Delta foreign currency sales rise 80%
BEVERAGE maker, Delta Corporation Limited (DCL) has recorded an 80% rise in foreign currency sales in its half year ended September 30, 2023, as the economy continues to dollarise. On … Read More
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ZimChem seeks more raw materials to boost production
REDCLIFF-based manufacturing company, Zimbabwe Chemical Refineries (Zimchem), says the lack of consistent raw material supplies is limiting the company’s ability to increase capacity utilization to more than 50 percent. The … Read More
Kimberley Process member States fail to agree on conflict diamonds despite marathon night-long debate
THE weeklong Kimberley Process Certification Scheme (KPCS) plenary session ended in Victoria Falls this Saturday morning after all-night deliberations that saw member States failing to reach consensus in some areas … Read More
Government moves to end load shedding: Unit 7 expected back online in three weeks
THE 300MW Hwange Thermal Power Station Unit 7 would be back online in the next three weeks while negotiations are underway to increase electricity imports and speed up rehabilitation of … Read More
2024 budget faces $62 trillion backlog
THE 2024 fiscal year wii likely be underfunded to the tune of $62,2 trillion because Treasury is broke, a development likely to sink consumers and businesses into deeper poverty next … Read More
Power crisis weighs on business viability
Zimbabwe’s power supply situation remains a liability to businesses with the sustained electricity tariff hikes, without guaranteeing consistent supply, disrupting operations and threatening viability, business member groups and analysts said. … Read More
Chinese investors pledge US$2,79 billion
THE Zimbabwe Investment and Development Agency (Zida) attracted 121 Chinese investors with a combined estimated investment value of US$2,79 billion in the year to September with the projected investments mainly … Read More
Consumers to benefit, as petroleum prices fall
ZIMBABWE Energy Regulatory Authority (ZERA) has announced a downward review of petroleum product prices with diesel now selling at US$1,74 per litre and blend petrol at US$1, 56 per litre. … Read More
Zim a major supplier of clean energy technologies raw materials
The International Energy Agency (IEA) has projected that the manufacturers of clean energy technologies will require significantly more lithium, graphite, nickel, and cobalt in 2040 than they do today and … Read More
Zim businesses push for pricing to be pegged in US dollars
Zimbabwean businesses are calling on the authorities to allow businesses to peg prices in US dollars, arguing that this would enhance stability, reduce uncertainty and boost the economy. President Emmerson … Read More
