Itai Ndongwe
Zimbabwe is bracing for a repetition of the devastating power disruptions caused by the 2015-2016 El Niño event, a cyclical climate phenomena associated with greater Pacific Ocean temperatures and clouds over southern Africa.
With the country already suffering with...
The struggle for which liberation? Money and the end of settler political rule in Rhodesia, 1975-1979
Tinashe Nyamunda
In the previous article, I examined the ways in which the Rhodesian economy...
HARARE - The country's raw milk production rose to its highest in recent times in August supported by improved milk supply development programmes and favourable weather and ensured that the sector maintains monthly gains for the fourth consecutive month.
According...
HARARE - Reserve Bank of Zimbabwe says it has cleared the allotments backlog on the foreign currency auction system after it released US$100mln into the market last Friday. The auction backlog was stretching for up to six and seven...
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...
HARARE – The Zimbabwe Energy Regulatory Authority has hiked the price of fuel, although it remains below US$1, after admitting that pricing could not follow the parallel market rates as it would heighten inflationary pressures.
In a notice, ZERA increased...
Staff Writer
Government is designing a new fuel pricing structure to prevent artificial shortages and is restructuring the oil industry to improve its operational efficiency, a Cabinet Minister has said.
The Minister of Energy and Power Development Fortune Chasi said he...
Staff Writer
The African Development Bank has committed $530 million to finance the construction of a 343 km, 400 kV central-south transmission line that will connect the north and south transmission grids in Angola and allow for the distribution of...
The Zimbabwe Tourism Authority and some local tourism operators are part of exhibitors showcasing their services and products to MICE buyers at the 17th edition of Meetings Africa, which kicked off in South Africa today.
The event is running from...
Highlights
Total money supply in the economy as at December 2019 stood at $34.5 billion. Of that $22 billion (64%) is in local currency and $12.5 billion or US$785 million in in foreign currency.
Cash in circulation at $1.1 billion as...
