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NRZ needs $50m to refurbish Byo-Vic Falls railway line

NRZ needs $50m to refurbish Byo-Vic Falls railway line

AILING National Railways of Zimbabwe (NRZ) requires $50 million to lay a new railway line connecting Bulawayo- Victoria Falls as it is now a death trap. Early this month a foreign tourist died in Victoria Falls and several others were left injured when a goods ... Read More »

Govt to act on gold smuggling

Govt to act on gold smuggling

GOVERNMENT is working on gold-buyer friendly incentives in a bid to root rampant smuggling of the precious mineral out of Zimbabwe, Finance and Economic Development deputy minister, Samuel Undenge said on Wednesday. Presenting on the fiscal incentives to support mining linkages and overall growth of ... Read More »

Mine Entra preps gather pace

Mine Entra preps gather pace

More than 90 percent of the exhibition space has been taken up at the Zimbabwe International Exhibition Centre as preparations for this year’s Mining, Engineering and Transport (Mine Entra) to be held in Bulawayo in two weeks gather momentum. Zimbabwe International Trade Fair (ZITF) Company ... Read More »

Telecel illegally erects base stations in Byo

Telecel illegally erects base stations in Byo

MOBILE network operator, Telecel Zimbabwe, illegally erected base stations in Bulawayo without the approval of the local authority, council has said. In an report contained in the latest council minutes, the Director of Engineering Services, Engineer Simela Dube noted that the telecommunications firm, had about ... Read More »

Meikles eyes mining venture in Matabeleland

Meikles eyes mining venture in Matabeleland

Meikles Limited is eying a mining venture in Matabeleland and is prepared to splash $3 million in acquiring 51% shareholding, the company has said. Meikles is awaiting regulatory approval on the deal. Although the mine is not indicated, it is suspected to be in Bubi ... Read More »

Let’s tap into Angolan market: ZimTrade

Let’s tap into Angolan market: ZimTrade

ANGOLA could be Zimbabwe’s economic saving grace, as the southern African country spends $20 billion buying goods externally, of which $6 billion are products that can be produced here. Zimbabwe could boost its economy by tapping into the AngolaSon market if local businesspeople move to ... Read More »

Stage set for Mine Entra 2014

Stage set for Mine Entra 2014

THE stage is set for Mine Entra 2014 with a reported increase of foreign country participation as mining, engineering and transport bigwigs will showcase their latest products, innovation methods and create future markets. This year, Mine Entra runs under the theme “Innovation, Beneficiation, Growth” as ... Read More »

Stop promoting tribalism in business: Khaya Moyo

Stop promoting tribalism in business: Khaya Moyo

SENIOR Minister of State,  Simon Khaya Moyo has warned against individuals who conduct business or provide services by segregating others because of their language or place of origin, saying this was destructive to the country’s unity. In a thinly veiled attack on tribalism, Khaya Moyo ... Read More »

Policy inconsistencies deter investment opportunities: Bloch

Policy inconsistencies deter investment opportunities: Bloch

RENOWNED economist, Dr Eric Bloch has advised government to stop making contradictory statements about its economic policies as they were hindering the country from attracting the much needed investment as investors were shying away from Zimbabwe. Dr Bloch who was one the key speakers at ... Read More »

Govt delays setting up Special Economic Zones

Govt delays setting up Special Economic Zones

ALMOST a year later, the government has not set up Special Economic Zones (SEZs) in cities, which it said would be the panacea to economic challenges gripping the country. Special Economic Zones are defined as geographically designated areas of a country set aside for specifically ... Read More »