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Govt mulls credit guarantees to reboot industry

Govt mulls credit guarantees to reboot industry

Government is considering providing credit guarantees for offshore borrowings by private firms seeking funding amid reports local industries require at least $2 billion to retool. Industry and Commerce Minister Mangaliso Ndlovu told The Sunday Mail Business in an interview that while it was ordinarily not Government’s role to provide such guarantees, the matter is under […]

3 years, 2 months ago Comments Off on Govt mulls credit guarantees to reboot industry
$150m dam projects work in progress

$150m dam projects work in progress

Despite limited outlays for capital projects from Treasury, Government is plowing ahead with the construction of three key dams – Gwayi-Shangani Dam (Matabeleland North), Sengwa (Mashonaland Central) and Marowanyati Dam (Manicaland) – with the latter project, which is now 78 percent complete, expected to begin impounding water in the current rain season. Further, the construction […]

3 years, 2 months ago Comments Off on $150m dam projects work in progress

Prof Ncube’s interview on investing in Zimbabwe

Zimbabwe Finance Minister Mthuli Ncube discusses the importance of currency stability, efforts to eradicate cholera, and the economic impact of the dollar and China trade. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)

3 years, 2 months ago Comments Off on Prof Ncube’s interview on investing in Zimbabwe

RBZ’s Mangudya sees positive investment climate

Mangudya tells Bloomberg that Zimbabwe’s gold production has risen significantly by seventy percent in the past eight months producing about 25 tonnes by end of August vs eleven tonnes in 2017.He also says that the gold is finding its way to international markets.He tells Bloomberg that Zimbabwe is receiving investors from the USA,UK,Germany and China.

3 years, 2 months ago Comments Off on RBZ’s Mangudya sees positive investment climate
Envoy hails improved UK-Zim ties

Envoy hails improved UK-Zim ties

Outgoing British Ambassador to Zimbabwe Catriona Laing has commended improved ties between her country and Zimbabwe following two decades of strained relations that followed the implementation of the country’s land reform programme. Ambassador Laing said this after paying a courtesy call on Vice President Constantino Chiwenga to bid him farewell. “The UK and Zimbabwe relationship […]

3 years, 2 months ago Comments Off on Envoy hails improved UK-Zim ties
Parly to push for pro-business laws

Parly to push for pro-business laws

As the Ninth Parliament knuckles down to business on Tuesday, Government will give precedence to legislation that empowers it to lay foundations for a moderately prosperous economy by 2030. A total of 27 Bills will be tabled before Parliament in the current Session. It is believed that Government is presently seized with drafting two key […]

3 years, 2 months ago Comments Off on Parly to push for pro-business laws
60 firms eye Special Economic Zone status

60 firms eye Special Economic Zone status

Over 60 local and foreign companies have submitted bids to set up projects within Zimbabwe’s special economic zones (SEZ). The gazetting of the SEZ legislation few weeks ago by the government has set the tone for the take off of the models which are aimed at increasing specialised businesses within the country’s ten provinces. Zimbabwe […]

3 years, 2 months ago Comments Off on 60 firms eye Special Economic Zone status
Mine Entra bookings reflecting growing business confidence

Mine Entra bookings reflecting growing business confidence

This year’s edition of the Mining, Engineering and Transport (Mine Entra) expo is already 93% booked, a sign of growing business confidence in the sector and strong international interest in doing business with Zimbabwe. Mines and Mining Development minister Winston Chitando is expected to officially open the show, which will run from October 10 to […]

3 years, 2 months ago Comments Off on Mine Entra bookings reflecting growing business confidence
DIDG converges with Diasporans to harness funds

DIDG converges with Diasporans to harness funds

The Diaspora Infrastructure Development Group (DIDG), which won the tender to recapitalise the National Railways of Zimbabwe (NRZ) to the tune of $400 million, is broadening its shareholder base to other Zimbabweans in the Diaspora. The move is aimed at raising funds for working and transactional costs, among others. In the company’s quarterly report for […]

3 years, 2 months ago Comments Off on DIDG converges with Diasporans to harness funds
Another boost for national research

Another boost for national research

Zimbabwe’s new president has announced that his government will enact a law establishing a research institute that will contribute towards the economic growth that will turn the country into a middle-income nation by 2030. The announcement on Tuesday during Emmerson Mnangagwa’s first address to parliament after winning the presidential election held on 30 July, follows […]

3 years, 2 months ago Comments Off on Another boost for national research