confederation of Zimbabwe industries (CZI), local industry capacity utilization have drop by 6.2 percentage points. There is a need for protective measures to help overturn this downward coil. This revelation is according to a recent investigation by the Business Orient Organization. According to 2018 CZI Manufacturing Sector Survey, capacity utilization in November 2018 experienced a 6.2 percentage point decline to arrive at 42 percent. From reports,…

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SOUTH AFRICA DECLINES ZIMBABWE US$1.2 BILLION LOAN REQUEST

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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

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Zimbabwe's president to miss World Economic Forum in Davos

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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ZIMBABWE’S LAND REFORM: A CAUTIONARY TALE FOR SOUTH AFRICA?

Posted on by Gambeta News

How Zimbabwe’s land reform is costly the nation. Zimbabwe is a country that is surrounded by land in southern Africa, between the Zambezi and Limpopo Rivers. In Zimbabwe, Harare is the capital and largest city. The country is approximately 16 million people and has 16 official languages that consist of English, Shona and Ndebele the most commonly used languages. Land reform in Zimbabwe:        It all started in 1980 with the documentation of the Lancaster House…

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CONSTRUCTION OF SEMWA DAM RESUME IN ZIMBABWE

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Semwa Dam construction resume after the project was included in Zimbabwe 2019 budget. Construction of the Semwa dam is set to resume in Zimbabwe after funds were provided. The project which kick-off in 2014 was originally set for completion in three years time but had financial issues. According to report, the dam will provide irrigation water sufficient to irrigate 12,000 hectares in the two districts. It will also provide water for domestic use at the…

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U.S. GOVT DONATES FUND TO COMMUNITY PROJECT IN ZIMBABWE

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U.S. Govt donates US$370,900 for community development projects in Zimbabwe. In a bid to help develop more community and change lives, the US government has donated US$370,900 to Zimbabwe. This fund is from the small grant program which will be use in 17 communities from nine province. The grant will target and assist small-scale,short term community project that will bring tangible and immediate improvements in the people lives. Meanwhile, it will also help advance projects and…

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CONTRACTORS STOP WORK OVER LACK OF MATERIALS IN ZIMBABWE

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Contractors stop road maintenance work in Harare city citing unavailability of bitumen and high price of stone. Construction work at Harare City has stop due to lack of materials. The contractors has written to the  Harare City council citing the unavailability of bitumen and high price of stone. The project was issue to Bitumen World and Tencraft under the the Emergency Road Rehabilitation Programme (ERRP). Meanwhile, under the contract, the company will carry out maintenance on the road. Bitumen World…

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CONTRACTOR PULLS OUT OF MBERENGWA-MNENE ROAD CONSTRUCTION IN ZIMBABWE

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Mberengwa-mnene road project

Mberengwa-mnene road construction on hold after contractors pull out due to cash flow challenges. Mberengwa-mnene road project is on hold after contractors decide to pull out. The contractors are unhappy with the way the project is been handle and has so far remove all their equipments on site. The contractor allege that this is due to cash flow challenges. Meanwhile, the Transport and Infrastructural Development Minister Engineer Joel Biggie Matiza said they are looking for another contractor….

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ZIBAGWE DISTRICT SET TO CONSTRUCT MORE CLINIC IN ZIMBABWE

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zibagwe-rdc

Zibagwe RDC to build more clinic with will reduce the shortage of health facilities in the area. Zibagwe Rural District Council (RDC) is making plans to construct more clinic in the area. This clinics will help solve the growing problem facing the district. Currently, the district has only 17 clinics that serve 33 wards. This is why the council see it as an important part of developing the area. The plan is to have each district…

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SDA SET TO BUILD US$4M COMMUNITY CENTRE IN ZIMBABWE

Posted on by Gambeta News
SDA

SDA set to build community centre as they church value education and the growth of individuals in the area. The constant need for development is vital for any developing country. This is why SDA is constructing a US$4m community centre in Zimbabwe which will help the area. The centre will also have an incubation hub for community impact projects. The Seventh-day Adventist Church (SDA) is funding the project. Meanwhile, the centre will entail activities like the training…

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CHIRUMHANZU DISTRICT GETS US$500K FOR ROAD REHAB IN ZIMBABWE

Posted on by Gambeta News
road rehabilitation

Road Rehabilitation set to kick-off after funds was issue to the district in Zimbabwe. Chirumhanzu Rural District Council is set to kick-off its road rehabilitation. The road has been a major problem for resident in the district. The rehabilitation will also help the area in terms of having a good road. Meanwhile the project will cover Mvuma urban roads and some parts of the business centre. According to reports, the project has kick-off with Evergreen Construction handling it….

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