ZESA owed US$62m, ZW$17bn by defaulting customers
Itai Ndongwe
The state power utility ZESA Holdings says it is owed US$62 million and ZWL 17 billion by both individuals and commercial and industrial...
Zimplats sees increased costs after rise in mined tonnage in Q2...
Itai Ndongwe
HARARE - Zimplats, the country’s largest platinum miner, says its mined tonnage increased by 9% quarter-on-quarter and 4% year-on-year following the full recovery of...
EMA renews Invictus Energy’s EI assessment
Itai Ndongwe
HARARE - Invictus Energy (IVZ) has received environmental impact assessment (EIA) renewal approval from the Zimbabwe Environmental Management Agency (EMA) for the Cabora...
Ariston in mixed nine month performance as revenue grows 69%
Itai Ndongwe
Ariston Holding’s revenue for the nine-month period ended June 30, 2022, grew by 69% in historical terms compared to the prior comparative period,...
Harare Provincial Minister Oliver Chidawu dies
HARARE - Minister of State for Provincial Affairs and Devolution in Harare, Oliver Chidawu, has died.
He passed away this morning from a heart attack....
Govt to blacklist errant suppliers
HARARE - Government has warned that it will blacklist suppliers who are channeling payments they receive to the illegal foreign exchange market and is...
Cottco expects 27% reduced cotton intake to 85 000t
HARARE – Cottco Holdings says it expects reduced intake in the current season due to the late onset of the rains and the erratic...
Download: Milk Production data for H1 (Jan-June22)
Milk production Figures Jan-June 2022
Dairibord introduces baobab beverage
HARARE - Dairibord Zimbabwe Limited, a diversified manufacturer of milk, beverage and food products, has launched a baobab beverage under its Cascade brand ahead...
AfDB Group chief in Zimbabwe to get debt clearance plan underway
HARARE – African Development Bank Group President Dr Akinwumi Adesina arrived in Zimbabwe on Monday for a two-day official visit to the country.
Adesina accepted...
VFEX to roll out mobile trading platform end of this month
Staff Writer
HARARE- The Victoria Falls Stock Exchange (VFEX) will launch its mobile securities trading platform, VFEX-Direct, at the end of this month in a...
Invictus Energy almost triples Muzarabani prospective resource
HARARE - Invictus Energy (IVZ) has updated the prospective resource at the Mukuyu (Muzarabani) prospect within the Cabora Bassa project in Mashonaland Central.
The resource...
Gold coins to have PA status
HARARE - The gold coin that will be on sale to the public from July 25, 2022 will have prescribed asset status and institutional...
Lamba becomes first green tech billionaire in Africa
Staff Writer
HARARE - Electric Vehicle Company and green technology firm Agilitee Pvt Ltd is eying secondary listings in Europe and the United States of...
FMP sees 31% growth in property income on improved occupany
Edwell Chigangaidze
HARARE- First Mutual Properties net property income grew by 31% in the five months to May, largely driven by collection rate increase from...
Mnangagwa moves Marapira to Agriculture Ministry
By Staff Writer
President Emmerson Mnangagwa has with immediate effect appointed Minister Davis Marapira to the Ministry of Lands, Agriculture, Fisheries, Water and Rural Development....
IPEC sets deadline for dividend pay-out
By Talkmore Gandiwa
HARARE – The Insurance and Pension Commission (IPEC) has set 10 July 2022 as the deadline for eligible pensioners to withdraw their...
RBZ, Bakers agree to lower the bread price
HARARE - The Reserve Bank of Zimbabwe (RBZ) says the price of bread is set to come down after reaching an agreement with the...
Kuvimba Mining acquires Russian stake in GDI
HARARE - Kuvimba Mining House has concluded negotiations to acquire 50% of shares in Great Dyke Investments, which are held by Afromet Joint Stock...
RBZ lifts Metbank forex trade suspension
Talkmore Gandiwa
Metropolitan Bank of Zimbabwe's suspension from trading in foreign currency has been lifted by the Reserve Bank of Zimbabwe.
The bank's foreign currency dealership...
