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Ethiopia now supplies 11 percent of the electricity consumed by Kenyans daily, growing the Horn of Africa country’s stake in local power supply. Data from Kenya Power shows imports from Ethiopia Electric Power beat supply from thermal generators and solar to emerge as the fourth largest source of power supply. Geothermal retained its lead as […]
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Tapiwanashe Mangwiro Senior Business Reporter Zimbabwe Stock Exchange (ZSE) listed diversified agricultural concern, CFI Holdings, registered strong growth in sales volumes across key revenue drivers in the first quarter to December 31, 2023. In the retail division, key revenue drivers experienced marked growth in sales volumes, after seeing a 16 percent jump to 21 453 […]
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With Liverpool in League Cup final action against Chelsea tomorrow, the chasing pack have a chance to close the gap on the Premier League leaders. Manchester City can move within one point of Jurgen Klopp’s team if they win their game in hand at Bournemouth, while Arsenal must beat Newcastle to stay in touch with […]
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Walter Nyamukondiwa Mashonaland West Bureau Chief Fire has gutted at least eight market stalls at Chegutu Bus Terminus, destroying wares including electrical and mining equipment worth nearly US$50 000. The cause of the fire, which broke out at around midnight on Tuesday, has not yet been established. Devastated stall holders who had mining tools, electrical and […]
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Yeukai Karengezeka Court Correspondent A local fuel company, Elima Fuels, which was selling substandard fuel that did not meet the minimum requirements of the Zimbabwe Energy Regulatory Authority (ZERA) was recently fined US$600 by a Harare Magistrate, Mrs Ruth Moyo. The complainant was ZERA, represented by Shakespear Kunaka who is employed as a fuel quality […]
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Chinese President Xi Jinping exchanged congratulations on Thursday with President Denis Sassou Nguesso of the Republic of the Congo on the 60th anniversary of diplomatic relations, and vowed to join Sassou in promoting the strategic partnership of the two sides. The friendship between China and the Republic of the Congo has stood the test of […]
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Nigeria’s unemployment rate increased to 5 percent in the third quarter of 2023 from 4,2 recorded in the second quarter of 2023, according to the National Bureau of Statistics. This information was disclosed in the Nigeria Labour Force Survey (NLFS) report for the third quarter of 2023, released on Monday. Per the NBS, this rate […]
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Chinese President Xi Jinping stressed on Monday that the capability of land resources should be enhanced to ensure the high-quality development of regions which enjoy competitive strengths, and that the grassroots emergency management capacity should be further improved. Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the […]
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Curtworth Masango-Sports Reporter TelOne unveiled eight new players on Saturday night when they held a fundraising dinner in Gweru. The club unveiled Matripples Muleya and Eriya Mafirenyika from Triangle, Polyester Shoko from Sheasham, Hughe Chikosa from Simba Bhora, Aubrey Nyandoro and Lloyd Gwerina from ZPC Munyati, Admire Dzumbunu from MWOS, and Washington Navaya from Highlanders. […]
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Enacy Mapakame National Tyre Services (NTS) performance for the third quarter to December 31, 2023 remained resilient with the company registering volume growth despite the obtaining challenging operating environment. NTS experienced a host of challenges during the period under review including exchange rate volatility, which has a knock-on effect on price competitiveness in the market. […]
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Nqobile Bhebhe-Bulawayo Bureau A wholly owned Zimbabwean company working on renewable energy projects — Optate Africa intends to set up a 200-megawatt (MW) wind power plant in Mayobodo, Mangwe, in Plumtree and has sought a 25-year lease from Mangwe Rural District Council for 100 hectares of land to set up the plant. The project to […]
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Over the recent past, Zimbabwe has experienced a steady but promising shift in its economic scenery, which shines a light of hope through investment opportunities from diverse sectors.
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Farirai Machivenyika Senior Reporter Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube has said his ministry is open to proposals that will improve the value for money audit meant to ensure that Government get fair returns in its procurement process. Prof Ncube said this in the National Assembly on Tuesday after Murehwa West […]
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Curtworth Masango-Sports Reporter Zimbabwe badminton sensation Thabani Mathe yesterday left the country for Cairo, Egypt to participate in the All Africa Senior Championships. The games run between tomorrow and Sunday and Mathe is expected to then fly to Uganda for the Uganda International from February 21 to 26 before returning to Zimbabwe. He will be […]
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PRIVATE healthcare institution, Corporate 24, has pledged to provide free emergency health services this month targeting members of the public in Bulawayo and Harare in a bid to reduce costs and complications related to delays in seeking medical attention. In rolling out the project, the hospital has partnered with ambulance service providers such as MARS, […]