Zimbabwe Struggles With Energy Transition
By Talkmore Gandiwa
In the tranquil hours approaching midnight, Simbarashe lit a candlestick to study with his siblings at their home in Norton, 40 kilometers...
IFRS 17 compliance remains a challenge: IPEC
Talkmore Gandiwa
HARARE - The Insurance and Pensions Commission (Ipec) said insurance companies continue to face challenges in complying with the requirements of International Financial...
Contango Holdings Secures Investment for Zimbabwe Coal Project
HARARE - Contango Holdings Plc has announced a strategic financial boost for its Muchesu coal project in Zimbabwe, securing £1.58 million through a new...
MMCZ misses first half targets as low PGM prices weigh
HARARE - Zimbabwe's sole minerals marketing agent sold 1.9 million metric tonnes (mt) worth US$1.5 billion in the first half of 2024, falling short...
Prospect Resources exploring for lithium in Bikita Gem JV
HARARE - Prospect Resources says it executed a Joint Venture Earn-in Agreement in late May on the Bikita Gem Project.
This comes as the company...
Edgars Stores to open 16 new stores in F24
Itai Ndongwe
HARARE – Edgars Stores plans to open 16 new stores this year as it continues implementing its turnaround strategy following years of decline.
On...
Zim’s population projected to rise 39% to 21m by 2042: Zimstat
HARARE - Zimbabwe's population is projected to reach 21.2 million by 2042, indicating a 39.47% increase from the 2022 population of 15.2 million from...
GB Holdings turnover down 10% in 5 months to May
Ryan Chigoche
HARARE - General Beltings turnover in the five months to May dipped 10% to US$ 1.87 million from US$2.077 million posted in the...
Ahead of Starlink launch, TelOne partners Eutelsat OneWeb for high speed...
Itai Ndongwe
TelOne has announced a strategic agreement with British-based global low-earth orbit satellite communications network firm, Eutelsat OneWeb, for internet service to give Zimbabwean...
Zimplow revenue declines 20% in 5 months to May
Itai Ndongwe
HARARE - Zimplow Holdings Limited, a leading manufacturer and distributor of agricultural equipment and services, has reported a significant decline in revenue for...
Alleged Financier of Zanu PF Activist’s Campaign Exposed
Controversial businessman Simon Rudland, co-founder of Gold Leaf Tobacco, is at the center of a storm following allegations that he is financing Zanu PF...
FinSec CEO Tapfumaneyi elected CoSSE chair
HARARE - The Committee of SADC Stock Exchanges (CoSSE) has announced the appointment of Collen Tapfumaneyi, CEO of Financial Securities Exchange (FINSEC) as chairman...
Local currency code switches to ZWG from ZWL
HARARE - The country's international currency code has switched from ZiG to Zimbabwe Gold (ZWG), according to the Reserve Bank of Zimbabwe (RBZ).
Currency codes...
Israel bombed universities in Gaza
By Talkmore Gandiwa
The educational landscape of Gaza, once a beacon of hope amidst adversity, now lies shattered and smoldering. The echoes of destruction reverberate...
Namib Minerals in deal with Nasdaq-listed acquisition firm Hennessey
Namib Minerals (Namib) has forged a business combination with Nasdaq-listed Hennessey Capital Investment Corp VI (Hennessey) that will make the miner publicly traded.
The New...
Masimba’s order book at US$253m, in negotiations for 10-yr equipment supply...
HARARE – Masimba Holdings' revenue for the five months ended 31 May increased to US$24.7 million from US$16.5 million reported in the prior comparable...
Milk production rises 20% in five months to May
Talkmore Gandiwa
HARARE - The Ministry of Agriculture is set to source 200 in-calf heifers in a bid to increase genetics and milk production in...
Mash Holdings sees23% growth in revenue YTD
Ryan Chigoche
HARARE - Listed real estate property concern Mashonaland Holdings has reported a 23% surge in revenue in the five months to May 2024...
Afreximbank signs US$80m facility with CBZ Bank
The African Export-Import Bank signed a US$80 million facility with CBZ Bank in the Bahamas yesterday (June 12, 2024), to support trade financing for...
IMF Article IV mission in June to also look at ZiG...
Staff Writer
A team from the International Monetary Fund is expected in Zimbabwe later this month to conduct the annual Article IV Consultation mission. The...
