Economy

HARARE – Month on month inflation continued its gradual deceleration in September, falling to 17.7% from 18.07% reported at the close of August. Meanwhile the implied annual inflation rate now stands at 353% from 289% at the end of...

Farai Mabeza Government and Pan-African housing finance institution Shelter Afrique are in the process of designing an agreement to build 3 000 low cost housing units in Zimbabwe, a Cabinet Minister has said. National Housing and Social Amenities Minister, Daniel Garwe...

Mayor Jacob Mafume says Council is using own funds and City Parking mostly for road rehabilitation and maintenance in the City as Zinara continues to allocate crumbs to the local authority which has a huge chunk of licence-paying vehicles...

By Kristalina Georgieva and Abebe Aemro Selassie Sub-Saharan Africa is in the grips of a third wave of COVID-19 infections that threatens to be even more brutal than the two that came before. This is yet more evidence of a dangerous divergence in...

Tapiwanashe Mangwiro HARARE - The ministry of Finance gazetted a new statutory instrument, which deals with fund administrators, principal officers, registration fees as well as financial results of pension funds. For a person to be a fund administrator according to SI...

HARARE – Old Mutual is agreeable to a listing on a mooted foreign exchange board as part of a solution to deal with concerns raised by Government over the use of an exchange rate derived from the share price,...

MUTARE – President Emmerson Mnangagwa launched an oxygen plant that will have positive impact in various value chains in the health and agriculture sector. Mnangagwa launched an Air Separation Unit plant with an installed daily capacity to produce 20 tonnes,...

ZAPF 2022 Q3 MAGAZINE

NJ Ayuk Last spring, the Maersk Voyager, an ultra-deepwater drillship under contract by French supermajor Total, drilled a wildcat well in the deepest water ever – 3,628 meters (11,903 feet) in Block 48, a massive area with potentially huge oil reserves in...