Business

Kariba Dam Levels Decrease

The Zambezi River Authority says lake levels at Kariba Dam have been decreasing steadily due to the
reduction in rainfall activity in and around the reservoir, closing the period under review at 13.94%
usable storage, on the 14th of March, compared to 41.7% usable storage recorded on the same date last
year.

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Zimbabwe Newspapers partners with APO Group

ZTN Correspondent Zimbabwe Newspapers (Zimpapers) has announced a content partnership with APO Group, the leading Pan-African communications consultancy and press release distribution service, which will enable text, images, videos and soundbites distributed by APO Group to be published simultaneously across all of Zimpapers’ 15 news websites. A joint press release […]

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For Caledonia, The Future Can Only Be Golden

Kuda Chideme Steve Curtis, the man who has been at the helm of Caledonia Mining Corporation, will be stepping down from his position this June. Since 2014, Curtis has transformed Caledonia from a little known outfit trying out its luck in ‘Africa’s last gold frontier’ to a profitable world-class operation […]

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RBZ Pledges To Keep Inflation In Check

The Reserve Bank of Zimbabwe (RBZ) says it will continue fighting inflation through restrictive monetary policy and building foreign exchange reserves to strengthen the value of the local
currency.

This was part of the resolutions agreed on at a meeting between the RBZ and the business community this week.

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KFC Loses US$50 000, R30 000 To Robbers

SIX armed robbers raided KFC fast food restaurant in Msasa, Harare around midnight and got away with US$50 000, R30 000 and $19 000 after manhandling a security guard at the premises.

The six who were wearing balaclavas and armed with a pistol, blew up a safe which was in one of the
offices where they took away the cash.

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Exchange rate stability crucial for growth in 2022 

WHEN the Reserve Bank of Zimbabwe’s (RBZ) foreign currency auction was still able to meet demand and timely disburse allotments to the market the results were there for all to see. 

Between the last quarter of 2020 and the first quarter of last year companies across sectors reported volume increases as demand picked up and in turn drove capacity utilization. 

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‘Gvt To Engage In Public-private Partnerships On Housing Development’

Thupeyo Muleya, Beitbridge Bureau Government is engaging in Public and Private Partnerships (PPPs) to accelerate national housing development projects, a cabinet minister has said. National Housing and Social Amenities Minister, Daniel Garwe said such arrangements are very important for the successful implementation of key projects. He made the remarks during […]

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Zimbabwe charms Kimberley Process

Sugar Chagonda in Moscow, Russia Zimbabwe has been commended for embracing the Initiative for Responsible Mining Assurance (IRMA) Standard by the Kimberley Process (KP) a development which has witnessed a significant reduction of reports of violence and other forms of social ills in the Marange diamond fields. The submission was […]

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