Harare (New Ziana) – The Zimbabwe National Road Administration (Zinara) said on Tuesday it had re-negotiated better terms for the remaining US$165 million loan secured from the Development Bank of Southern Africa (DBSA) for the rehabilitation of the Plumtree-Harare-Mutare highway. The road authority had stopped servicing the loan, originally US$206 million, due to non-availability of […]
Harare (New Ziana) – EmpowerBank, a youth and small to medium enterprises focused lending institution, will receive an additional ZW$500 million in funding for on-lending as the government forges ahead with its youth empowerment initiatives, President Emmerson Mnangagwa announced on Monday. The bank, as its name implies, is focused on project financing at micro and […]
Harare (New Ziana) – The government is sticking to its five-year de-dollarisation plan, and is confident that fiscal and monetary measures put in place to stabilise the local currency will succeed in the long term, the Reserve Bank of Zimbabwe said on Thursday. Zimbabwe re-introduced its own currency in 2019 after a decade-long hiatus and […]
Harare (New Ziana) – The country’s biggest agricultural seed producer, SeedCo Limited, said on Thursday sales volumes in the quarter ended December 31, 2021 dipped 40 percent, and revenues by 32 percent, owing to the late start of the farming season. Traditionally, the onset of rains spur agricultural input sales, and this is usually the […]