Company News

Zimbabwean independent power producer, Oxygen Energy Private Limited, has secured an external grant of nearly $1 million for development of a 20 megawatt solar project on rooftops for buildings owned by Old Mutual.

Tianze, a subsidiary of China Tobacco International, started tobacco contract farming in Zimbabwe in 2005 with the sole purpose of helping revive the country’s tobacco output after the land grab.

Sino Hydro, a firm in china, has expressed interest in helping Zimbabwe's Harare City to upgrade its sewerage system and clean up the heavily polluted main water source Lake Chivero.

Chinese State-owned company, Sinohydro is courting Harare City Council to help it modernise and transform its sewerage system. Sinohydro also intends to clean up Lake Chivero to improve the city's water quality.

THE National Social Security Authority (Nssa) has injected US$20 million into fertiliser companies Windmill and Zimbabwe Fertiliser Company (ZFC) to boost production and meet demand for government's command agriculture programme, businessdigest has learnt.

A Chinese investor, Beijing Pinchang, is set to inject $100 million into Kamativi Tin Mine in Matabeleland North province in a deal that will see the company and the Zimbabwe Mining Development Corporation (ZMDC) jointly owning the entity, a cabinet Minister has said.

Zimbabwe's Local car assembler, Quest Motors, says they are almost closing. It has warned that it may be forced to shut down as the Reserve Bank of Zimbabwe's (RBZ) policies have made it impossible to pay suppliers of vehicle kits in Japan and China.