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Zimbabwe: USD$1.5 Billion Hwange Expansion Project Well on Course – ZESA

The Zimbabwe Power Company (ZPC), says that the USD$1.5 billion Hwange Expansion project – Unit 7 and 8 is going according to schedule and will add 600MW to the national grid upon completion in 2022. The statement reads: The USD$1.5 billion Hwange Expansion project – Unit 7 and 8, commenced on 1 August 2018. To […]

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Zimbabwe: Chamisa Says He Will Not Tell People to Demonstrate

MDC president, Nelson Chamisa, said that Zimbabweans do not need him to call for a demonstration against the continued deterioration in the country’s economy. Speaking to the Daily News on Sunday, Chamisa said: People don’t need Chamisa to tell them that the situation at home is unbearable. People don’t need Chamisa to tell them that […]

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Zimbabweans Can’t Afford to Drown Their Sorrows in Booze Anymore

Zimbabweans can no longer afford to drown their sorrows in beer as the product is now priced beyond their reach, the country’s biggest alcohol brewer Delta said on Wednesday. Delta, which has AB Inbev as its major shareholder, said beer volumes for the three months to June were down 57%, with high prices the biggest […]

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Zimbabwe: Introduction of Zimdollar to Sink Economy, Say Analysts

The decision by government this week to abolish the multi-currency regime and re-introduce the Zimbabwean dollar as the sole legal tender could be catastrophic as the local currency’s value may tumble against major currencies, plunging the country into hyperinflation. While some captains of industry and analysts welcomed the move, others were sceptical and critical. The […]