Harare (New Ziana) – The government is pacing up expansion of the country’s electricity generation to keep up with increasing demand, and ensure power shortages do not constrict future economic growth, a senior government official said on Wednesday. In an interview, Ministry of Energy and Power Development permanent secretary, Gloria Magombo said a number of […]
Harare (New Ziana) – Government on Tuesday lifted the ban imposed on maize imports since last year, citing increased demand for the commodity. The ban, which had been imposed following a bumper harvest, meant millers were required to purchase maize from the Grain Marketing Board (GMB), which has a monopoly on buying and selling maize […]
Harare (New Ziana)– Nedbank Zimbabwe has raised additional capital via a rights issue to meet the statutory minimum capitalisation threshold of US$30 million, the Reserve Bank of Zimbabwe (RBZ) has said. In his monetary policy last week, RBZ governor Dr. John Mangudya said Nedbank, the National Building Society, and AFC Commercial Bank were among the […]
Harare (New Ziana) – The country attracted US$1.8 billion in investment in 2021, and expects a five percent growth this year, the Zimbabwe Investment and Development Agency (Zida) has said. China, with 94 projects approved by the agency, dominated the investment flows, followed in distant second by India with 38. Ironically, inspite of sanctions imposed […]