Zimbabwe’s new banknote is as a result of the currency shortage in the country.
The new Zimbabwe 2 and 5 dollar notes will reduce the cash shortage in the country but the limitation as regards to its withdrawal is raising worrying concern among Zimbabweans. The bank insisted that withdrawal of … Read More
Zimbabwe govt. to partner with FBC Bank for the e-classroom project.
Plans are set in motion for the construction of an e-classroom for primary school in the nation. This was made public by Secretary in the Ministry of Primary and Secondary Education, Mrs Tumisang Thabela.
According to Thabela, it will … Read More
Zimbabwe’s Beitbridge-Harare highway will be upgraded by five local contractors.
The Minister for Transport and Infrastructural Development Biggie Matiza inspected the site and confirmed the presence of the contractors who are currently working on the first two phases of the project. The entire project will be divided into five segment.… Read More
Construction of solar power plant set to kick-off in early 2020 which will increase electricity supply in Zimbabwe.
RioZim is set to kick-off construction of 178 megawatt solar plant after a chinese bank agreed to bankroll the project. The project will ameliorate the crippling power crisis buffeting the entire economy.… Read More
Financial support at the heart of China plans for Zimbabwe development.
China is set to raise fund for Zimbabwe development. This funds which is worth US$2.1 billion will increase development aim as well as improve on the current exiting funds.
In 2018 alone, Zimbabwe benefited from different grant as well … Read More
Zimbabwe kicks off the first project (Harare-Chirundu highway) to achieve the middle income economy vision.
The first 6.5km of the 21km road from Makuti-Chirundu linking the Zimbabwe to Sadc, Comesa and East African states is presently ongoing. The project commissioned by President Mnangagwa will be financed by the US$21 million … Read More
Memorandum of Understanding (MoU) Signed between Rwanda and Zimbabwe to boost mining sector.
Rwanda and Zimbabwe has sign an MoU that will aim to spur business and private sector involvement. This MoU will help the mining sector in promoting and creating more opportunities for citizens in both nations. The mining … Read More
President Mnangagwa launch road rehabilitation under Japan US$21 million infrastructural development grants.
President of Zimbabwe Emmerson Mnangagwa has launch the north-south corridor road rehabilitation. The road rehab will fall under the US$21 million grants from the Japanese Government. This grant will help support the Japanese engineers and the Ministry of … Read More
Minister Advocate Fortune Chasi announced negotiation deal with Mozambique for electricity generation.
Zimbabwe is negotiating a deal with Mozambique for electricity generation in the country. The 400 MW deal will enable the country prevent more power shortage which they are facing at the moment. This was according to Energy and … Read More
Zimbabwe plans to borrow fund from G7 nations but is that a wise choice?
Zimbabwe Government is planning to borrow US$1,9 billion from G7 nations in order to pay their debts. The G7 nations which are France, Italy, Canada, Germany, United States, Japan and United Kingdom.
The funds will be … Read More
Zimbabwe to export coal to Japan and India with new deal
Zimbabwe government has agreed a deal with Dubai-based company, Victoria Consultant for coal export. This deal will enable the country to secure markets for coal exports in India and Japan.
Meanwhile, Victoria Consultant will assist Zimbabwe according to the … Read More
Is investing US$1.5bn for the construction of a 2,800MW thermal plant in Sengwa, Zimbabwe worth it?
Rio Zim, a mining company in Zimbabwe; has achieved another milestone by signing a Power Purchase Agreement (PPA) with Power China to construct the Sengwa thermal plant. Power China in November 2018 signed a … Read More
President Mnangagwa held talks with President Ramaphosa over Zimbabwe Energy issues.
President Emmanuel Mnangagwa has held talks with President Cyril Ramaphosa of South Africa toward solving the nation energy problem. The bilateral meeting was to find a lasting solution to Zimbabwe power challenges.
During the meeting, President Mnangagwa announce that … Read More
Zimbabwe Government launch ZNIDP to help add value, increase employment and promote a culture for saving.
Government of Zimbabwe has launch a Zimbabwe National Industrial Policy (ZNIDP) that will help transform the nation economy. The aim for the policy will be to add value, increase employment level as well as … Read More
AFDB to prepare financial package for Zimbabwe after impressive economic reform
Africa development Bank has set up a plans to help Zimbabwe. The financial package comes as a result of the nation impressive political and economic reforms.
Speaking during the 54th Meeting of Boards of Governors of the AfDB, Dr … Read More
President Emmanuel Mnangagwa speaks about development of more infrastructures after tour with chinese companies.
President Emmanuel Mnangagwa has invited Chinese company to establish office for future infrastructure. This is part of the president plans to fulfil Vision 2030 which is aim to achieve an upper middle-income society.
The president met … Read More
A look at Infrastructure funding gap across Africa and remedies so far.
Key to enabling African economies to make the most of their opportunities is developing infrastructure in the region. Across the continent, new laws are being implemented and alternative sources of infrastructure funding are being sought in order to … Read More
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 … Read More
President Mnangagwa calls for a new facelift on building in Harare.
President Emmerson Mnangagwa has urge harare council to inform owner of building to refurbish it. According to President Mnangagwa it will help restore the city’s sunshine status.
The president also suggest that Clr Gomba comes up with by-laws that … Read More
Zimbabwe Cotton Company (Cottco) plans to generate US$2 billion from new seed variety
Deputy Minister of Lands, Agriculture, Climate and Rural Resettlement Cde Douglas Karoro, said that Zimbabwe cotton company (Cottco) is set to introduce a new seed variety. This new seed variety will help in boosting production from 140 … Read More