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Zimbabwe says its tight monetary policy is paying off
The Reserve Bank of Zimbabwe is upbeat about its tight monetary policy and says it is paying off allowing the bank to reduce interest rates for the second time this…
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Zimbabwe dollar drops $16.12 to average $944.71 to the US dollar
The Zimbabwe dollar today lost $16.12 to average $944.7133 but the local currency is failing to close the gap with the black market. Offers at today’s auction ranged from $940…
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South Africa reneges on its power supply contract to Zimbabwe
Zimbabwe will continue to experience load shedding despite commissioning Hwange Power Station Unit 7 because the unit is not yet operating at full capacity and South Africa has reneged on…
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Zimbabwe opposition legislator baffled by government silence on the Al Jazeera “Gold Mafia”
Zimbabwe opposition legislator Allan Markham said he was shocked at the government silence on the alleged gold mafia exposed by Qatar-based news channel Al Jazeera last week. Al Jazeera is…
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South Africa gives itself nine months to clear permit applications backlog
South Africa today gave foreign nationals who have applied for permits, mostly Zimbabweans who were on special permits, nine months to clear the backlog. Zimbabwe Exemption Permits expired at the…
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Zimbabwe secures US$193m to build 5 hospitals and 30 clinics
Zimbabwe is to raise US$193 million in offshore lending to implement a 2019 agreement with UK infrastructure company NMS for the construction of hospitals and clinics in the country. ABSA…
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Zimbabwe dollar down to $928.59 to the US dollar but gap with black market widens
The Zimbabwe dollar today fell by $13.41 to average $928.5887 against the United States with offers ranging from $927 to $1 020. The gap with the black market, however, widened…
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China Energy proposes US$1billion floating solar farm on Kariba
China Energy Engineering Group proposed building a 1 000-megawatt floating solar farm for Zimbabwe, a nearly US$1 billion project, on the world’s largest man-made lake. More than 1.8 million photovoltaic…
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Zimbabwe gives in to raw lithium stockpilers, gives them 6 months to sell stocks
The government will give miners that had stockpiled lithium ore before last year’s export ban six months to sell it, according to draft regulations. Zimbabwe last year banned the export…
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Has Mnangagwa chickened out on the PVO Bill?
It is now over a month since President Emmerson Mnangagwa said he was going to sign the Private Voluntary Organisations Bill despite protests from civil society and some United Nations…