Local, Regional and International News
In a Press statement yesterday, Chief Secretary to the President and Cabinet Dr Misheck Sibanda said President Mnangagwa appointed Ambassador Nicholas Kitikiti to the position of Deputy Chief Secretary in the Office of the President and Cabinet.
Mnangagwa also appointed Africom chairperson Mr Jacob Charles Wekwete as the head of the e-Government Unit. Read more
Zimbabwe’s telecoms sector generated revenue in excess of $1 billion and contributed 7,2 % to the country’s gross domestic product (GDP) in 2017, the industry regulator has said.
The telecommunications sector is now one of the fastest growing sectors in the economy, contributing 7,8% to national GDP in 2017. Read more
ZIMRE Property Investment (Zimre) has so far spent $9,2 million on its shopping mall in Victoria Falls which is now 65% complete.
Providing above 5 000 square metres of lettable space, the $13 million Sawanga Shopping Mall consists of 23 shops, banks, concept houses, food courts, restaurants, coffee shops, a service station and curio shops.
Zimre property manager, Stephen Kapfunde, told NewsDay in e-mailed responses that the mall would be operational by end of this month.
“The shopping mall is approximately at 65% completion and we expect the contractor to finish off most of the brickwork and to have the balance of the roof sheets on the mall in two weeks’ time from now,” Kapfunde said. Read more
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) announced that it is working to transform post offices around the country so that they offer e-commerce and e-government services.
Potraz said as a result people will be able to apply for passports, birth and death certificates as well as access other Government services at postal outlets. Read more
You can download his 2019 national budget speech by clicking here
President Mnangagwa will next week commission the construction of the $140 million New Parliament Building in Mt Hampden.
The new building is expected to house more than 600 people at any given time. China is funding the construction of the new building and has released $46 million for the project.
Briefing the media after yesterday’s Cabinet meeting, Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa said works on the project will commence soon. Read more
African Medallion Group owned by South African based Zimbabwean businessman Mr Frank Buyanga will avail a 500 million rand facility for the procurement and delivery of fuel, pharmaceuticals, cement, cooking oil and other commodities through a bonded infrastructure.
AMG chairperson Ms Estee Mamman wrote to RBZ Governor John Mangudya requesting for assistance with the procurement. In response, Mangudya advised AMG to directly approach the importers of the proposed commodities. Read more
DAR ES SALAAM. – Tanzania’s President John Magufuli said the government could buy up the country’s cashew nut stock after he fired two ministers and dissolved the industry regulator in a row over the price of the commodity.
Last month, President Magufuli ordered a 94 percent increase to cashew nut prices at the industry regulator’s auctions and fired the organisation’s head in moves he said were aimed at safeguarding farmers from unsustainably low prices. Read more
ZIMBABWE Stock Exchange-listed miner RioZim has resumed operations at three of its gold mines after reaching an agreement with Reserve Bank of Zimbabwe (RBZ) over foreign currency allocation.
RioZim temporarily closed Cam and Motor in Kadoma, Renco Mine in Masvingo and Dalny Mine in Chegutu last month citing shortage of foreign currency needed to import critical consumables and spare parts. Read more
The Minister of Transport and Infrastructural Development Joel Biggie Matiza says the government intends to engage investment partners for the recapitalisation of Air Zimbabwe.
The national carrier was recently placed under administration as it owes its creditors $377 million. The government has since assumed the debt and it is thought that this move would pave way for attracting an investment partner. Read more
