- Local News
ED hopeful despite ZiG chaos
CLOUDINE MATOLA In his State of the Nation Address (SONA) yesterday, President Emmerson Mnangagwa expressed optimism in spite of economic devastation brought about by the free fall ofĀ Ā the local currency, the Zimbabwe Gold (ZiG), whose value plunged againstĀ all major currencies. Last Friday, the value of ZiG plunged by more than 40% on the formal market. It traded at ZWG24.3902:US$1 Ā from ZWG13.9987:US$1. Yesterday, ZIG further depreciated , closing at ZWG25.7588:US$1 on the formal market. On the…
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Drama, tension grips council meeting
KUDAKWASHE CHIBVURI Harare Mayor Jacob Mafume was involved in a public spat witnessed by councillors on Tuesday after Town Clerk, Engineer Hosea Chisango, who he had earlier on suspended turned up for duty and as per norm, sat next to him during a full council meeting. A visibly irate Mafume was seen arguing with Chisango before journalists the meeting were asked out not to witness the chaos. Chisango was suspended by Mafume over a litany…
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Zim Gas buoyant | Business Times
STAFF WRITER Gas exploration company, Zim Gas, is optimistic that it would successfully drill at least 10 wellsĀ in Zimbabweās Western region confident, beginning in the first quarter of next year, Business Times can report. The project, according to the company executives, hasĀ garnered huge interest from corporates including cash-rich diversified conglomerate, Innscor Africa Limited and one of leading retailers in Zimbabwe, Pick n Pay TM Supermarkets. The majority of businesses have indicated interest in…
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