Staff Writer
Kudakwashe Tagwirei’s Sakunda Holdings is sweating over US$48 million that it owes to its London-Stock Exchange listed technical partner, Aggreko accumulated from the now defunct Dema Diesel Power Generation plant.
The Anchor is reliably informed that Sakunda has been...
HARARE – (FinX) Zimbabwe narrowed its trade deficit in the year to October to US$296.42 million from US$743 million in September after improved exports in October boosted by tobacco and nickel values. The country however still needs to do...
Farai Mabeza
PAN-AFRICAN housing finance institution, Shelter Afrique, approved a total of US$20m for Zimbabwean housing finance providers during the year, managing director Andrew Chimphondah has said.
Chimpondah told the media at the opening of Shelter Afrique’s Centre of Excellence Masterclass...
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...
Staff Writer
Zimtrade has signed a memorandum of understanding with Dutch senior expert consultancy PUM to grow horticultural exports, but the Dutch organisation is demanding expedition of land bankability by Harare as part of enablers for the strategic deal.
PUM is...
By Munyaradzi Doma
The Harare City Council plans to introduce a 20 percent infrastructure development levy on all new developments effective this January to enable them to fund road programmes.
The 20 percent infrastructure development levy will be used as a...
HARARE – (FinX) As part of efforts to eliminate the black market for foreign currency and contain inflation in the process, Government will soon require those who import goods to officially declare sources of foreign currency. لعبه الباصره
Zimbabwe...
FARAI MABEZA
HARARE – Bread production capacity has dropped to below 50 percent over the last months due to erratic wheat and flour supplies.
This has raised fears that Zimbabweans could spend the upcoming festive season without bread, the president of...
Four deaths have had an impact on the life of Chipangamazano. The biggest being his father’s, made devastatingly worse because just a week before, he had personally called to ask that Chips comes for baptism in Marondera. As a...
HARARE – (FinX) Finance and Economic Development Minister Mthuli Ncube has unveiled a $63.6 billion expenditure budget but with revenue of$ 58.6 billion, a deficit of around 1.5% of GDP is expected. In US dollars, the expenditure is at...
