© THERMAL plants will not be decommissioned until the electricity situation eases, Energy minister Fortune Chasi has said. This comes as the country is facing severe power outages attributed to antiquated equipment at power stations and low water levels at Kariba, resulting in low generation. [GoogleAd] Some of the plants, according to the Zimbabwe Power…
© ZIMBABWE Electricity Transmission and Distribution Company (ZETDC)’s electricity pre-paid vending system has been down since the weekend, leaving many consumers stranded. Several customers were failing to purchase pre- paid electricity tokens on electronic platforms while those who managed to do so did not receive vouchers. [GoogleAd] ZETDC, a subsidiary of Zesa Holdings (Zesa), said…
© THE Zimbabwe National Roads Administration (Zinara) has begun the search for a substantive chief executive to steer the organisation’s long-term strategies. Zinara, which was established in 2001 through an Act of Parliament, is responsible for the management, maintenance and development of the country’s national road network. [GoogleAd] However, the parastatal has failed to live…
© STANDARD Bank Group (Standard Bank), Stanbic Bank Zimbabwe’s parent company, says it is looking to use new digital technologies to boost agricultural yields in African countries. The regional lender said with almost all available arable land in the Americas, Europe and Asia already productively farmed using the most developed agricultural techniques, Africa presents a…
THE government is targeting to reduce the country’s trade deficit with the rest of the world by at least US$1 billion this year, official figures show. According to the Finance ministry, Zimbabwe expects exports to close the year at US$5 billion against imports of US$6,3 billion. The resultant US$1,3 billion trade imbalance would be a…
© Government will this week review the National Social Security Authority (Nssa) pension payouts to improve the welfare of pensioners and cushion them from the economic hardships. In July, pensioners were awarded a once-off cushioning allowance equivalent to a month’s pension amid an increase in the cost of living. Principal beneficiaries receive a minimum of…
ZIMBABWE’S telecoms regulator, Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz), has approved a 95% upward adjustment in mobile tariffs across board, saying the previous tariffs were no longer sustainable. The increase comes after the regulator approved another 182% increase as recent as August 2019. Justifying the increase, Potraz said the current tariff…
© Coin manufacturing giant Cape Mint has given Sam Nujoma – the founding president of Namibia – a huge, gold-embossed medal made by its master engravers for successfully leading his country for 15 years since its independence from South Africa, and stepping down to hand over power to his elected successor, Hifikepunye Pohamba. [GoogleAd] The…
© AIM-listed mining company, Vast Resources has secured US$15 million of the US$13,5 million finance facility required to advance its mining activities in Zimbabwe and Romania into production. [GoogleAd] Vast Resources is a mining company with mines in Romania and Zimbabwe and is focused on the rapid advancement of high-quality brownfield projects by recommencing production…
© ZIMBABWE’S business sector has adopted a wait-and-see approach as a strategy to survive the country’s worsening economic conditions, a local research firm has said. [GoogleAd] The southern African country is experiencing its worst economic crisis in a decade characterised by lack of investor confidence in the new government, foreign currency shortages, rising prices of…
