Business

Zimbabwe Stock Exchange-listed paramount coal mining concern, Hwange Colliery Company is set to boost production volumes in the second half of 2019 more through increased funding to core mining business.

The Zimbabwe Energy Regulatory Authority (Zera) has dismissed as a hoax, a notice circulating on social media to the effect that the maximum pump price for diesel has gone up from $15,64 to $18,25 and petrol to $17,86 from $14,97.

Zimbabwean businessman and Econet Wireless founder Mr Strive Masiyiwa has called for a genuine reform of policies and stronger accountability mechanisms if corruption has to be defeated in Africa.

Zimbabwe hiked its average electricity tariff by 320% on Wednesday to ramp up power supplies at a time of daily blackouts, but the move will anger consumers already grappling with soaring inflation that is eroding their earnings.

The Reserve Bank of Zimbabwe (RBZ) says it has no plans to tamper with depositors’ foreign currency accounts.