By Moses Magadza Gaborone (New Ziana) – South Africa’s first black central bank governor, Tito Mboweni, has described the development of a Southern African Development Community (SADC) Model Law on Public Financial Management (PFM) as “laudable” but stressed that political will will either make or break the initiative. He was addressing a virtual consultative meeting, […]
Harare (New Ziana) – The Zimbabwe Consolidated Diamond Company (ZCDC), the country’s largest diamond miner, has set a production target of over 5 million carats this year, while others including Anjin and Murowa are expanding production capacities to drive growth in the sector, a Cabinet Minister said on Thursday. ZCDC, along with Anjin, Murowa and […]
Harare (New Ziana) – Sound management of the Covid-19 pandemic, strong agricultural and mining sector growth saw Zimbabwe’s economy grow by 6.3 percent in 2021, recovering from a cumulative slump of 11.7 percent between 2019 and 2020, the International Monetary Fund (IMF) said on Thursday. The latest projection is higher than the 5.1 percent that […]
Harare (New Ziana) – Local diamond beneficiating companies are consuming only 0.5 percent of available quantities but plans are afoot to increase capacity, including through investment in advanced cutting machinery, an industry expert has said. In 2014, Zimbabwe introduced a policy that reserves 10 percent of its annual diamond production for the local cutting and […]