The Insider

Zimplats says it will contract more open-pit miners to boost its output after it slipped to a $20.5 million loss in the second quarter to December from a $29 million profit in the prior quarter due to poor metal prices and low production after it shut down its biggest underground mine after one of its sections collapsed last July.

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Nine candidates will be contesting the two by-elections in Chirumanzu-Zibagwe and Mount Darwin West in March though the major opposition political parties have boycotted the polls.

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The Zimbabwe Angola Business Association (Zaba) and Angola’s TAAG Airlines have teamed up to facilitate investment ventures for local business people willing to explore the oil-rich southern African nation.

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Zimbabwe’s livestock industry could be set for revival following the completion of a long-awaited draft policy, agriculture junior minister responsible for livestock Paddy Zhanda said yesterday.

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French companies have expressed interest to partner Harare City Council in infrastructural projects that could see an overhaul of the city’s road network.

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I was quite excited when I was asked to pay Tsh12 000 (about $6.67) to see a doctor in Dar es Salaam. I had been in Tanzania for nearly four months and had dared not see any doctor, though I had a skin rash three days after my arrival which I could not explain. I thought it was too expensive and just went to pharmacies and bought products that I had read on the internet could treat rash. These ranged from aloe vera, baby powder, deodorants without alcohol, miconazole cream to garlic. I was thinking like a typical Zimbabwean. The consultation fee in Zimbabwe ranged from US$20 to US$30, so if I could buy something without a prescription so much the better.

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Mining Group RioZim is seeking to raise $10 million through a rights offer to reopen the Cam and Motoring gold mine near Kadoma, a cash cow until it was shut down nearly 50 years ago and key to the group’s revival.

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Zimbabwe’s tax agency hopes to surpass the 2015 revenue target of $3.7 billion despite missing last year’s fourth quarter forecast by 10 percent on the back of low economic activity, a senior official said.

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Central bank governor John Mangudya yesterday said he will not experiment with the economy during his tenure but will find ways to push for implementation of radical changes that will drive economic growth.

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