Blessings Mashaya GOLD buying agent, Better Brands, is forecasting record-breaking deliveries to the government this year. The indigenous company delivered nearly 990 kg to Fidelity Printers and Refiners (FPR) last year, but has already gone past 720kg in the first three months of this year. This was despite the heavy rains which derailed mining activities…
Eutelsat and TelOne (Pvt) Limited sign multi-service agreement to bring high quality broadband connectivity to Zimbabwe Multi-year agreement leveraging unparalleled flexibility of EUTELSAT KONNECT satellite Latest agreement in sub-Saharan Africa, highlighting the strong demand for internet services on the African continent Paris, February 1 st , 2021 – Eutelsat Communications’ (Euronext Paris: ETL), and TelOne…
Loyd Matare RWANDAIR has announced the suspension of its flights to Zimbabwe and three other southern African countries amid global concerns of a new Covid-19 variant in the region. In a statement yesterday, RwandAir said it had suspended the flights in a bid to curb the spread of the lethal virus. “In view of…
EMIRATES will increase its flights between Harare, Lusaka and Dubai to four times a week from February 6. The expanded schedule of services would offer better connectivity for customers in Zimbabwe and Zambia to Emirates’ growing destination network via Dubai of more than 100 destinations. Emirates will operate its fourth flight on Wednesdays, using a…
By Emmerson Njanjamangezi THE Zimbabwe national statistics agency (Zimstat) has revised the food poverty line (FPL) upwards to $4 670 to register a six-and-a-half percentage increase over the November 2020 figure of $3 279.41. In a statement yesterday, Zimstat said the food poverty line represents the amount of money that an individual requires to…
By Emmerson Njanjamangezi njanjamangezie@dailynews.co.zw THE country’s hydro-electricity generation capacity has received a huge boost as the water levels in Lake Kariba continue to rise due to sustained rainfall activity in the Zambezi catchment area. The Zambezi River Authority (ZRA) yesterday said, normally during this period, water levels in the man-made lake should be decreasing, but…
Myles Matarise STAFF WRITER matarisem@dailynews.co.zw THE government will secure the area around the Victoria Falls gorge to avoid repeats of tragic incidents similar to the one that killed a Harare man over the festive season. This comes as search units that include ZimParks rangers, police and the military are battling to retrieve the body of…
BUSINESS WRITER CONTROVERSIAL investor Eurasian Resources Group (ERG) has lost its platinum mining claims in Zimbabwe after failing to develop them for the past 11 years, The Financial Gazette can reveal. Senior government officials said the Kazakhstan-based mining firm recently sent two emissaries to try and renegotiate a new deal after the government…
By Tamary Chikiwa A LOCAL company and its associates have taken the National Railways of Zimbabwe (NRZ) to court claiming to have lost US$236 million after the parastatal “unlawfully” terminated a tender it had awarded to the company. DIDG (Private) Limited and DIDG (Pty) Limited through its lawyers Calderwood Bryce Hendrie and Partners filed an…
ZIMBABWE’S largest mobile network operator, Econet Wireless, has increased its voice, data and SMS bundle prices by an average 20 percent. The mobile operator incurred exchange losses of $10,3 billion in the half-year to August 2020 as a result of exposure in foreign currency denominated obligations. “The business continuously reviews its pricing in line with…
