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...