ZIMBABWE LOOKS TO ADDRESS FOREIGN CURRENCY SHORTAGE

ZIMBABWE LOOKS TO ADDRESS FOREIGN CURRENCY SHORTAGE

Zimbabwe’s mines minister seeks to address foreign currency shortage in the country. On Monday, 04 January 2019, Zimbabwe’s mines minister¬†Winston Chitando said, soon introduction of monetary policy tools will help address foreign currency shortage affecting mining companies. Lack of funds in the economy, has hurt mining companies including the Zimbabwe’s gold miner Riozim; Who closed three of its mines last year. Minister Winston Chitando said in a presentation during a mining conference that; one major…

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CONSTRUCTION OF SEMWA DAM RESUME IN ZIMBABWE

CONSTRUCTION OF SEMWA DAM RESUME IN ZIMBABWE

Semwa Dam construction resume after the project was included in Zimbabwe 2019 budget. Construction of the Semwa dam is set to resume in Zimbabwe after funds were provided. The project which kick-off in 2014 was originally set for completion in three years time but had financial issues. According to report, the dam will provide irrigation water sufficient to irrigate 12,000 hectares in the two districts. It will also provide water for domestic use at the…

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