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ZESA Zimbabwe Warns of Power Cuts Due to Dollar Shortages

ZESA Zimbabwe Warns of Power Cuts Due to Dollar Shortages By Godfrey Marawanyika and Chengetai Zvauya (Bloomberg) — Power utility only receiving $1.5m weekly allocation from central bank instead of $5m it requires, Zimbabwe Electricity Supply Authority CEO Joshua Chifamba tells lawmakers in the capital, Harare. “If that is not …

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Zimbabwe passes law pegging 1 Bond Note = USD1

Law to back Zimbabwe bond notes currency gazetted Reserve Bank of Zimbabwe Elita Chikwati Senior Reporter— Government has gazetted the Reserve Bank of Zimbabwe Amendment Bill 2016 to enable the central bank and Finance and Economic Development Minister to issue bond notes exchangeable at par value with the United States …

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#Zimbabwe war veterans awarded lucrative government tender

MUTARE, November 18 (The Source) – Government has awarded a lucrative tender to Power Zimbabwe Private Limited – a company wholly owned by war veterans – as the ex-combatants make a fresh bid to venture into business after the liquidation of their Zexcom Foundation. Formed in 1998, Zexcom, which owns …

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