Banks sound alarm on latest currency measures, warn of liquidity crunch
HARARE (FinX) - The Bankers Association of Zimbabwe has said that the Reserve Bank of Zimbabwe should consider staggering the increase on statutory reserves,...
Bilboes potentially can be Zimbabwe’s biggest gold mine
MINING AFRICA REVIEW - A recently released Preliminary Economic Assessment (PEA) has confirmed that Caledonia Mining’s Bilboes project has the capacity to produce 150...
Zimplats has invested over US$12 bln in operations since 2003
Zimplats, Zimbabwe's largest platinum group metals (PGMs) producer, has invested over US$12 billion since FY2003 to expand and modernise its mining operations, and this...
Irked residents condemn gravel extraction on Warren Hills
Talkmore Gandiwa
On the top of a hill, bulldozers and caterpillars manoeuvre, slicing off chunks of the mountain’s remaining sections almost approaching an enormous concrete...
Zimbabwean Truck driver arrested for Smuggling bleaching creams in SA
Musina; South Africa - A Zimbabwean national Anolt Tafa, appeared before a South African Magistrate for charges of contravention of the Medicines and Related...
PowerTel seeks US$30 mln to expand regional footprint
Itai Ndongwe
HARARE - PowerTel is looking to expand its southern African footprint through a US$30 million investment, as it seeks to boost foreign currency...
Zambian Breweries launches Eagle Extra
LUSAKA, ZAMBIA – Eagle Extra is the new bold addition to Zambian Breweries’ Eagle beer portfolio.
Eagle Extra stands out as a well-crafted, distinct tasting beer...
Download: August milk production figures
Milk production Figures Jan-Aug 2024
HARARE - In the first eight months of this year, Zimbabwe produced 75.2 million litres of milk, a 19.3% increase from...
RBZ injects more US dollars into foreign currency market
Terrence Kurira
The Reserve Bank of Zimbabwe (RBZ) has injected a total of US$64 million into the interbank foreign exchange market to address pipeline demand...
Govt to launch multi-million dollar loan fund to formalise ASM sector
Itai Ndongwe/Pride Mzarabani
The Zimbabwean government is launching a critical push to revitalise its small-scale gold mining sector, with a $10 million investment aimed at...
Unilever seeks local distributor for products
HARARE (FinX) - British multinational Unilever says it is reviewing its route to market model in Zimbabwe by using a local partner to distribute...
Nestle to sell iconic Cremora brand, Harare ops to cease production
HARARE (FinX) - Nestlé East & Southern Africa Region (ESAR) has announced its decision to divest its NESTLÉ CREMORA business, a creamer brand that has been...
SECZim Issues New Directive for Enhanced Financial Disclosures
HARARE (FinX) – In a significant move to bolster transparency and accountability within the financial sector, the Securities & Exchange Commission of Zimbabwe (SECZim)...
First Capital Bank closes Harare St branch
Talkmore Gandiwa
HARARE - First Capital Bank has announced the closure of its Harare Street branch effective September 21, 2024.
This will be the second First...
RBZ tightens forex trade in new exchange control guidelines
Pride Mzarabani
HARARE - The Reserve Bank of Zimbabwe has issued Exchange Control Circular No. 3 of 2024 which seeks to tighten controls on foreign...
US Launches the Fifth Academy for Women Entrepreneurs
By Talkmore Gandiwa
The United States Embassy in Zimbabwe officially launched its 2024 Academy for Women Entrepreneurs (AWE), a program designed to support women in...
Nampak Zim in mixed revenue and volume performance in QJune
Pride Mzarabani
HARARE – Nampak Zimbabwe has released its trading update for the third quarter and nine months ended June 2024, revealing a complex landscape...
Aussie firm relinquishes Zim lithium projects
HARARE - MetalsGrove Mining Ltd has opted to relinquish its lithium projects in Zimbabwe after disappointing exploration results and weak market conditions.
MetalsGrove Mining is...
Tigere REIT Set to Enhance Value with Acquisition of Highland Park...
HARARE (FinX) – The Tigere Real Estate Investment Trust (REIT) has announced a strategic move to acquire Highland Park Phase 2, a premier shopping...
ERC Urges Mnangagwa to Adhere to Constitutional Term Limits
Harare- The Election Resource Centre Africa (ERC) has called on Zimbabwean President Emmerson Mnangagwa to adhere to the constitutional term limits and complete his...
