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Energy and Power Development ministry permanent secretary Gloria Magombo said the El Niño induced drought had had adverse effects on the countrys electricity generation capacity

Power Outages Disrupt ZITF

Power outages marred the opening day of the Zimbabwe International Trade Fair (ZITF) in Bulawayo as a blackout disrupted operations, compelling several exhibitors to resort to generators, according to a report by NewsDay. Gloria Magombo, the secretary for the Ministry of Energy

April 25, 2024

Fastjet accepting flight bookings payments in ZiG Picture Fastjet Zimbabwe

Business·Zimbabwe

Fastjet Zimbabwe Embraces Zimbabwe Gold (ZiG) Currency for Flight Bookings

In a significant development for the newly-introduced local currency, low-cost airline Fastjet Zimbabwe has announced that travelers can now use the Zimbabwe Gold (ZiG) currency to pay for their flight tickets. The Reserve Bank of Zimbabwe (RBZ) introduced the new currency to

April 23, 2024

Business·international·Zimbabwe

ZITF 2024: Bigger, Better, and Global!

This year’s 64th edition of the Zimbabwe International Trade Fair (ZITF) is witnessing a significant international presence, with 27 nations participating and bringing over 120 exhibitors. This surge marks a notable increase from the approximately 70 international exhibitors who participated in the

April 23, 2024

Business·Zimbabwe

RBZ Assures Sufficient Cash Supply

The Reserve Bank of Zimbabwe (RBZ) has announced the completion of printing and minting the new Zimbabwe Gold (ZiG) banknotes and coins, scheduled for introduction into the market next Tuesday. In an exclusive interview with The Sunday Mail, RBZ Governor Dr. John

April 21, 2024

Business·South Africa·Zimbabwe

Old Mutual Granted Banking License by South African Regulator

SOUTH AFRICA | Old Mutual plc, an international investment, savings, insurance, and banking group established in South Africa in 1845 as a mutual insurance company, has received initial approval from the Prudential Authority (PA), the South African financial regulator falling under the

April 19, 2024

Business·Zimbabwe

“Crucify Me” If RBZ Reverts To Excessive Money Printing, Says Mushayavanhu

ZIMBABWE | In a compelling address to business leaders at a Zimbabwe National Chamber of Commerce gathering in Gweru, RBZ Governor John Mushayavanhu passionately calls for the restoration of trust in the nation’s banking system. Recognizing the erosion of confidence over the

April 17, 2024

Business·Zimbabwe

ZESA’s Prepaid Electricity Vending System Offline for Currency Transition

The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has announced that its prepaid electricity vending system is currently offline. This temporary downtime is essential to facilitate the transition from the existing Zimbabwean dollar (ZWL) to the newly introduced currency, ZiG. ZETDC issued

April 6, 2024

BLANKET INVESTMENT Caledonia Mining Corporation has changed its mining strategy to become a multi asset gold producer in Zimbabwe

Business·Zimbabwe

Miner eyes expanded growth in Zimbabwe

Caledonia Mining Corporation, explorer, developer, and miner, has shifted its strategy towards becoming a multi-asset gold producer. Spearheaded by its acquisitions of Motapa Mining Company in November 2022, Bilboes Gold in January 2023, and the Maligreen brownfield operation in the Gweru mining

April 5, 2024

Business·Zimbabwe

POSB Pauses Privatization Plans: Awaits Further Guidance

The People’s Own Savings Bank (POSB) has halted its planned partial privatization as it awaits additional direction from its shareholder. Initially set for completion by the end of 2023, the partial privatization forms part of the government’s broader strategy to reform underperforming

April 4, 2024

Business·Zimbabwe

World Bank Reports Significant Gender Gap In Zimbabwe’s Agricultural Sector

A recent report by the World Bank unveils a striking gender gap in Zimbabwe’s agricultural landscape, with women owning a mere 9% of the country’s commercial cattle. The report, titled “Missing Voices, Missing Potential: The Status of Women in Zimbabwe’s Agricultural sector,”

April 2, 2024

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