Five year tax break for Great Dyke Investments

Davison Kaiyo Government has entered into an agreement with Great Dyke Investments (GDI) that would see the new player in Zimbabwe’s platinum mining sector enjoying a five-year tax break. This follows that approval of Special Mining...
The Beitbridge Border Post continues to receive the largest number of human traffic in the SADC region with at least 40 percent of travelers in the region using the busy border post

African banks sign deal to upgrade trade chokepoint at Zimbabwe border

A group of African banks has signed a US$194mn senior debt facility to rehabilitate the Beitbridge border post, a crossing that connects Zimbabwe and South Africa. Rand Merchant Bank (RMB) acted as co-ordinating bank and...
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IMF revises global growth forecast upwards with wary eye on pandemic

With a wary eye on COVID-19, the International Monetary Fund (IMF) has forecast a more optimistic 5.5% expansion of the global economy this year. The upward revision in the IMF’s latest World Economic Outlook published...
The re-shaping of the Plunge Pool is part of the Kariba Dam Rehabilitation Programme being undertaken at a cost of US$300m as part of sustaining the infrastructure

US$ millions for ageing Kariba Dam – UN Report

Sydney Kawadza Zimbabwe and Zambia should expect spending millions of United States dollars in regular repairs, rehabilitation and maintenance at the Kariba Dam, which has reached an advanced age of 60 years. The aging dam, which...
African Development Bank President Dr. Akinwumi A. Adesina on Thursday spoke out on the urgent need to finance climate adaptation

AfDB mobilises US$25b for African climate adaptation

Staff Writer The African Development Bank has launched the African Adaptation Acceleration Programme to mobilize US$25 billion to scale up and accelerate climate change adaptation actions across Africa. AfDB president Akinwuma A. Adesina announced the launch...
Government efforts to curb the rate of infection from the COVID-19 virus are bearing fruit with cases dropping by almost 50 percent

Govt warns against spreading false news

Reason Razao  Government has blasted mainstream and social media for maliciously alleging that some of its officials had passed on after succumbing to Covid-19 saying it was unethical and unacceptable to publish falsehoods. Permanent secretary for...
Emirates will increase its flights between Harare Lusaka and Dubai to four times a week from February 6

Emirates to increase flights to Harare and Lusaka

Staff Writer Emirates is set to increase its flights between Harare Lusaka and Dubai to four times a week from February 6 this year with the expanded schedule of services offering better connectivity for customers...
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Sub-Saharan Africa FDI down 11% to US$28 billion: UNCTAD

Tapiwanashe Mangwiro  HARARE – Foreign Direct Investment (FDI) to Sub-Saharan Africa fell by 11% to US$28 billion in 2020 due to the Covid-19 pandemic, according to the United Nations Conference on Trade and Development (UNCTAD)....
Cemeteries in Harare have filled up with council seeking alternative burial sites as the COVID-19 pandemic continues to bite in Zimbabwe

Harare City frets over burial sites as COVID-19 bites

Sydney Kawadza The Harare City Council is in urgent need of a new burial site as most of its cemeteries re largely full, a development which is forcing residents to seek alternative burial space at...
The December 2020 month on month inflation rate was 4.22 percent and prices as measured by the all items CPI increased by an average rate of 4.22 percent from the previous month

Consumer Price Index publication expedited

Davison Kaiyo The Zimbabwe Statistics Agency (ZimStat) has changed the dates for publication of the Consumer Price Index following the completion of the computerisation of the agency. ZimStat announced in a statement Friday the information will...