Potraz launches revenue monitoring system

Itai Ndongwe HARARE - Zimbabwe's Postal and Telecommunications Regulatory Authority commissioned a US$19 million telecommunication traffic monitoring and revenue assurance system (TTMS) Monday, which will...

European Investment Bank extends EUR 12.5 million facility to NMB Bank.

Talkmore Gandiwa NMB Bank on Wednesday signed a EUR 12.5 million-loan facility with the European Investment Bank (EIB) today. The facility will support business investment...

Tharisa to revise capital cost of US$250M Karo project

Staff Writer Tharisa says it may revise the capital cost of its $250 million Karo Platinum Project in Zimbabwe as the chrome and platinum group...

Mining sector confident of further growth

Davison Kaiyo The current economic upheaval that is currently prevailing in the local market will have minimal impact on the growth projections of the mining...

Invictus to raise US$8.5m for drilling campaign

Itai Ndongwe Invictus Energy has launched a private placement to raise A$12 million (US$8.5 million) for drilling at its Mukuyu target in Zimbabwe. Invictus has an...

Grow trees or face ban, tobacco farmers warned

Talkmore Gandiwa Zimbabwean tobacco farmers are at risk of being banned for endangering the environment resulting in climate change with calls for them to establish...

Old Mutual assists National Blood Services

Itai Edwin Ndongwe The Zimbabwe Stock Exchange-listed life insurance company, Old Mutual Zimbabwe, has handed over US$15 000 to National Blood Services Zimbabwe for the...

Zimplats Q1 production rises 6%

Itai Ndongwe HARARE – The Australian Stock Exchange-listed platinum group of metals (PGM) producer Zimplats Holding Limited says production increased by 6% for the first...

National Foods Q3 Volumes Marginally Up Amid Cost Pressures From Ukraine...

HARARE - Agro-industrial concern, National Foods Holdings Limited volumes for the three months to March, grew marginally at 3% compared to prior year at...

Invictus receives multiple farm-in offers for Cabora Bassa gas project

Itai Ndongwe HARARE - Invictus Energy (IVZ) has received multiple farm-in offers for its 80 percent-owned Cabora Bassa gas project in Zimbabwe. The company said of...

Galileo starts lithium exploration in Zim

Itai Ndongwe Galileo Resources PLC has started exploration work at the Kamativi lithium project and the Bulawayo gold project in Zimbabwe. Galileo Resources made its first foray into...

Zim finance executive on World Economic Forum top 100 list

Staff Writer African Risk Capacity Limited chief executive officer of  (ARC Ltd) Lesley Ndlovu has been named among the World Economic Forum’s Young Global Leader’s...

Comesa plans regional Agricultural Commodity Exchange centre

Plans are underway to establish a regional Agricultural Commodity Exchange Centre as part of the implementation of the 2021-2031 strategy for the Alliance for...

Lubi Coal production commences at 5 000t/month

Itai Ndongwe The London-listed natural resource development company, Contango Holdings Plc that is developing the Lubu Coking Coal Project in Zimbabwe, has commenced mining production...

Zimplats revenue down 13% to US$585 mln in H1

Staff Writer HARARE – Zimplats reported a 13% decline in revenue at US$585 million from US$674 million attributable to movements in commodity prices arising on...

Manufacturing sector capacity utilization marginally up as hurdles remain

HARARE –  Local manufacturing sector capacity utilization during fourth quarter (Q4) of 2021 marginally increased by a single percentage point to 66% from 65%...

Invictus Special Grant increased to 709 300ha, Govt to get...

HARARE - In order to increase the drilling programme success rate, Invictus Energy Limited’s subsidiary, Geo Associates Private Limited and the Sovereign Wealth Fund of...

TIMB rebrands to ensure sustainability

The Tobacco Industry Marketing Board has rebranded to ensure sustainable production and marketing of tobacco in Zimbabwe. TIMB Chief Executive, Meanwell Gudu said the rebranding...

PPC anticipates higher F22 sales growth spurred by Zim and Rwanda...

HARARE –  PPC Limited is expecting total group sales volume growth of between 4% and 8% year-on-year (YoY) to March 2022 largely sustained by...

Quality employment generation key to formalisation of economy

Tadiwa Musiyiwa Growth strategies and quality employment generation are key factors towards the formalisation of Zimbabwe’s economy. The informal sector contributes above 70% of the country’s...