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EcoCash Transfers Exceed U.S.$4 Billion

Econet Wireless’ mobile money transfer service EcoCash has handled over $4 billion since inception in 2011. Group chief executive Mr Douglas Mboweni told Parliamentarians during a familiarisation tour of the mobile phone company’s operations yesterday that EcoCash service now boasts 3,5 million mobile money transfer...
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ZPC Identifies Three Sites for Power Generation

THE Zimbabwe Power Company has identified three sites as suitable for future hydro, thermal and solar power stations. The possible locations are Devil’s Gorge Hydro Electricity Scheme along Zambezi River, upstream of Lake Kariba. Studies have shown that about 620 megawatts can be generated at...
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Govt to Reorganise Diamond Production

GOVERNMENT has decided that diamond mining remains an exclusive responsibility of the State, with the resource getting exploited on parameters of strict accountability, the President has said. Speaking on Wednesday to officials and buyers of the Dubai Diamond Exchange in the UAE commercial hub, Dubai,...
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U.S.$100 Million Tender Documents Vanish

Tender documents with telephone digitalisation system designs disappeared from the State Procurement Board after seven international firms had been shortlisted for the US$100 million project.Information at hand shows that the documents disappeared in 2001 and police are still to make headway in how the mega...
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Kariba Dam and Zim Disaster Preparedness

COULD fears of the imminent collapse of the more than five-decade-old Kariba Dam on the Zambezi river between Zimbabwe and Zambia spur Zimbabwe into more effective disaster preparedness? In early March, engineers at a conference organized by the Zambezi River Authority (ZRA, a Zambia-Zimbabwe organization...
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Brick Maker Willdale to Raise U.S.$3 Million

LISTED brick maker, Willdale yesterday announced that it will embark on a rights issue to raise US$3,25 million. The amount will be in the form of 10 percent semi-annual redeemable convertible cumulative share. The company, last year said it wanted to raise US$8 million if...
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