HARARE, January 30 (The Source) – Government has gazetted the Zisco Debt Assumption Bill, effectively taking over the steel giant’s debt, clearing the way for its takeover by Chinese firm, Tian Li and its revival.
HARARE, January 30 (The Source) – Zimbabwe’s mineral revenue is projected to reach $2,5 billion this year up from $2,3 billion last year, on higher production from gold and platinum miners, the Chamber of Mines has said.
HARARE, January 25 (The Source) – Platinum production at Unki Mine remained flat at 75,000 ounces in 2017 despite an 18 percent drop in output in the fourth quarter.
HARARE, January 24 (The Source) – Zimbabwe’s annual gold output increased to 24,8 tonnes in 2017 from 21,1 tonnes the previous year driven by a rise in deliveries from small scale miners, Fidelity Printers and Refineries (FPR) has said.
HARARE, January 24 (The Source) – Zimbabwe’s telecoms regulator says it plans to build up to 250 base stations in rural areas across the country this year using proceeds from the Universal Services Fund (USF).
HARARE, January 23 (The Source) – The Zimbabwe government has ordered fuel dealers to reduce prices immediately by between 7 and 14 percent, less than 24 hours after cutting excise duty on fuel imports in a move aimed at lowering production costs.
HARARE, January 23 (The Source) – The Grain Marketing Board (GMB) posted a loss of $208,9 million in the 2016/17 season after government ordered it to buy maize from farmers at $390 and resell at $240 per tonne.
HARARE, January 23 (The Source) – Government has reduced excise duty on fuel imports, in a move aimed at reducing overall production costs in the country.
By Plaxedes Sibanda, HARARE, January 22 (The Source) – The Zimbabwe Power Company (ZPC) says it was guilty of mismanagement after paying $7 million in unsecured advances to controversial firm, Intratek, for the Gwanda solar project.
VUMBA, January 22 (The Source) – The Speaker of Parliament Jacob Mudenda has issued a two months ultimatum for the National Assembly to finalise the Exploration and Mines and Mineral Amendment bills which he says will provide clarity on mining activities in the country after… Read More
HARARE, January 22 (The Source) – Zimbabwe’s power utility ZESA Holdings says it is technically insolvent and does not have the financial capacity to effect a 50 percent salary increment or pay over $100 million in arrears which is being demanded by its workers.
HARARE, January 22 (The Source) – Shabanie and Mashava Mine Holdings (SMM) is seeking a partner to rehabilitate and process dumps as part of plans to restart operations.
HARARE, January 17 (The Source) – Shareholders of the Rainbow Tourism Group (RTG) on Wednesday approved the company’s plan to raise $22,5 million through a rights offer and linked debentures as part of measures to restructure its balance sheet and lower its debt.
By Kuda Chideme, HARARE, January 17 (The Source) – Government will assume Ziscosteel’s estimated $450 million debt in order to make the steel giant attractive to the Chinese firm R&F which has agreed to invest in the company, finance minister Patrick Chinamasa has said.
HARARE, January 16 (The Source) – Moribund steelmaker, Ziscosteel on Tuesday announced that it will be seeking approval from its minority shareholders to allow Government to assume its debt estimated at $450 million, and its takeover by Hong Kong firm, Tian Li.