Read more about the article High Costs and Low Returns Killed Gairezi Hydro Deal — Chivhayo
"The financial model struggled to meet the threshold." — Wicknell Chivhayo defends the stalled Gairezi project following criticism from MP Supa Mandiwanzira regarding the lack of jobs and electricity for the Nyanga community.

High Costs and Low Returns Killed Gairezi Hydro Deal — Chivhayo

HARARE, Zimbabwe — Businessman Wicknell Chivhayo has dismissed claims that his firm was responsible for the failure of a multimillion-dollar hydroelectric project in Nyanga, citing "bankability" issues rather than mismanagement.…

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Read more about the article IMF says Zimbabwe’s 2025 rebound stronger than expected
The International Monetary Fund (IMF) logo at a meeting in 2018. Image: REUTERS/Johannes P. Christo/File Photo

IMF says Zimbabwe’s 2025 rebound stronger than expected

HARARE, Zimbabwe — Zimbabwe’s economy is rebounding faster than expected in 2025, supported by a recovery in agriculture, solid mining performance and easing inflation under a stable exchange rate, the…

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Read more about the article IMF projects 6% growth for Zimbabwe, topping Southern Africa forecasts
The International Monetary Fund (IMF) logo at a meeting in 2018. Image: REUTERS/Johannes P. Christo/File Photo

IMF projects 6% growth for Zimbabwe, topping Southern Africa forecasts

WASHINGTON — Zimbabwe is expected to be Southern Africa’s fastest-growing economy in 2025, with gross domestic product projected to expand by 6%, according to new figures released at the IMF–World…

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