Biggest Chinese bank ditches R43bn Zim coal power plant

Biggest Chinese bank ditches R43bn Zim coal power plant | Fin24 Ray Ndlovu and Antony Sguazzin 30/6/2021 Coal power station, as illustration (iStock) Industrial and Commercial Bank of China dumped a plan to finance a $3 billion (R43 billion) coal-fired power plant in Zimbabwe. This will deal a blow to coal developers in Africa. The …

Flower growers hold up Zimbabwe’s falling economy

Flower growers hold up Zimbabwe’s falling economy – NewsDay Zimbabwe 30/6/2021 On the outskirts of Zimbabwe’s capital Harare, Tilda Mahuni, a school dropout, forged an unlikely rags-to-riches story by growing flowers on a piece of land. Looking back on the eve of the World Micro, Small, and Medium-sized Enterprises Day, which is being observed on …

Juicing firm transforms communities

Juicing firm transforms communities    Herald 30/6/2021 Enacy Mapakame recently in Beitbridge  During the citrus season, Beitbridge Juicing Company (Pvt) Limited is a hive of activity with trucks offloading oranges for processing at the plant. But outside its core business, the company, located in Mabidi Village in Beitbridge District is bringing much-needed relief to the …

Pollution threatens lake’s birdlife

Pollution threatens lake’s birdlife Herald 30/6/2021   Ivan Zhakata-Herald Correspondent People from all over the country and the world come to observe different kinds of birds at Lake Chivero on the outskirts of Harare and other native habitats spread across the country. In Zimbabwe, as well as in other countries, birding is a multi-billion-dollar industry, …

Farmers suffer lockdown effects

Farmers suffer lockdown effects   Herald 30/6/2021  Mr Dhewa Business Writer Despite their activities having been designated as essential services since the start of Covid-19 induced lockdowns, farmers have not entirely been spared from the ravages of the pandemic, new research has revealed. In a research titled “Covid-19 impact on Zimbabwean agricultural supply chains and …

It’s game on at Tugwi-Mukosi

It’s game on at Tugwi-Mukosi   Herald 30/6/2021  Tugwi Mukosi Dam will create investment opportunities. Lovemore Chikova-Development Dialogue The completion of the Tugwi-Mukosi development master plan kicks off real work around the water reservoir, with the aim of fully exploiting the water reservoir’s economic potential. It will be like the re-awakening of a sleeping giant, …

Use Pfumvudza proceeds to buy inputs, farmers told

Use Pfumvudza proceeds to buy inputs, farmers told  Herald 30/6/2021   Deputy Minister Paradza Conrad Mupesa-Mashonaland West Bureau FARMERS should use proceeds generated from the sale of harvested Pfumvudza/Intwasa programme crops to buy inputs as a way of complementing the Government’s efforts to turn around the agricultural sector. Information, Publicity and Broadcasting Services Deputy Minister …

Sahwira Agric seeks US$20m to expand

Sahwira Agric seeks US$20m to expand  Herald 30/6/2021   Mr Mataranyika Business Reporter Sahwira Agriculture, a company that is chaired by businessman Mr Philip Mataranyika, is in the market to raise US$20 million amid plans to expand its commercial agriculture operations. The capital raise initiative is among a 2021 list of projects that have been …

Business hours cut in tighter lockdown

Business hours cut in tighter lockdown Herald 30/6/2021   President Mnangagwa announces a tighter Level 4 lockdown to combat the surge in Covid-19 infections at State House in Harare yesterday. Rumbidzayi Zinyuke-Senior Reporter An enhanced Level-Four national lockdown was imposed yesterday to combat the surge in Covid-19 infections, with the curfew extended from 6.30pm to …