Business

© 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 Zimbabwe Power Company (ZPC) says it failed to meets its generation target by 38 percent in the third quarter due to low water levels in Kariba Dam and frequent breakdowns at Hwange thermal power station. The Zesa Holdings unit said it generated 1 506,44 gigawatts per hour (GWh) against 2 365,61 GWh in…

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…

© 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…

© 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…

© THE government’s ambition to achieve a US$12 billion mining industry by 2023 is feasible only if tangible operating and business reforms are swiftly undertaken, says mining and economic experts. [GoogleAd] Launching the extractive industry roadmap to 2023 in the capital about a fortnight ago, the Mines and Mining Development ministry said mining revenues would…