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More Woes for Ziscosteel As Creditors Feast On Dead Govt Firm

Mounting legal woes continue to dog the Redcliff based integrated steel works, Ziscosteel following the closure of the company over a decade ago. Ziscosteel Chief Executive Officer (CEO) Alois Gowo said despite the assumption of the Ziscosteel debt by government in 2017, additional financial liabilities and associated obligations are continuing …

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Cash-Strapped Kwekwe City to Pamper Councillors With Tablets

The Kwekwe City Council is set to pamper its councillors with expensive phone tablets at a time the local authority is struggling to provide basic services, it has emerged. City Mayor Angeline Kasipo has described the expenditure as progressive. At a full council meeting recently, the city’s procurement department promised …

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Firm Invests Us$25m in Solar Power Project

By Africa Moyo A local company, Harava Solar, has invested about US$25 million in the designing and construction of a 20MW solar power plant in Seke, which will see the country saving up to US$4 million per year when the firm starts feeding the national grid. The Herald understands that …

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Zesa Owes Council Over $135m – Mayor

By Yeukai Karengezeka Harare City Council has said it is owed $135 million by Zesa Holdings and this is one of the key factors affecting service delivery. This came out after Zesa handed over a list of its creditors to Energy and Power Development Minister Fortune Chasi. who publicly announced …

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ICT Experts Propose Changes to Cyber Bill

By Costa Mano Information Communication Technology (ICT) professionals have called for a review of the Cybercrime and Cybersecurity Bill to provide for the inclusion of more independent experts in the envisaged 11-member Cybersecurity Committee. Speaking at a Cybersecurity and Digital Economy Workshop recently, Mr Kevin Ngalonde of Dandemutande said at …

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Fuel Prices Up Again

By Robert Tapfumaneyi The Zimbabwe Energy Regulatory Authority (Zera) Monday announced new prices of fuel, a move that suggests government is moving towards Finance Minister Mthuli Ncube’s wish to have it in line with the interbank value of US$1. According to a Zera announcement early Monday, the new price of …

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Risk perception trumps orthodoxy as inflation soars in Zim

JOHANNESBURG — Zimbabwe’s Finance Minister Mthuli Ncube seems to be doing everything by the book as he pursues orthodox economic policy often prescribed by the global “Bretton Woods” lending institutions to try and turn around a sickly economy. Reuters The government is running a budget surplus for the first time …

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Zim’s social protection lack co-ordination, under-financed

ZIMBABWE’S social protection interventions lack coordination and are generally under-financed as a result of the poor performance of the economy, a new report has shown. BY TATIRA ZWINOIRA A report titled: Action Research on Social Protection in Post-Independence Zimbabwe 1980-2019 prepared by Labour and Economic Development Research Institute of Zimbabwe, …

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Govt to break Bureau Veritas monopoly on imports inspection

GOVERNMENT is inviting more companies to enter the imports testing; inspection and certification space and break the monopoly of Bureau Veritas (BV), the NewsDay Business has established. BY FIDELITY MHLANGA Authorities in 2015 signed a four-year contract with the French-based company to offer pre-shipment inspection services of imports to avert …

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Fao, Agric Ministry hosts bio-fortification forum

Michael Tome Business ReporterFOOD and Agriculture Organisation (FAO) in collaboration with Ministry of Lands, Agriculture, Water, Climate will next month host a bio fortification awareness forum that is aimed at promoting nutrition sensitive agriculture and alleviation micro-nutrient malnutrition. The event which will run under the theme “scaling up the fight …

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