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Wednesday, June 19, 2019
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From festivals in Florida to touring Dracula’s digs in Romania, we round up the best destinations to visit this October. As summer abandons Europe again this October, eke out the last of the rays and raves in Ibiza, where nightclubs will be going out with a bang for the winter break. When the party finally stops head to the island’s north.

Load shedding boon for solar companies

LIVINGSTONE MARUFU “FAIR is foul and foul is fair”, wrote William Shakespeare in one of his plays in the book Macbeth. Shakespeare uses that phrase to show...

Rolling blackouts costs Zim’s economy $2bn

PHILLIMON MHLANGA The mining sector has engaged ZESA for it to be prioritised when the power utility rolls out its load shedding programme amid revelations...

Govt in fix over fuel subsidy

STAFF WRITERS Government’s subsidies on fuel imports which have seen the central bank allocating the scarce foreign currency to the petroleum industry at par with the...

NMB stockpiles Govt commercial paper

PHILLIMON MHLANGA NMBZ Holdings has increased its portfolio of Treasury Bills (TBs) by 27,1% during the year to December 31,2018 to US$117,2m. In 2017, the group’s TBs holding...

Brace for crippling power cuts

PHILLIMON MHLANGA The country’s integrated power generation and supply company ZESA Holdings is set to implement a painful load-shedding for the first time in nearly...

ZESA turns to whistleblowers

…As vandalism and theft cost the utility $9m annually PHILLIMON MHLANGA ZESA Holdings has set up a whistleblower programme to help flush out ruffians damaging its...

LCs delayed maturities affecting fuel supplies: Magombo

 Staff Writer Government says the fuel shortages, which have resurfaced in recent weeks were mainly due to the delays in the processing of Letters of...

Govt scraps fuel rebate

Tinashe Makichi The government has scrapped the rebate on fuel following the movement in the exchange rate.  The Reserve Bank of Zimbabwe (RBZ) devalued electronic balances...

Global energy firm applies for SEZ permit

Tinashe Makichi Multinational electricity generating company, Green Rhino Energy has applied for a Special Economic Zones permit following completion of some preliminary works at its...

Zimbabwe’s power sector requires US$8bln

PHILLIMON MHLANGA HARARE-At least US$8 billion is required to rehabilitate Zimbabwe’s   dilapidated energy infrastructure which has been described as a major impediment to development.  Energy and...