BUSINESS NEWS

Staff Reporter

The Zimbabwean economy is on a rebound with the International Monetary Fund (IMF) projecting a growth rate of 6.3 percent despite the COVID-19 pandemic and climate changes which has affected the country’s 2021-2022 farming season.

Staff Reporter in Binga

Monaf Coal Miners, the British-owned company which was granted a mining permit granted by Government has also been given the green light by the traditional leaders in Binga to mine coal in Muchesu area under Chief Sinakhoma.

Staff Reporter

The City of Kings, popularly known as koNtuthu ziyathunqha, (the City of bellowing smoke), will for the first time in the history of this nation host the Independence Day Celebrations, in fulfilment of the Second Republic’s drive towards the promotion of national unity, devolution and decentralisation.

Staff Reporter

…as it set up a Base Metal Refinery

The Zimbabwe Platinum Mines (Zimplats) (Pvt) Ltd, has been lauded for taking steps toward value addition and beneficiation, by setting up a Base Metal Refinery (BMR) that will be commissioned in June 2024.

Staff Reporter

Treasury has released ZW$750 million as part payment of the ZW$2 billion subsidy for 2021 cotton deliveries.

Staff Reporter

President Emmerson Mnangagwa has reaffirmed Zimbabwe’s commitment to the protection of capital investments.

Agricultural Reporter

The Government, through the Ministry of Lands, Agriculture, Fisheries, Water and Rural Development is going to link annual production and productivity returns to the acquisition of 99 year leases, a move that will enhance efficiency and ease of doing business.

Staff Reporter

Government has clarified on the delays in processing import permits for components that have to be sourced outside the country, Harare Post can report.

Political reporter

Holes have been punched into the opposition political party’s scheme of tarnishing Chinese investments in Zimbabwe, with the latest being on hyped claims of displacement of families in Binga, ostensibly to pave way for coal mining.

Staff Reporter

The easing of COVID-19 restrictions has witnessed an improvement in the diamond market.  This was revealed by a contact within the Minerals Marketing Corporation of Zimbabwe (MMCZ), following the Corporation’s invitation of diamond buyers and its efforts to enlist on the international markets.

Staff Reporter

The exploration of oil and gas at Cabora Bassa basin in Muzarabani by the Australian oil and gas firm, Invictus Energy (IE), is expected to commence in May 2022, a contact within the company has said.

Staff Reporter

Cabinet yesterday approved that Kuvimba Mining House be engaged as the investment partner for the resuscitation of ZISCO Steel.