Companies

Powerspeed In Shock ZSE Exit

Powerspeed In Shock ZSE Exit

By Alois Vinga POWERSPEED Limited is exiting the Zimbabwe Stock Exchange (ZSE) due to limited capacity to unlock capital, lack of realistic valuation representation, and high compliance costs among other issues. The leading supplier of electrical, hardware and home improvement products announced the move in a recent circular. In the ...

Markets

Egypt Urges Zim Companies To Engage Global Business Community

Egypt Urges Zim Companies To Engage Global Business Community

By Makanaka Masenyama ZIMBABWEAN companies must engage the international community and create relations that foster economic growth, the Egyptian Ambassador to Zimbabwe Mahmoud Amer has said. In a television interview on the NewZimbabwe.com Business Brief programme Wednesday, Ambassador Amer said the southern African country had a lot of economic potential ...

Economy

Zimbabwe Importing 600MW to Cover Power Supply Gap

Zimbabwe Importing 600MW to Cover Power Supply Gap

Construction Review ZIMBABWE is currently importing up to 600MW of electricity from regional producers in order to cover the supply deficit, caused by subdued energy generation capacity mainly by aging thermal power stations. The country is currently producing an average of about 900MW electricity daily against a demand of between ...