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Livestock slaughters increase

Business Reporter Zimbabwe slaughtered an increased number of livestock for the year ended December 2018 compared to the previous year although performance became subdued towards the end of the year. According to a fourth quarter economic review released last week by the Reserve Bank of Zimbabwe (RBZ), the number of …

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‘DIDG, NRZ transaction ready by August’

Oliver Kazunga Senior Business Reporter The Diaspora Infrastructure Development Group (DIDG)/Transnet Consortium, which won the tender for the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation project, has expressed optimism to conclude the transaction by August this year. Last week, Transport and Infrastructural Development Minister Joe Biggie Matiza told Parliament …

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Zimbabwe, HCB in power deal

Golden Sibanda Senior Business Reporter Mozambique has offered to export power to Zimbabwe and Zambia in exchange for further reduced generation at Lake Kariba, to cut down on water released by their hydro power plants, whose discharge is worsening overflow at Cahora Bassa Dam. If this materialises, the offer will …

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Buy Zimbabwe Urges Inclusive Research On Expenditure Patterns

BUY Zimbabwe (BZ) chief executive, Munyaradzi Hwengwere has urged government and other key stakeholders to conduct detailed research which will reveal the amount of money going towards purchasing locally manufactured products. Speaking at a function held to discuss issues affecting the uptake of locally manufactured products recently, Hwengwere underscored the …

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Vision 2030 Should Be Anchored On Value Added Exports

Bulawayo — For many years Zimbabwe’s export earnings have been dominated by raw commodities from primary industries such as mining and agriculture. History has shown that increasing raw output from these sectors outside of domestic value addition has not made much impact in terms of real economic transformation and job …

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Zupco Goes Cashless

THE Zimbabwe United Passenger Company (Zupco) yesterday introduced a convenient electronic ticketing system that will ease transactions and plug cash leakages from the public transport operator. The electronic ticketing system — which is in the form of a “tap-and-go” card — also seeks to increase revenue collection and efficiency. President …

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Ncube – Fuel Price Hike to Increase Suffering By the Majority

MDC deputy president and ex-industry minister, Welshman Ncube says latest fuel price increases by government will add more suffering to the poor majority. Government, through the Zimbabwe Energy Regulatory Authority (ZERA) Tuesday announced a shock 50 percent increase in the price of the scarce commodity. The hike was the second …

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Fuel, Electricity Shortages Force Citizens to Go Solar

The Zimbabwe government recently announced long power cuts due to low levels of water in Kariba dam on the border with Zambia – the country’s main hydropower source. Collins Chigwagwa runs a small barbershop in a middle class suburb in Harare. Last week he bought a solar power system for …

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GMAZ embarks on price monitoring exercise

Grain Millers Association (GMAZ) says it will this week move around the country, monitoring prices of basic commodities to protect consumers from being short-changed by unscrupulous retailers. Earlier this month, GMAZ signed a Memorandum of Understanding with the Confederation of Zimbabwean Retailers and agreed on a model pricing system of …

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