$97mln solar plant for Gwanda

GWERU, December 4 (The Source) – Zimbabwe’s power company plans to build a ‘solar farm’ next year in Gwanda,  south of the country with capacity to produce 100 megawatts at a cost of $97 million to shore up power supplies, a company spokesperson said on… Read More

Govt to lower mining royalties

HARARE, December 3 (The Source) – Government will lower royalties from mineral sales, particularly for gold miners in a bid to shore up deliveries and resuscitate its refinery, Fidelity Printers, the mines minister has said. Zimbabwe wants to reopen Fidelity, a subsidiary of the central… Read More

Chidhakwa wants tougher mining laws

HARARE, December 2 (The Source) – Zimbabwe’s mines minister, Walter Chidhakwa  says African countries should have tougher mining laws to benefit more from their natural resources. “This why in Zimbabwe we say without any fear or apologies that when you come to Zimbabwe, you are… Read More

Delta in $4.7 mln out of market deal

HARARE, December 2 (The Source) The market started the week positively, with the main industrials index gaining 0.87 points to 213.91 points with support from heavyweights Delta and Econet. Delta traded 1.05 cents higher to 151.05 cents recording a turnover of $154 000 from sales… Read More

Zimbabwe’s central bank chief steps down

Zimbabwe’s reserve bank governor Gideon Gono, who put the bank’s printing press into overdrive to keep pace with hyper-inflation, has left the central bank after completing his final five-year term on Friday. At the height of the southern African country’s decade-long economic crisis, Zimbabweans were… Read More