zimbabwe Archives - Page 6 of 8

AFDB PREPARE FINANCIAL PACKAGE FOR ZIMBABWE

Posted on June 17, 2019 by Gambeta News

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 Kapil Kapoor confirmed the package. According to him the bank are happy with the reform after meeting with Minister Professor Mthuli Ncube. Dr Kapil Kapoor…

ZIMBABWE PRESIDENT INVITES MAJOR CHINESE COMPANIES

Posted on June 14, 2019 by Gambeta News

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 with delegates from china top construction firm during a site tour of the new Parliament Building which is under construction in Mt Hampden. During the…

FUNDING AFRICA’S INFRASTRUCTURE GAP

Posted on May 31, 2019 by Gambeta News

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 kick-start direly needed infrastructure projects. At the centre of it all is China, which is providing alternative sources financing to countries in Africa that have…

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

Posted on May 27, 2019 by Gambeta News

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…

ZIMBABWE PRESIDENT EXPECTED FACELIFT IN HARARE

Posted on May 16, 2019 by Gambeta News

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 will compel property owners to keep their buildings in order. This should be through constant refurbishing and painting. President Mnangagwa said “Your Worship, Cde Mayor,…

COTTCO SET TO LAUNCH NEW SEED VARIETY IN ZIMBABWE

Posted on May 13, 2019 by Gambeta News

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 140 000 tonnes to 504 000 tonnes per year. Likewise, generate US$2 billion to revenue from next year. The strategy comes from the recent announcement of…

HARARE CITY COUNCIL IN TALKS TO DEVELOP A NEW WATER PROJECT

Posted on May 6, 2019 by Gambeta News

Plans underway for the construction of a water project by harare city council. Harare city council are in talks with turkish firm over a deal to construct a water project. The project will be under the US$3.2 billion water source for the nation. According to the deal, it will be on a built, operation and transfer basis. Harare city council will engage Lidwala Specialist Solutions to help provide a detailed proposal for the project. Lidwala…

CHINA TO PARTNER ZIMBABWE FOR CULTURAL CENTRE DEVELOPMENT

Posted on May 2, 2019May 2, 2019 by Gambeta News

China is keen on partnering with Zimbabwe to construct a cultural centre in Harare China is making plans to construct a cultural centre in Zimbabwe. The centre will house the two countries diverse cultures under the Belt and Road Initiative (BRI). The statement was announced during the five-day Belt and Road Afro-Sino Cultural Exchange exhibition at the National Art Gallery of Zimbabwe (NGZ) in Harare. Chinese Ambassador to Zimbabwe Guo Shaochun said ”We aim to…

UGANDA PRESIDENT TO OFFICIATE IN ZIMBABWE 60TH INTERNATIONAL TRADE FAIR

Posted on April 26, 2019April 26, 2019 by Gambeta News

President Museveni is in Zimbabwe to officiate the 60th International Trade Fair in Bulawayo. President Museveni is in Zimbabwe for a two-day visit after accepting an invitation from President Mnangagwa. The Uganda number one citizen is expected to officiate at the 60th Zimbabwe International Trade Fair in Bulawayo. I leave for a two days' working visit to Zimbabwe on the invitation of H.E Emmerson Dambudzo Mnangagwa. While there, I will officiate at the 60th Zimbabwe International Trade Fair…

ZERA TO REDUCE POWER OUTPUT IN ZIMBABWE

Posted on April 18, 2019 by Gambeta News

ZRA reduction of water allocated for electricity generation affecting both ZERA and ZESCO. Zimbabwe Energy Regulatory Authority (ZERA) to reduce the power output by 5.3 percent to 445 megawatt. After Zambezi River Authority (ZRA) cut the water allocation for electricity generation. ZRA reduce the water allocated for ZERA from 38 billion cubic metres to 36 billion cubic metres. The reduction of the water was at anchor power station, Kariba South which is river basin between Zambia and Zimbabwe. According…

ZIMBABWE’s CHILONGA BRIDGE REPAIR TO COST US$20M

Posted on April 11, 2019 by Gambeta News

Chilonga Bridge repair to cost US$20m after consultant working on the project said insufficient fund is holding it. Plans are underway to repair the Chilonga Bridge which was swept away during the Cyclone-Eline-induced floods in 2000. This is after the consultant working on the project unveil the repair amount to be US$20m. According to the consultant, RTGS$8 million availed by the Government is insufficient to complete the work. Meanwhile, resident has faced serious challenges especially when it comes…

ZERA TO LICENSE INDEPENDENT POWER PRODUCERS (IPPs)

Posted on April 2, 2019 by Gambeta News

ZERA to issue 12 independent power producers (IPPs) license to operate in Zimbabwe Zimbabwe Energy Regulatory Authority (ZERA) is set to license 12 independent power producers. This new plan will help the country’s power deficit gap to be slashed significantly. The aim is to increase the nation power producing firm which currently have stands at 30 IPPs. Meanwhile, out of the 30 IPPs only eight of those have taken off and were currently operational. ZERA Acting CEO,…

CHINA OFFERED TO REBUILD INFRASTRUCTURE IN CHIMANIMANI AFTER CYCLONE IDAI

Posted on March 22, 2019March 22, 2019 by Gambeta News

China offered to help in the rebuilding of different infrastructure in Chimanimani town, Zimbabwe after Cyclone Idai. Chinese Government has offered to rebuild infrastructure in Chimanimani town, Zimbabwe. This is after the town was hit with Cyclone Idai that swept through the country during last weekend disaster. The Cyclone Idai disaster which claimed at least 300 lives saw roads, bridges, schools and clinics destroyed. During a ceremony held for victims of the cyclone, Chinese deputy ambassador to Zimbabwe Mr Zhao Baogang…

REHABILITATION OF BEITBRIDGE-HARARE ROAD ON TRACK IN ZIMBABWE

Posted on March 14, 2019 by Gambeta News

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…

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

Posted on March 11, 2019March 11, 2019 by Gambeta News

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…

ZIMBABWE TO GET INFRASTRUCTURE TIPS FROM INDIA EXIM BANK

Posted on March 7, 2019 by Gambeta News

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…

NEW ZIMBABWE CURRENCY TO HAVE FISCAL DISCIPLINE BACKING

Posted on February 27, 2019February 27, 2019 by Gambeta News

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…

ZIMBABWE TO LAUNCH INTER-BANK FOREX MARKET

Posted on February 21, 2019February 21, 2019 by Gambeta News

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…

ZIMBABWE LOOKS TO ADDRESS FOREIGN CURRENCY SHORTAGE

Posted on February 5, 2019 by Gambeta News

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…

ZIMBABWE GOVT. TO UNVEIL HOUSING PROJECT FOR CIVIL SERVANTS

Posted on January 29, 2019January 29, 2019 by Gambeta News

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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