Monthly Archives: May 2023

 

Zimbabwe’s Gold-Backed Digital Currency Hopes to Stem Devaluation

Source: Zimbabwe’s Gold-Backed Digital Currency Hopes to Stem Devaluation Zimbabwe’s central bank on May 8 launched a gold-backed digital currency it hopes will reduce the demand for US dollars and the devaluation of the Zimbabwe dollar. But analysts say the government-controlled foreign-exchange market is fueling the problem. Columbus Mavhunga reports from Harare, Zimbabwe. Camera: Blessing […] …
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Steel giant hires 1 400 workers

Patrick Chitumba patrick.chitumba@chronicle.co.zw GIANT CHINESE investor, Dinson Iron and Steel Company (Disco), has increased the workforce at its Manhize steel plant construction site in Mvuma to 1 400 as it pushes to meet the December 2023 deadline for the commencement of production. Disco is a subsidiary of Tsingshan Holdings, the world’s largest stainless-steel producer, which […] …
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Victoria Falls Hospital upgrade expected to start soon

Leonard Ncube  leonard.ncube@chronicle.co.zw  Work to upgrade Victoria Falls Hospital in Matabeleland North from a 40-bed hospital to a state-of- the art health facility with more than 250 beds, is expected to start soon. Victoria Falls City, the country’s tourism capital, was conferred with city status in 2019 hence the Government’s decision to upgrade the city’s […] …
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The beauty of African culture shared in 4 pieces

Mthulisi Tjibale Ncube For many people, writing one page may seem a mammoth task, yet for author, Witness Timothy Hadebe, writing and publishing four books was a challenge well accepted and a task well executed. The Zimbabwe Academy of Music in Bulawayo was alive with excitement last weekend as book lovers gathered for the launch […] …
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Troubled Telecel seeks corporate rescue

Nqobile Bhebhe  nqobile.bhebhe@chronicle.co.zw  LEGAL proceedings that could place troubled mobile operator Telecel Zimbabwe, the smallest of the three mobile phone operators in the country under corporate rescue, a form of bankruptcy protection due to serious financial distress, have begun. Communication and Allied Service Workers Union of Zimbabwe application lodged in October last year triggered the […] …
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Sheasham hold ground…’We are not moved’

Innocent Kurira  kuriralnnocent@gmail.com SHEASHAM FC insists it will continue to use its home ground, Bata Stadium, as the team was given the nod by Zifa’s First Instant Body (FIB), which said the team was only left with minor adjustments to the medical centre, a few paintings and installation of concrete terraces.  The Castle Lager Premiership […] …
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