Business

IMF forecasts 2,4% growth for Zim economy

The International Monetary Fund (IMF) says it expects Zimbabwe’s economy to grow by 2,4 percent with further growth projected after the country’s elections to be held in July or August this year. ...Read More

Zim small-scale miners boost gold production

Small-scale gold miners produced 4,264 killogrammes of gold compared to primary gold producers who produced 3,044 killogrammes in the first quarter of the year, a development that shows that small scale miners play a major role towards the country’s gold output. ...Read More

China’s Tsingshan targets US$4 billion plant for Zim

Kuda Bwititi The world’s largest producer of stainless steel, Tsingshan Steel of China, is angling to set up a US$4 billion plant in Zimbabwe in what could become the largest stainless steel processing plant in Africa. Tsingshan is already operating in Zimbabwe through its chrome mining concern, Afro Chine, but it now plans to expand operations after its chairman Xiang Guangda met President Emmerson Mnangagwa during the latter’s state visit to China recently. ...Read More

SADC’s electricity tariff nightmare

Windhoek – Southern African Community Development (SADC) citizens will continue being subjected to high electricity tariffs for years to come unless the region collectively comes up with a cheaper electricity solution. ...Read More

Mandela coins on the market

On Monday this week, South African Mint announced that it had officially launched two new coins which pay tribute to the country’s founding president, the late Nelson Mandela. ...Read More

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