HARARE - Zimbabwe intends to build a second fuel pipeline in partnership with three other Southern African countries in a US$1, 5 billion arrangement, which will be funded by the Russian Government.
The deal puts a lid on the much talked about...
Farai Mabeza
THE European Union (EU) has suspended restrictive measures on former first lady Grace Mugabe, a move hailed by proponents of government’s re-engagement drive.
In a statement released Monday, the Council of the European Union said that it would maintain...
Highlights
Total money supply in the economy as at December 2019 stood at $34.5 billion. Of that $22 billion (64%) is in local currency and $12.5 billion or US$785 million in in foreign currency.
Cash in circulation at $1.1 billion as...
HARARE - The agreement between Government through the National Oil Infrastructure Company and Trafigura does not permit the commodities firm to exceed 40% market share. This has resulted in capacity utilization of the pipeline averaging around 65% over the...
Farai Mabeza
DELTA Beverages has increased wholesale prices for its alcoholic beverages by more than 80 percent on selected brands.
According to the new price list gleaned by The Anchor, quarts for brown bottles such as the Castle and Lion lager...
HARARE – The government has reviewed upwards the subsidized price for a roller meal bag by 40% against the prevailing market price of the product with immediate effect.
Previously, the roller meal subsidy was pegged at ZWL$50 per 10kg bag...
Farai Mabeza
KARIBA Dam needs three years to reach its maximum retention levels at current average annual inflows of 40 billion cubic meters, Zambezi River Authority chief executive Engineer Munyaradzi Munodawafa has said.
Addressing the media in Lusaka Friday morning, Munodawafa...
Xolisani Ncube/Almot Maqolo
At least 650 white former commercial farmers have received payment of about $50 000 as compensation from government, the Commercial Farmers Union has revealed.
The money translates to approximately US$2 000 using the parallel make rate of 1:25.
However,...
Sydney Kawadza
Africa’s economies are growing strongly, but growth alone cannot meet the needs of the continent’s poorest citizens, because “nobody eats GDP,” the African Development Bank’s President, Akinwumi Adesina, has said.
Adesina made the remarks while unveiling the Bank’s flagship...
Levious Chiukira
January 31, 2020, marks the date when history books need to be re-written as one of the giants of Europe, the United Kingdom, exits the continental grouping European Union, which it has been a member of for 47...
