BUSINESS NEWS

Dutch firm blocked from purchasing Astra Industries parent company

A REGIONAL regulatory body has blocked Dutch paint and coatings firm, AkzoNobel N, from acquiring a stake in the Mauritian and South African subsidiaries of Japanese chemical firm, Kansai Paint Co Ltd...

By Staff reporter | Published: 12 September 2023

BUSINESS NEWS

'Sanctions to blame for outdated ICT infrastructure'

THE country requires robust state-of-the-art infrastructure for ICTs to be competitive in line with the global trends, Information Communication Technology and Courier Services Minister Kazembe Kazemb...

By Staff reporter | Published: 29 October 2019

BUSINESS NEWS

Govt to float infrastructure bond for Harare

The Government will soon float an infrastructure bond to raise funds for water, sewer, roads and other equipment for the City of Harare, a Cabinet minister said yesterday. The Harare City Council is s...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

'Multi-currency ban averted catastrophe'

ZIMBABWE'S shock move to abolish the multi-currency system last week helped the country avoid a potential "catastrophe", businessman Shingi Munyeza has said. The southern African country last week gaz...

By Staff reporter | Published: 05 July 2019

BUSINESS NEWS

Zimbabwe to float infrastructure bond

Government will float an infrastructure bond and turn to private-public partnership (PPPs) to raise funding amid revelation that at least US$14bn is required to rehabilitate Zimbabwe's infrastructure....

By Staff reporter | Published: 02 May 2019

BUSINESS NEWS

Zimbabwe seeks funds to improve power infrastructure

Zimbabwe requires $1,2 billion to finance new power projects and repair ageing infrastructure, a report by the African Development Bank (AfDB) has shown.Several of the country's thermal power stations...

By Staff reporter | Published: 02 December 2018

CONSTRUCTION & PROPERTY

Masimba foretells infrastructure boom, strong earnings

Masimba Holdings, a Zimbabwe Stock Exchange-listed contracting company, expects Zimbabwe's infrastructure sector to recover strongly in the outlook and drive its contracting business.CEO Canada Malung...

By Staff reporter | Published: 17 September 2018

INDUSTRIALS & ENERGY

Delta invests $3m into Bulawayo infrastructure projects

BEVERAGES maker, Delta Corporation, has invested close to $3 million in effluent and road upgrade projects in Bulawayo since 2016 as part of its community development initiatives. As one of the signif...

By Staff reporter | Published: 13 September 2018

OPINION

Infrastructure financing key for Zim's economy

Infrastructure is the backbone of economies throughout the universe. An efficient and well-maintained infrastructure is critical in sustaining an economy.Infrastructure is considered a key component o...

By Dephine Mazambani | Published: 19 July 2018

POLITICS

'Chamisa victory would be catastrophic for Zim'

A Nelson Chamisa victory in the July 30 elections would be catastrophic for Zimbabwe as the MDC Alliance candidate is an unstable and immature politician whose grasp of the country's political discour...

By Staff reporter | Published: 11 July 2018

BUSINESS NEWS

Zesa declares war on infrastructure vandalism

POWER utility company Zesa has embarked on a door to door inspection to check residents who are tampering and by-passing electricity pre-paid meters.The company said it was worried over the rising num...

By Staff reporter | Published: 08 July 2018

BUSINESS NEWS

Infrastructure stock rising due to Treasury Bills

Treasury Bills (TBs) have mostly been channelled towards infrastructure development and Government had managed to keep its borrowing under manageable levels, Finance and Economic Planning Minister Pat...

By Staff reporter | Published: 24 June 2018

BUSINESS NEWS

$8 billion for water infrastructure

Zimbabwe requires about US$8 billion to construct 37 major water infrastructure facilities, including dams and water purification structures to meet the increasing demands of the growing urban populat...

By Staff reporter | Published: 10 June 2018

BUSINESS NEWS

Zim lacks holistic infrastructural developmental capacity'

ZIMBABWE Institution of Engineers (ZIE) chief executive officer, Sanzan Diarra says the government on its own cannot tackle the country's infrastructural development challenges.Speaking to NewsDay yes...

By Staff reporter | Published: 07 June 2018

BUSINESS NEWS

Delta unveils $160k in infrastructure

DELTA Corporation has availed $160 000 towards infrastructure development in four schools in the southern region of the country as part of its corporate social responsibility.Corporate executive manag...

By Staff reporter | Published: 07 June 2018

BUSINESS NEWS

India to fund Zim's energy infrastructure projects

INDIA has pledged its commitment to financing Zimbabwe's energy infrastructure rehabilitation projects, which will see the country accessing millions of dollars from the Asian partner for power genera...

By Staff reporter | Published: 29 May 2018

ZIMBABWE

Boost for Zimbabwe infrastructure

Zimbabwe has received a massive infrastructure boost after the country last week became the nineteenth member state of the Africa Finance Corporation (AFC) - the continent's leading infrastructure dev...

By Staff reporter | Published: 28 May 2018

TELECOMS & TECHNOLOGY

China disburses $71m for ICT infrastructure development

Information Communication Technology and Cyber Security minister Supa Mandiwanzira has revealed that China has injected over $70 million towards development of the country's information, communication...

By Staff reporter | Published: 18 May 2018

BUSINESS NEWS

Astra eyes massive Govt housing project

THE country's sole accredited hydraform brick moulder, Bulawayo-based Astra Building Centre is targeting to play a big part in fulfilling Zanu-PF's aspirations of constructing 1,5 million houses in th...

By Staff reporter | Published: 13 May 2018

BUSINESS NEWS

Private sector urged to invest in infrastructure

The private sector should double its spending on infrastructure to overcome an investment gap given the government's decreasing ability to directly finance infrastructure, an official has said.Giving ...

By Staff reporter | Published: 25 April 2018

BUSINESS NEWS

'Councils have 40-year infrastructure gap'

LOCAL authorities have an infrastructure development gap of 40 years and require quick interventions to stimulate growth and improved service delivery, the Urban Councils' Association of Zimbabwe (UCA...

By Staff reporter | Published: 24 April 2018

POLITICS

'Expelling Khupe will be disastrous for Chamisa'

Expelling MDC vice president Thokozani Khupe could be disastrous for the opposition party ahead of the 2018 elections, analysts have warned.This comes as the opposition party's president, Nelson Chami...

By Staff reporter | Published: 12 March 2018

BUSINESS NEWS

'Africa faces $170bn infrastructure'

THE African Development Bank (AfDB) says the continent needs $170 billion to cover the infrastructure investment gap, calling for urgent measures to match Africa's growing population and youth unemplo...

By Staff reporter | Published: 12 March 2018

BUSINESS NEWS

Zim needs $1,5bn annually for infrastructure

Finance and Economic Planning Minister Patrick Chinamasa, has said Zimbabwe requires around $1,5 billion annually for infrastructure to kick start economic growth.This comes as the Government moves to...

By Staff reporter | Published: 06 February 2018

CONSTRUCTION & PROPERTY

Poor infrastructure hinders Zimbabwe growth

POOR infrastructure continues to be a serious impediment to inclusive growth in African economies, the African Development Bank (AfDB) has said.AfDB said this in its 2018 edition of the African Econom...

By Staff reporter | Published: 30 January 2018
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