Daily Newsletter

US$1bn IPP power generation projects on cards

Business Reporter PILOT projects that will set the tone for the roll out of a standardised implementation agreement to accelerate energy generation projects worth US$1 billion by 27 independent power…

Unclaimed pension benefits surge

Sikhulekelani Moyo, mskhulekelani16@gmail.com  INSURANCE and Pensions Commission (Ipec) has revealed that unclaimed benefits in the pensions industry surged to US$10,18 million in the first nine months of 2024, marking a 69…

Zimbabwe receives bids for electricity storage facilities

Tapiwanashe Mangwiro, Harare Bureau Several international firms have submitted bids to construct three large-scale power facilities to store electricity generated during periods of low demand and then release it back…

Karo Mining Holdings inches towards securing $226 million

Nqobile Bhebhe, nqobile.bhebhe@chronicle.co.zwKARO Mining Holdings is in the advanced stages of securing US$226 million in debt funding to finalise the construction of its ambitious mining project in Zimbabwe.Additionally, the company…

Sabi Star power plant nears completion

Oliver Kazunga, Harare BureauThe construction of a 15-megawatt (MW) thermal power station by Sabi Star Lithium Mine is nearing completion, with commissioning expected during this quarter, a senior official has…

Zimbabwe receives bids for electricity storage facilities

Tapiwanashe Mangwiro,Harare BureauSeveral international firms have submitted bids to construct three large-scale power facilities to store electricity generated during periods of low demand and then release it back into the…

Fast food prices remain stable

Nokuthaba Brita Ncube, ncubenokuthababrita@gmail.com FAST food prices have remained remarkably stable despite the introduction of a new fast food tax, aimed at addressing rising concerns related to non-communicable diseases (NCDs).…

Diaspora remittances surge by 16,5pc

Sikhulekelani Moyo, mskhulekelani16@gmail.com  GOVERNMENT’S ongoing engagement with Zimbabweans in the diaspora is paying dividends, with remittances from abroad increasing by an impressive 16,5 percent in the first nine months of 2024…

Zim posts record gold production

Michael Tome Business Reporter The country’s gold production reached a record 36,48 tonnes in 2024, a 21 percent surge from 30,1 tonnes recorded in 2023, according to Fidelity Gold Refineries,…

Fuel prices to remain largely unchanged in January: ZERA

Tapiwanashe Mangwiro Senior Business Reporter The Zimbabwe Energy Regulatory Authority (ZERA) has said fuel prices for January 2025 will remain largely unchanged for petrol while cost of diesel was slashed…

Translate »