Industry frets over delayed Auction start
Staff Writer
HARARE - The Reserve Bank of Zimbabwe (RBZ) has deferred by up to a week the opening of the first foreign exchange auction for 2022 to the 18th of January citing COVID-19 impact on...
Fuel blending ratio reduced to zero
Davison Kaiyo
HARARE – Mandatory fuel blending has been removed, for now, the Zimbabwe Energy Regulatory Authority (ZERA) has said.
In a statement announcing January fuel prices the regulatory authority said the blending ratio has been...
Zera in marginal review of fuel prices
Staff Writers
The Zimbabwe Energy Regulatory Authority (ZERA) last night announced the reduction of fuel prices for both diesel and blend as of January 1, 2022, although the prices in local currency remained below USD...
President proclaims March 26 by-elections
Davison Kaiyo
HARARE – President Emmerson Mnangagwa has proclaimed March 26, 2022 as the day when the much awaited by elections will be held.
According to Statutory Instrument number 2 of 2022 published today, the nomination...
Invictus secures ancillary equipment for drilling campaign
Itai Ndongwe
Invictus Energy has secured the required long lead items as well as casing and wellheads for a two-well drilling programme at its Cabora Bassa project in Mashonaland Central.
In a statement, the company says...
GMB pre-planting prices discouraging: ZICFU
Christopher Mahove
HARARE - The pre-planting producer prices announced by the Grain Marketing Board (GMB) last week are unsustainable and discouraging to farmers, the Zimbabwe Integrated Commercial Farmers Union (ZICFU) has said.
The GMB last week...
Zim to launch lithium policy after multi-million dollar Chinese deal
Davison Kaiyo
HARARE – Zimbabwe is set to launch a lithium policy as the government seeks to control the mining sub sector to ensure the country fully benefits from the resource.
Currently the country has...
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Powerspeed disposes of Engineering division as retail volumes rise in F21
Tadiwa Musiyiwa
Powerspeed Electrical Limited has increased revenue by 300% to $8.6 billion from $2.1 billion recorded last year largely attributable to contributions by external customers in the retail segment.
In the Group’s financial statements for...
Young women bear brunt of Illicit Financial Flows
Tadiwa Masiiwa
Illicit financial flows (IFFs) are causing financial hemorrhage due to illicit capital outflows from developing countries, according to the Economic Justice for Women Project.
In a report titled, “The nexus between illicit financial flows...
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Fresh calls for exporters forex retention review
HARARE: The foreign currency retention policy for exporters that has been subject to criticism for years is likely to spell further doom for local...
