Another Cresta managed hotel for Vic Falls as UCPF seeks US$2.9m
BULAWAYO – The Unified Councils Pension Fund is looking at raising US$2.9 million through private placement for the construction of a three-star hotel in Victoria Falls, which will be managed by Cresta Hotels.
The UCPF...
Zimbabwe’s Land Reform: A New Era of Security of Tenure for Farmers, Banks to...
HARARE (FinX) - In a landmark move aimed at revitalising the agricultural sector, the Zimbabwean government has announced significant reforms to enhance security of tenure for beneficiaries of the Land Reform Programme. This initiative,...
Mutashu pens a letter to Mthuli
Harare - The Confederation of Zimbabwe Retailers (CZR) has written to the government appealing for the swift implementation of the zero-rating of Value Added Tax (VAT) on essential goods, as approved by Cabinet.
The letter...
Cicada Solar secures US$10m facility
Cicada Solar, a leading provider of renewable energy solutions in Zimbabwe, secured a significant boost to its operations with a US$10 million long term financing from Facility for Energy Inclusion (FEI).
This strategic partnership will...
Supreme Court Rules in Favor of Competition Tariff Commission in Profeeds Merger Case
HARARE (FinX) - In a significant ruling, the Supreme Court of Zimbabwe has upheld the appeal of the Competition Tariff Commission (CTC) against a previous decision by the Administrative Court that allowed a controversial...
Tourism receipts rise 15% to US$252m in Q2
HARARE (FinX) - Tourism receipts are estimated to have increased by 15% to US$252 million in the second quarter of 2024 from US$220 million in the same period on 2023, mainly attributed to rising...
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, set at 30%, as they warned that the increase would...
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 koz a year of gold, a production level which would...
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 substantial investment has been crucial in driving the country's PGM...
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 Substances Act as well as the Customs and Excise Act,...
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Arcadia Pilot Plant 70% complete
Davison Kaiyo
HARARE– Australian listed company Prospect Resources, recently received subscriptions for approximately 41.9 million new ordinary shares at A$0.155 per share to raise A$6.5m...
