Fuel price goes up again

Sikhulekelani Moyo, Business Reporter THE Zimbabwe Energy Regulatory Authority (Zera) has announced a latest jump in fuel prices effective Tuesday, 7 June 2022. In a public notice issued yesterday, the energy regulator pegged the new price for diesel 50 in local currency at $550,59 per litre up from $499,56 while that of petrol (E15) rose […] …
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Zimbabwe on high alert for monkey pox

Mashudu Netsianda, Online Reporter GOVERNMENT is on high alert following the outbreak monkeypox in 19 endemic and non-endemic countries within and outside Africa. As of May 29, 2022, a total of 257 laboratory confirmed cases and 120 suspected cases had been reported. Monkeypox is a rare viral zoonotic disease endemic to Central and West Africa. […] …
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European bank extends US$13m facility to NMB

BY MELODY CHIKONO THE European Investment Bank (EIB) has extended a EUR12,5 million (US$13,4 million) facility to NMB Bank as part of its private sector lending initiative for Zimbabwe. The seven-year facility to support business investment across Zimbabwe comes at a time when NMB Bank has been working on growing its agribusiness along with its […]
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Hip-hop Power sessions event gets new day

Angela Sibanda, Showbiz Reporter THE weekly Hip-Hop Power Sessions that have been taking place at the Red Café every Thursday will now take place on Fridays as the organisers seek to boost the event in order to promote the hip-hop scene in the city. Most shows are usually held on Fridays for a larger audience […] …
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Iron ore extends gains

In a positive sign, iron ore inventories at major ports plunged to their lowest levels for the year, reaching an eight-month low, according to Steelhome data. Iron ore topped up its biggest weekly gain in 13 weeks as traders tracked China’s moves to rein in Covid-19 restrictions that have weighed on steel demand this quarter. […]
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Battery export market charges Art Corporation

Dr Wushe Nelson Gahadza ART Corporation (ART) says the group remained resilient despite the challenges in the economy and registered moderate volume growth across its business units during the half-year ended March 31, 2022. ART is the holding company of a manufacturing group of businesses in Zimbabwe with distribution operations in Malawi, Zambia, Zimbabwe and […]
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Millers in US$22m grain scandal 

Source: Millers in US$22m grain scandal – NewsDay Zimbabwe Tafadzwa Musarara BY TAURAI MANGUDHLA ZIMBABWEAN millers are at the centre of a heated dispute involving a US$22 million grain purchase and supply tender deal in Malawi. The Grain Millers Association of Zimbabwe (GMAZ) reportedly signed the now-contested deal with Malawi’s Agricultural Development and Marketing Corporation […]
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