Cafca’s Q3 profits up 251% on sustained volume deman

Itai Ndongwe HARARE - CAFCA recorded a slight increase in volumes in the third quarter to June buoyed by sustained local and export demand. Tonnes sold...

Premier African Minerals receives US$18m as pre-payment for Zulu lithium project

Itai Ndongwe  Premier African Minerals has completed the definitive transaction documents for the marketing and prepayment agreement with Suzhou TA&A and has received approximately US$18.1...

BancABC partners TelOne on City Hopper Agency

Itai Ndongwe BancABC, the local banking subsidiary of pan-African Group Atlas Mara, has joined forces with Telone, one of the country's largest telecommunications players, to...

Invictus awarded 3 carbon offset projects as it kickstarts drilling project

Talkmore Gandiwa HARARE – Invictus energy is set to drill the Mukuyu second well by end of August, which is set to target 22 cubic...

Proplastics sitting on 76% USD sales at H1

Itai Ndongwe HARARE - Proplastics Limited says it has met its first-half target in US dollars terms, but it is falling short in local currency. CEO...

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....