HARARE – Zimbabwe is expected to produce more electricity this year due to improved water levels at Kariba Dam, the Zimbabwe Power Company (ZPC) has said. This comes as the country endured power cuts almost daily last year due to a devastating drought in 2015 that saw water levels declining by more than 42 percent….
HARARE – Zimbabwe Tourism Authority (ZTA) chief executive officer Karikoga Kaseke has said the country’s tourism sector is improving, owing to the peace currently prevailing across the nation. In a statement yesterday, Kaseke said that the tourism industry in Zimbabwe has seen a steady growth over the past year. [GoogleAd] “In 2016, the country recorded…
HARARE – Econet Wireless Zimbabwe (Econet) has launched the “Chaka-Chaya neEcoCash transact and win” promotion, in a move that is likely to tighten the mobile operator’s firm grip on the mobile money market in the country. The leading mobile telecommunications company said both their customers and the country would benefit from the promotion. “Transacting using…
HARARE – One of Zimbabwe’s fastest growing promotional service providers, Interlink Advertising (Interlink), has scooped a global quality award in Geneva, Switzerland for its sterling performance in the local market. The one-stop shop for digital, lithographic and large format printing services recently celebrated its achievement for outstanding product quality and innovation with stakeholders and clients…
HARARE – Collapsed Tetrad Investment Bank (Tib) is looking for new investors after its members and creditors have agreed to a scheme of arrangement involving a partial cash payment and conversion of debt to equity. This will result in a clean balance sheet with the bank — currently under judicial management — having an equity…
HARARE – One of the most beautiful boutique hotels in Nyanga — Inn On Rupurara — has closed its doors and fallen into liquidation due to declining tourists arrivals. Best of Zimbabwe chairperson Gordon Addams said the closure of Inn On Rupurara was the direct result of a number of years of unprofitable operation, brought…
HARARE – Zimbabwe’s Parliament has asked President Robert Mugabe’s government to open up the diamond sector to private players, a development which might give hope to gem miners who were forcibly kicked out by Mines ministry last year. This comes as the government, which shut down private diamond mining firms early last year to “plug…
HARARE – Zimbabwe has paid $5 million-plus to buy out Russian-led miner DTZ-OZGEO for expropriating its diamond claims in Chimanimani. This also comes as parliament is cranking up pressure on President Robert Mugabe to re-open the Marange gem fields to independent players before year-end, as away of increasing production and ease the current cash crisis….
HARARE – A new commercial airline — Zimskies Airlines (Zimskies) — has applied for a Zimbabwean air service permit to service local, regional and international routes. This comes as some local airlines are struggling to remain afloat due to a tough economic environment characterised by high airport taxes and a debilitating cash crunch, among other…
HARARE – Australia Stock Exchange-listed platinum producer, Zimplats, has vowed to remain in Zimbabwe despite threats by President Robert Mugabe’s government to seize more than half of the company’s land. This comes as other international mining giants such as Rio Tinto bowed out of the mineral-rich country due to government’s controversial policies. The shutting down…
