LOCAL diesel consumption edged up by a marginal 0,16 percent to 704,32 million litres in the first eight months of 2024, compared to 703,15 million litres in the same period last year, despite significant national and international events, latest data from the Zimbabwe Energy Regulatory Authority (Zera) shows. The increased reliance on diesel-powered generators due…
THE commissioning of Varsity Heights, a cutting-edge student accommodation facility in Chinhoyi recently, costing US$8,8 million, underscores the impactful role of public private partnerships (PPPs) in addressing funding gaps in Zimbabwe’s tertiary education sector. The Public Service Pension Fund owns 80,33 percent of this state-of-the-art facility, which accommodates 384 students, offering not just housing but…
THE launch of the fifth generation (5G) network by NetOne yesterday is going to enhance smart technology in the country. This was said by Vice President Kembo Mohadi while speaking at the launch of the NetOne 5G base station and the relocation of the Postal Telecommunications Regulatory Authority of Zimbabwe (Potraz) towers at the Boka…
MINERAL revenues are set to increase by approximately US$6 billion in 2025, the State of the Mining Industry Survey Report has indicated. According to the report compiled by the Chamber of Mines, mining executives were confident about their businesses’ prospects in 2025.“The Mining Business Confidence Index (MBCI) for 2025 is positive, which means that mining…
STEWARD Bank, a pioneer and leader in digital banking, has launched a new and innovative Omni Channel platform, which is poised to transform the country’s digital banking landscape. The new application consolidates the bank’s digital services, including its Online Banking platform, the Square App, and the United States dollar, into a unified, secure application, aimed…
THE 27th edition of Zimbabwe’s premier Mining, Engineering, and Transport Exhibition (Mine Entra) gets underway today in Bulawayo with organisers saying occupied exhibition space has surpassed that of last year. The mining expo is running under the theme: “Unearthing Success: The Mining Value Chains, Innovation and Industrialisation Nexus.” President Emmerson Mnangagwa is expected to officially…
ONE of the country`s leading milk producing companies, Dairibord Holdings Limited, says far from contemplating quitting Zimbabwe`s market, they are instead working to expand its operations to other Sadc countries. This comes amid viral messages on social media that purported the closure of its operations in the country and relocation to South Africa. Dairibord Holdings…
ECONET Wireless Zimbabwe gained over 184 000 new customers in the second quarter of 2024, growing its market share to 71,59 percent, according to the latest industry report by the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz). The increase brings Econet’s active subscriber base to 10 620 462, up from 10 436 233 in…
MINISTER of Finance Mthuli Ncube has commended the African Development Bank (AfDB) for its support in the country’s arrears clearance and debt resolution process. The treasury chief said the debt process is key in capacitating the government to resolve the longstanding challenge that has hindered the country’s development efforts. “In Zimbabwe, the Bank has been…
THE country’s telecommunications sector experienced a decline in voice traffic during the second quarter of 2024, while data and internet usage surged, highlighting a consumer shift toward data-centric services, according to the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz). The trend aligns with the Zimbabwean government’s goal of achieving a digital economy by 2030,…
