KARIBA Power Station says it has largely contributed to the Zimbabwe Power Company (ZPC) surpassing its quarterly target after contributing 72 percent of the total energy production. The increased output has been attributed to improved water output from 15 cubic metres in 2021 to 22,5 cubic metres in 2022. In a statement yesterday, ZP C…
ONE of the country’s leading retail giants OK Zimbabwe says it could soon wean off some of its business units into separate entities. In a statement last week, the retail outlet said it was engaged in discussions that involve a potential transaction, adding that it may have a material impact on the value of its…
ZIMBABWE export proceeds have increased by 47,3 percent for the first half of the year, Reserve Bank of Zimbabwe governor John Mangudya, has said. In his midterm monetary policy statement on Thursday, Mangudya highlighted that that country foreign currency receipts increased this year with diaspora remittances the second top foreign currency earner. “Total foreign currency…
ECONET Wireless Zimbabwe deputy chief executive officer Roy Chimanikire clinched two top awards at the Director of the Year Awards (DOYA) ceremony that was hosted by the Institute of Directors Zimbabwe (IoDZ) in Harare recently. Chimanikire walked away with the overall Director of the Year Award as well as the Director of the Year in…
SOUTH Africa’s Matshela Energy, owned by former Eskom chief executive officer, Matshela Koko, has concluded a power purchase agreement with the Zimbabwe…
PRESIDENT Emmerson Mnangagwa is expected to lead deliberations at the Zimbabwe Economic Development Conference to be held in Victoria Falls next week,…
THE Confederation of Zimbabwe Industries (CZI) is set to hold its annual Congress in Harare from September 7 to 9, which will seek to come up with policies to help the country achieve industrial as well as economic transformation and growth. The congress will run under the theme ‘Glocalise’ and discussion topics will include highlighting…
THE national electronic payments platform, Zimswitch has increased by 300 percent from $25 000 to $100 000 the amount an individual can send in a single transaction. The monthly limit is now $400,000 effective this month. Speaking to the Daily News yesterday, Zimswitch deputy chief executive Zabron Chilakalaka said there was a need for an upward review of…
THE Delta Corporation Limited company secretary Faith Musinga says despite a harsh economic environment, the consumption of alcoholic beverages remains high. In a trading update for the first quarter that ended on June 30, Musinga said the sales of both lager and sorghum beers increased “Consumer spending remains high reflecting faster velocity of the local…
THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz)’s sector performance report for first quarter of this year shows Econet Wireless driving subscriber industry growth, but also reveals that rising quarter-on-quarter operating costs remain a threat to the sector’s viability. According to the report released last week, Econet gained over 100 000 subscribers, and also…
