Why Zim fuel price shot up

·      Zera speaks on latest move ·      It was inevitable, they say Leroy Dzenga THE Zimbabwe Energy Regulatory Authority (ZERA) says movements on the interbank market and increased costs necessitated the latest rise in fuel prices. Fuel prices were hiked again on Monday, barely ten days after another rise was effected. A litre of petrol […]

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Zim Fuel prices up, again

Leroy Dzenga THE price of fuel has gone up – again. Barely ten days after Zimbabwe Energy Regulatory Authority (ZERA) announced a fuel price increase, another upward review has been effected. A liter of petrol now costs RTGS $7.47 up from RTGS 6.10 while the price of diesel has risen from RTGS$5.84 to RTGS$7.19.  (More […]

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Diamond giant flexes muscle

Leroy Dzenga Six months after opening offices in Zimbabwe, a Russian diamond firm has signed a joint venture agreement with Zimbabwe Consolidated Diamond Company (ZCDC), to begin their operations. Alrosa, who committed to Zimbabwe after President Emmerson Mnangagwa’s visit to Russia in January, produce 30 percent of the world’s rough diamonds. The joint venture will […]

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