Business

The government is reportedly struggling to pay US$5.2 million owed to a Chinese firm which was contracted to build a new mill which is expected to double production at cement producer Lafarge Cement Zimbabwe (LCZ). Legislators visiting the company at its Harare base on Monday heard that the US$15 million …

Deal-making is still possible in Zimbabwe, if you know your way around For proof, look no further than the transaction that’s just completed around Prospect Resources’ Arcadia lithium project, situated around 38 kilometres east of the capital, Harare. In working up Arcadia, Prospect followed a path that’s been tried and …

The Zimbabwe National Water Authority (ZINWA) has, with immediate effect, increased water charges for both treated and bulk raw water supplies. The latest tariff review, which hits commercial farmers the hardest, has been attributed to inflationary pressure pushing the cost of treating and distributing the precious liquid. ZINWA last reviewed …

The UK’s new chancellor of the exchequer, or finance minister, who has become the first black person to take on such a high-profile role in British politics, is trending in Ghana. Conservative politician Kwasi Kwarteng was born in the UK in 1975, but his parents came to the UK from …

Several church founders and business leaders attended Impact Training Institute’s (ITI) colourful graduation ceremony conducted last Saturday at Hellenic Sports Club. Sixty graduands who underwent training in various courses that include Biblical and Pastoral Studies, Supervision and Management, Events Planning and Management, Ministry Studies, Church Administration, Public Relations, Marketing, Office …

Transport and Infrastructural Development minister Felix Mhona has set new driver’s licence fees that will see new drivers paying between US$15 and US$30. In Statutory Instrument 158 of 2022, published on Friday, Mhona said: “A person applying in terms of section 8(2)(b) or (3) of the Act to an issuing …

By Daniel Kachere News Editor Over 250 exhibitors are set to throng Bulawayo’s Zimbabwe International Exhibition Centre (ZITF grounds) for this year’s Sanganai/Hlanganani–World Tourism Expo. Set for October 13-15, 2022; the expo will be conducted physically after a two-year hiatus induced by the Covid-19 restrictions. Zimbabwe Tourism Authority (ZTA) Chief …

Mines and Mining Development Minister, Winston Chitando faced the wrath of parliamentarians for maintaining laws, which continue exposing communities to losing land. The legislative framework, it is argued, risks reversing the gains of the land reform exercise. There are concerns by a section of stakeholders who believe that the bulk …

DELAYS in approving tariffs against the backdrop of rising inflation and a weakening domestic currency almost brought the country’s multi-million-dollar telecommunications industry to its knees as overheads and pressure to meet international obligations outpaced the pricing regime, the country’s largest mobile phone operator says. Official figures show that the year-on-year …

State-owned power utility Zesa is banking on the judiciary to hand down severe penalties against copper cable thieves who cost the company US$4.5 million last year alone as the criminals continue wreaking havoc on suburbs and farms. Zesa officials said they have recorded more than 1 300 cases of vandalism …