Business

The Zimbabwe Energy Regulatory Authority (Zera) says Zimbabwe has coal reserves of 12 billion metric tonnes, proving that the country has huge potential for thermal-powered electricity. According to the United States real time statistics website, Worldometer, Zimbabwe’s total coal reserves ranks 38th in the world. “Proven coal resources of over …

Finance Minister Mthuli Ncube says the introduction of the United States dollars in 2009 led to the collapse of the industry as it meant imports grew, outweighing exports. This, he said, killed the production sector. Ncube was speaking during a youth programme in Gweru Saturday. “You cannot develop your own …

The economic difficulties in Zimbabwe have been at their regular worst for over two decades now. The best available minds, in government and the private sector, even political opposition structures that came to the table during the Government of National Unity (GNU) have not come up with a sustainable solution. …

THE Chamber of Chinese Enterprises in Zimbabwe has been lauded for coming up with a nine-point document spelling out how Chinese businesses in the southern African country should conduct their business affairs. The statement, the first of its kind, contains rules and guidelines on how Chinese companies should conduct themselves …

PARLIAMENTARIANS fumed Tuesday after it turned out that the Dubai Expo drained state coffers millions of dollars in foreign currency in the United Arab Emirates (UAE) recently after parastatals’ top management attended the Dubai Expo. According to oral evidence given by the management of four parastatals, Agricultural Marketing Authority (AMA), Agricultural …

Global markets are jittery as shown by a broad decline in stock market indice values from New York to Hong Kong. These are the initial reactions to an unprovoked attack and invasion of Ukraine by its sister country, Russia, but is this all that the world can expect from the …

On Feb. 22, 2022, AT&T was scheduled to turn off its 3G cellular network. T-Mobile is scheduled to turn its off on July 1, 2022, and Verizon is slated to follow suit on Dec. 31, 2022. The vast majority of cellphones in service operate on 4G/LTE networks, and the world …

EXILED businessman Mutumwa Mawere says his persistent fight to recover rentals from his Mt Pleasant home that was rented out without his consent for over 17 years has opened a can of worms over Zimbabwe’s lack of respect for property rights that may scare away investors.  Mawere, who has engaged …

Hwange Bureau Vendors in Hwange are pleading with the Rural District Council to consider reducing licence fees which have shot up by more than 100 percent. According to the vendors the rates were raised from US$36 to US$100 per year, a fee they say is too high further citing that …

Zimbabwe’s embattled power utility ZESA faces a crippling strike by workers demanding better pay. The Zimbabwe Energy Workers Union (ZEWU) says ZESA has “mistaken our patience for a weakness”, accusing the state-owned company of avoiding meetings to discuss pay increases. A strike by ZESA employees would see faults going unattended, …