RWANDA AND ZIMBABWE SIGN MINING DEAL

Posted on 29 August 2019 by Gambeta News

Memorandum of Understanding (MoU) Signed between Rwanda and Zimbabwe to boost mining sector. Rwanda and Zimbabwe has sign an MoU that will aim to spur business and private sector involvement. This MoU will help the mining sector in promoting and creating more opportunities for citizens in both nations. The mining deal will bring both nations to work together in training, exchange resources management experiences as well as share expert employment in the mining sector. CEO…

ZIMBABWE PRESIDENT LAUNCH NORTH-SOUTH CORRIDOR ROAD REHABILITATION

Posted on 27 August 2019 by Gambeta News

Zimbabwe North-South Corridor Road Rehabilitation

President Mnangagwa launch road rehabilitation under Japan US$21 million infrastructural development grants. President of Zimbabwe Emmerson Mnangagwa has launch the north-south corridor road rehabilitation. The road rehab will fall under the US$21 million grants from the Japanese Government. This grant will help support the Japanese engineers and the Ministry of Transport and Infrastructural Development. Speaking during the ceremony, President Mnangagwa said the development was part of Government’s thrust to develop robust and modern infrastructure. It will…

ZIMBABWE NEGOTIATE MORE POWER DEAL WITH MOZAMBIQUE

Posted on 26 August 2019 by Gambeta News

Minister Advocate Fortune Chasi announced negotiation deal with Mozambique for electricity generation. Zimbabwe is negotiating a deal with Mozambique for electricity generation in the country. The 400 MW deal will enable the country prevent more power shortage which they are facing at the moment. This was according to Energy and Power Development Minister Advocate Fortune Chasi during a statement. Minister Chasi said “We are actually in the process of engaging Hydro Cahora Bassa of Mozambique…

ZIMBABWE TO BORROW US$1.9BN FROM G7 NATIONS TO PAY DEBTS

Posted on 19 August 2019 by Gambeta News

Zimbabwe plans to borrow fund from G7 nations but is that a wise choice? Zimbabwe Government is planning to borrow US$1,9 billion from G7 nations in order to pay their debts. The G7 nations which are France, Italy, Canada, Germany, United States, Japan and United Kingdom. The funds will be use to clear debts to the African Development Bank (AfDB) and World Bank according to Minister of Finance and Economic Development Mthuli Ncube. Speaking during…

ZIMBABWE GOVERNMENT AGREES COAL EXPORT DEAL

Posted on 8 August 2019 by Gambeta News

Zimbabwe to export coal to Japan and India with new deal Zimbabwe government has agreed a deal with Dubai-based company, Victoria Consultant for coal export. This deal will enable the country to secure markets for coal exports in India and Japan. Meanwhile, Victoria Consultant will assist Zimbabwe according to the deal. As both nations are the largest coal importing countries in the world. However, during the meet President Mnangagwa said Zimbabwe should take advantage of…

ZIMBABWE AND TANZANIA TO BOOST ECONOMIC TIES

Posted on 30 July 201931 July 2019 by Gambeta News

Zimbabwe and Tanzania discuss deal to boost economic ties. Plans are in motion for Zimbabwe and Tanzania to cement their relationship. This plan will enable both nations to thrash out numerous economic agreements. However, the discussion is set to take place during the Eighth Session of the Joint Permanent Commission on Cooperation (JPCC). Meanwhile, the deal is in line with the new dispensation’S drive to promote economic diplomacy for the attainment of Vision 2030 of…

ZIMBABWE: CONSTRUCTION SENGWA THERMAL STATION WILL KICK OFF SOON

Posted on 16 July 201917 July 2019 by Gambeta News

Is investing US$1.5bn for the construction of a 2,800MW thermal plant in Sengwa, Zimbabwe worth it? Rio Zim, a mining company in Zimbabwe; has achieved another milestone by signing a Power Purchase Agreement (PPA) with Power China to construct the Sengwa thermal plant. Power China in November 2018 signed a framework and exclusivity agreement with Rio Zim. The PPA is an essential part of this type of project as it guarantees investors of future benefits….

ZIMBABWE PRESIDENT IN ENERGY TALKS WITH ESKOM

Posted on 8 July 20198 July 2019 by Gambeta News

Zimbabwe to discuss new energy deal with eskom

President Mnangagwa held talks with President Ramaphosa over Zimbabwe Energy issues. President Emmanuel Mnangagwa has held talks with President Cyril Ramaphosa of South Africa toward solving the nation energy problem. The bilateral meeting was to find a lasting solution to Zimbabwe power challenges. During the meeting, President Mnangagwa announce that Energy and power minister Fortune Chasi will soon lead a delegate to South Africa. These delegates will finalise a new power deal that will ease…

ZIMBABWE GOVERNMENT LAUNCH INDUSTRIAL POLICY

Posted on 2 July 2019 by Gambeta News

Zimbabwe Government launch ZNIDP to help add value, increase employment and promote a culture for saving. Government of Zimbabwe has launch a Zimbabwe National Industrial Policy (ZNIDP) that will help transform the nation economy. The aim for the policy will be to add value, increase employment level as well as promote a culture for savings. Industry and Commerce Minister Nqobizitha Mangaliso Ndlovu said through the ZNIDP, Government will ensure a conducive operating environment for the…

AFDB PREPARE FINANCIAL PACKAGE FOR ZIMBABWE

Posted on 17 June 2019 by Gambeta News

Afdb plan financial package for Zimbabwe

AFDB to prepare financial package for Zimbabwe after impressive economic reform Africa development Bank has set up a plans to help Zimbabwe. The financial package comes as a result of the nation impressive political and economic reforms. Speaking during the 54th Meeting of Boards of Governors of the AfDB, Dr Kapil Kapoor confirmed the package. According to him the bank are happy with the reform after meeting with Minister Professor Mthuli Ncube. Dr Kapil Kapoor…

ZIMBABWE PRESIDENT INVITES MAJOR CHINESE COMPANIES

Posted on 14 June 2019 by Gambeta News

President Emmanuel Mnangagwa invites Chinese companies

President Emmanuel Mnangagwa speaks about development of more infrastructures after tour with chinese companies. President Emmanuel Mnangagwa has invited Chinese company to establish office for future infrastructure. This is part of the president plans to fulfil Vision 2030 which is aim to achieve an upper middle-income society. The president met with delegates from china top construction firm during a site tour of the new Parliament Building which is under construction in Mt Hampden. During the…

ZIMBABWE GOVT. SIGN AGRICULTURE MECHANISATION EQUIPMENT DEAL

Posted on 6 June 2019 by Gambeta News

Zimbabwe government sign agriculture equipment deal

Zimbabwe government sign deal to supply agriculture mechanisation equipment worth US$100 million. Zimbabwe Government has sign a contract with Belarus and John Deerse Manufacturing company. The contract will be to supply agriculture mechanisation equipment worth US$100 million. This will help close Zimbabwe mechanisation gap which has fall short of about 543 000 agricultural implements. According to the deal, Belarus government will get US$52million while, John Deerse Manufacturing company will get the remaining fund. The aim…

ZIMBABWE PRESIDENT TO UNVEIL US$10M TIE AND BRICK PLANT

Posted on 27 May 2019 by Gambeta News

President Mnangagwa to unveil SZCC plant

President Emmerson Mnangagwa to unveil SZCC’s tie and brick manufacturing plant. President Emmerson Mnangagwa will today officially commission the brink and tile manufacturing plant at Sino Zimbabwe Cement Company. The official unveiling of the plant will enable additional competition to the industry. During the announcement by Midlands Provincial Affairs Minister Senator Larry Mavima, the plant will also provide additional bricks and competition, which in turn will have an effect on pricing. The aim of the…

ZIMBABWE PRESIDENT EXPECTED FACELIFT IN HARARE

Posted on 16 May 2019 by Gambeta News

President Mnangagwa calls for a new facelift on building in Harare. President Emmerson Mnangagwa has urge harare council to inform owner of building to refurbish it. According to President Mnangagwa it will help restore the city’s sunshine status. The president also suggest that Clr Gomba comes up with by-laws that will compel property owners to keep their buildings in order. This should be through constant refurbishing and painting. President Mnangagwa said “Your Worship, Cde Mayor,…

COTTCO SET TO LAUNCH NEW SEED VARIETY IN ZIMBABWE

Posted on 13 May 2019 by Gambeta News

Zimbabwe Cotton Company (Cottco) plans to generate US$2 billion from new seed variety Deputy Minister of Lands, Agriculture, Climate and Rural Resettlement Cde Douglas Karoro, said that Zimbabwe cotton company (Cottco) is set to introduce a new seed variety. This new seed variety will help in boosting production from 140 000 tonnes to 504 000 tonnes per year. Likewise, generate US$2 billion to revenue from next year. The strategy comes from the recent announcement of…

CHINA TO PARTNER ZIMBABWE FOR CULTURAL CENTRE DEVELOPMENT

Posted on 2 May 20192 May 2019 by Gambeta News

China is keen on partnering with Zimbabwe to construct a cultural centre in Harare China is making plans to construct a cultural centre in Zimbabwe. The centre will house the two countries diverse cultures under the Belt and Road Initiative (BRI). The statement was announced during the five-day Belt and Road Afro-Sino Cultural Exchange exhibition at the National Art Gallery of Zimbabwe (NGZ) in Harare. Chinese Ambassador to Zimbabwe Guo Shaochun said ”We aim to…

ZIMBABWE TRADE TO INCREASE WITH BITC INVESTMENT

Posted on 30 April 20191 May 2019 by Gambeta News

Botswana Investment and Trade centre to increase trade with Zimbabwe from US$30 million to US$105 million. Trade is an important commodity when it comes to Economic growth. This is why the Botswana Investment and Trade centre (BITC) is targeting opportunities in Zimbabwe. BITC plans to increase trade with Zimbabwe from US$30 million to US$105 million by exporting lots of goods between both nations ( Botswana and Zimbabwe). This announcement by BITC chief operations officer came…

UGANDA PRESIDENT TO OFFICIATE IN ZIMBABWE 60TH INTERNATIONAL TRADE FAIR

Posted on 26 April 201926 April 2019 by Gambeta News

President Museveni in zimbabwe for trade fair officiating

President Museveni is in Zimbabwe to officiate the 60th International Trade Fair in Bulawayo. President Museveni is in Zimbabwe for a two-day visit after accepting an invitation from President Mnangagwa. The Uganda number one citizen is expected to officiate at the 60th Zimbabwe International Trade Fair in Bulawayo. I leave for a two days' working visit to Zimbabwe on the invitation of H.E Emmerson Dambudzo Mnangagwa. While there, I will officiate at the 60th Zimbabwe International Trade Fair…

ZERA TO REDUCE POWER OUTPUT IN ZIMBABWE

Posted on 18 April 2019 by Gambeta News

ZRA reduction of water allocated for electricity generation affecting both ZERA and ZESCO. Zimbabwe Energy Regulatory Authority (ZERA) to reduce the power output by 5.3 percent to 445 megawatt. After Zambezi River Authority (ZRA) cut the water allocation for electricity generation. ZRA reduce the water allocated for ZERA from 38 billion cubic metres to 36 billion cubic metres. The reduction of the water was at anchor power station, Kariba South which is river basin between Zambia and Zimbabwe. According…

ZIMBABWE’s CHILONGA BRIDGE REPAIR TO COST US$20M

Posted on 11 April 2019 by Gambeta News

Chilonga Bridge repair to cost US$20m after consultant working on the project said insufficient fund is holding it. Plans are underway to repair the Chilonga Bridge which was swept away during the Cyclone-Eline-induced floods in 2000. This is after the consultant working on the project unveil the repair amount to be US$20m. According to the consultant, RTGS$8 million availed by the Government is insufficient to complete the work. Meanwhile, resident has faced serious challenges especially when it comes…

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