Muzarabani: Oil & gas exploratory drilling commences in July

By Owen Mandovha THE exploration of oil and gas in Muzarabani Basin is progressing well, with the actual drilling of wells expected to start in July. The Invictus Energy Oil…

Indian and Dubai-based investors jet into the country

By Owen Mandovha The Zimbabwe Open for Business mantra continues to attract foreign investors, with more than six Indian and Dubai-based investors jetting into the country this Tuesday to explore…

DISCO sets up US$750m iron & steel plant in Chivhu

By Justin Mahlahla Cabinet has advised that Dinson Iron and Steel Company (DISCO) (Pvt) (Ltd) is setting up a Greenfield integrated iron and steel plant, alongside mining of iron in…

Rushinga Dolomite Mine creates 170 jobs

By Tapiwa Machemedze Government has created 170 new jobs in Rushinga over the past six months after the revival of Rushinga Dolomite Mine, a subsidiary of the Industrial Development Corporation…

Seven cases of economic sabotage at various stages of prosecution

By Peter Chivhima The National Prosecuting Authority (NPA) says it is currently dealing with seven cases of economic sabotage which are at various stages of prosecution. In a statement released…

Buy Zim hails govt’s measures to stabilise local currency

By Justin Mahlahla Local content promotion body, Buy Zimbabwe, says it welcomes government’s intervention to protect and promote the use of the local currency as we as reduce reliance on…

Zimbabwe records increase in foreign currency earnings

By John Nhandara THE Government is riding on an increase in foreign currency generation capacity and earnings to unlock more investments in the country. Zimbabwe has for the past two…

HE Address on price hikes, exchange rate…

INTRODUCTION THE Zimbabwean economy recently experienced a rise in month-on-month inflation, from a monthly average of 4.5% seen in the past 12 months to 15.5% in April 2022. 2. While…

Commercial Court to deal with currency manipulation – RBZ

By Davison Vandira THE Reserve Bank of Zimbabwe says deterrent penalties are required if the country is to deal with currency manipulators once and for all. Over the past two…

Economic fundamentals in place as diaspora remittances go up

By Stanley James ECONOMISTS say Zimbabwe has the right fundamentals to consolidate growth spurred by a 29 percent increase in diaspora remittances in the first three months of the year.…