This means that a 1% depreciation could cause the fiscal deficit to widen by about US$20,68 million.

Several of ACZ’s shuttles are now 100% EVs, according to public relations and communications manager Tonderai Mangombe.

Hawkins also said policies should be made known and explained to people so that they are aware of what they stand for and how they should be implemented

So far, US$20 million lines of credit have been secured from the regional lender, according to FCB chief executive officer Tapera Mushoriwa.

Currently, the mining industry is being negatively affected by declining mineral prices, power cuts and foreign currency shortages.

Demand surged as a result, and some stores profited from the situation by stockpiling the product to resell for between US$18 and US$20 per bag.

The country adopted the use of multi-currency in 2009 after the collapse of the Zimbabwe dollar, following a bout of the world’s second highest inflation on record to date.

While the KCL’s plants have since come back online, cement prices still remain high.

Zimbabwe is in a debt distress situation, which has seen it struggling to attract fresh lines of credit at concessional terms.

Varun sells and distributes products from the American multinational food, snack.

Over the past few years, government unveiled a bold ambition to make the mining industry an export business worth US$12 billion by the end of 2023.

MMCZ acting general manager Nomsa Moyo told businessdigest that they had started investing in drone technology.

He said some of the prices that went up on announcement of the budget will not come down now that the minister is reversing tax increases.