Positive Development
David Whitehead Textiles Revival Signals Resurgence of Zimbabwe’s Textile Industry
The revitalization of David Whitehead Textiles, a key player in Zimbabwe’s textile sector, marks a significant milestone in the country’s broader economic recovery strategy. With a US$20 million capital injection from Agri Value Chain Zimbabwe (AVCZ), the company has transitioned from near collapse to operating at 60 percent capacity, underscoring the potential of value chain […]
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President Mnangagwa Launches Presidential Youth Empowerment Scheme to Boost Youth Participation in Economic Development
President Emmerson Mnangagwa has officially launched the Presidential Youth Empowerment Scheme under the theme “Fuel Youth: Ignite the Future” at the Harare International Conference Centre (HICC). The initiative underscores the government’s commitment to youth development and economic empowerment, aligning with Zimbabwe’s Vision 2030. Addressing attendees, the President emphasized that the scheme was shaped by engagements […]
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US$2 Million Presidential Youth Empowerment Scheme Launched
By Godfrey Bonda Harare – His Excellency, President Dr. Emmerson Dambudzo Mnangagwa, officially launched the Presidential Youth Empowerment Scheme yesterday. The launch was held under the theme: “Under the theme: Fuel the Youth and Ignite the Future.” President Mnangagwa emphasized that his administration is a listening government committed to delivering on its promises. “It is […]
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Government Kicks Off Rehabilitation of Murambinda-Birchenough Bridge Road
The government has initiated the rehabilitation of the Murambinda-Birchenough Bridge Road, marking a significant step in the Second Republic’s efforts to modernize the country’s road network. The 120-kilometer stretch is now under construction, with the contractor already on site working on the first phase of the project. Residents have welcomed the development, citing the challenges […]
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President’s Vision for Zim’s Industrial Future Takes Shape with $3.6B Energy Park Project
President Emmerson Mnangagwa launched the US$3.6 billion Palm River Energy Metallurgical Special Economic Zone and Industrial Park in Beitbridge, marking a major milestone in Zimbabwe’s industrialization drive under the Second Republic. The ambitious project includes a coking plant with an annual one-million-tonne coke production capacity, a ferrochrome smelting plant producing 100,000 tonnes of high-carbon ferrochrome, […]
Read More President Unveils US$3.6B Palm River Energy Industrial Park
President Emmerson Mnangagwa presided over the groundbreaking ceremony of the Palm River Energy Industrial Park in Beitbridge on 24 February 2025, marking the launch of one of Zimbabwe’s most ambitious industrial projects. With a US$3.6 billion investment, the project will be developed in two phases, starting with an initial US$237 million injection in the first […]
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Invictus Energy Advances Zimbabwe Gas Project Amid Strategic Investments
Invictus Energy Ltd has made significant progress in its Cabora Bassa oil and gas exploration project, marking a transition from an explorer to a developer following a major gas-condensate discovery at the Mukuyu field. The company’s latest quarterly update highlights key developments in regulatory approvals, drilling plans, and financing, all pointing to the potential transformation […]
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A Boost for the Economy as Zimbabwe Attracts Over US$1 Billion in Investments
Zimbabwe’s economy has received a major boost, attracting investments exceeding US$1 billion during the third quarter of 2024, with the mining sector leading the charge. This impressive capital inflow is a testament to the business-friendly policies introduced by President Mnangagwa’s government, which are restoring confidence among both local and international investors. According to a report […]
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Varsity Heights: A Milestone in Zimbabwe’s Educational and Economic Progress
The recent commissioning of Varsity Heights at Chinhoyi University of Technology (CUT) represents a significant step forward for Zimbabwe, reflecting the nation’s commitment to advancing education and infrastructure development. The project, made possible through collaboration between the Public Service Pension Fund and other stakeholders, underscores the importance of public-private partnerships in addressing national challenges. Varsity […]
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Joy as Beitbridge-Bulawayo-Victoria Falls Road Rehabilitation Resumes
Bulawayo, Zimbabwe – In a major boost for Zimbabwe’s infrastructure, the government has resumed works on the Beitbridge-Bulawayo-Victoria Falls Road, partnering with Bitumen World to rehabilitate and upgrade this vital route. The project, presented by Minister of Transport and Infrastructure Development, Cde Felix Mhona, operates under a Design, Build, Operate, and Transfer (DBOT) contract, ensuring […]
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