Govt revives National Venture Capital Fund

By ZBC Reporter THE Government is operationalising the National Venture Capital Fund which will provide seed funding to start-up businesses across various sectors of the economy. In the 2020 national…

Foreign currency auction system stabilising the exchange rate

By ZBC Reporter THE Auction system is getting market confidence with the exchange rate of the Zimbabwe dollar to the United States dollar moving to just over 65 dollars following…

Expansion of RGM international airport still on course

By ZBC Reporter THE expansion of the Robert Mugabe International Airport is on course with hopes high that the project will be complete by the end of next year despite…

Forex auction system impacts positively on tobacco sales

By ZBC Reporter THE 2020 tobacco marketing season has reached its peak with prices firming and farmers now realising full value for their sweat, thanks to the Foreign Currency Auction…

PRAZ speaks on COVID-19 procurement procedures

By ZBC Reporter THE Public Procurement Authority of Zimbabwe (PRAZ) has given submissions to the parliamentary portfolio committee on the budget, finance, and economic development regarding the procurement of COVID-19…

Coal production anticipated to surpass target

By ZBC Reporter COAL mining has been identified as one of the sectors expected to contribute significantly to the target of a 12-billion-dollar mining industry by 2023. Current projections indicate…

Diamond stash to rake in millions

ZIMBABWE is set to unlock value from its diamond stockpile of over one million carats as COVID-19-induced lockdowns around the world continue to be eased and markets open up. The…

Raw Materials Dominating Forex allocation

BY ZBC Reporter Raw materials are dominating the allocation of foreign currency with US$7.2 million channelled towards this productive section, however, economic analysts have called on investors to explore the…

Thermal coal price up 15 percent

BY ZBC Reporter Thermal coal price has increased by 15 percent, about half of what the producers had asked for, a grouping of major Zimbabwe’s coal producers have said. The…

Boost for ZIMASCO as NRZ Commissions two locomotives

By Wellington Makonese THE NATIONAL Railways of Zimbabwe (NRZ) has commissioned two locomotives that will transport chromite from ZIMASCO in Mutorashanga to Beira in Mozambique. The move is expected to…