Belarus extends US$7 million equipment facility to Allied Timbers

By ZBC Reporter STATE-OWNED timber processing firm, Allied Timbers will this year receive equipment worth seven million United States dollars from Belarus in line with its recapitalisation strategy. Allied Timbers,…

Machete gangs affect gold delivery

By ZBC Reporter The local mining sector is in distress amid reports that gold deliveries are under threat as the machete-wielding gangs are targeting both the miners and registered gold…

China GDP grew 6.1% in 2019, weakest in three decades

CHINA’s economy weakened to its slowest pace in three decades in 2019 as weaker domestic demand and trade tensions with the United States took their toll, official data showed Friday.…

Zim eyes improved tourist arrivals from Spain in 2020

By ZBC Reporter ZIMBABWE is expecting improved tourist arrivals from Spain and other European source markets this year as it intensifies marketing efforts through participating at the Fitur Tourism Expo…

In Seychelles, nature is prized above mass tourism

IN a shady patch along a pristine white beach on Mahe Island, a radio spits out reggae and snapper sizzles on the barbecue, as Seychelloise Nareen tops up her rum…

Germany investigates three over ‘spying for China’

GERMAN prosecutors on Wednesday said they were investigating three people who allegedly spied for China, with media reporting that a German former EU diplomat was among the suspects. “We can…

Muzarabani Oil and Gas project gets boost

By ZBC Reporter THE MUZARABANI Oil and Gas project has received a major boost after the intervention of the Office of the President and Cabinet (OPC) to expedite its implementation.…

China trade surplus with US dropped 8.5% to $296 bn in 2019

CHINA’s trade surplus with the United States narrowed last year as the world’s two biggest economies exchanged punitive tariffs in a bruising trade war, data showed Tuesday, just as the…

ZSE starts the week on a positive note

By ZBC Reporter Trading on the Zimbabwe Stock Exchange (ZSE) started the week on a positive note due to renewed investor interest on some listed counters. The all-share index surged…

Mining industry sets US$4billion target for 2020

By ZBC Reporter THE Minister of Mines and Mining Development, Cde Winston Chitando says mining sector operations are this year expected to contribute US$4 billion to the economy due to…