Mining sector equipment 50 years old; $11bln needed for revamp
ZIMBABWE’S mines require about $11 billion to revamp equipment for better efficiency in order to increase the sector’s contribution to...
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Hwange requires $500m capital injection
Africa Moyo Business Reporter Hwange Colliery Company Limited’s (HCCL) management is set to meet Mr Nicholas van Hoogstraten, one of...
Mining sector needs US$7bn
Livingstone Marufu ZIMBABWE’s mining companies need over US$7 billion to recapitalise their operations over the next five years to raise...
Harare seeks $650m for water revamp
From dailynews Harare City Council has said it requires $650 million for the rehabilitation of the city’s water distribution network. In an interview with the Daily News, director of water and acting town clerk Hosea Chisango said the network was in bad shape as most of the pipes were over 60-years-old. This comes as Korean firms and Zimbabwe Diaspora community have expressed interest in investing in the city’s water supply and distribution infrastructure. “We need to do a lot on the distribution network so that we cut down on the...
Zim spent just $2bn on infrastructure since 2009
From The Herald ZIMBABWE has spent nearly $2 billion, cumulatively, on critical infrastructure between 2009 and 2016 when it should...
