Zent takes a step into the region
Itai Ndongwe
Zesa Enterprises (Zent) plans to expand its transformer export market in the region
This comes after signing a deal with the biggest steel company Dinson Steel and Iron which is meant to boast its...
Palestine condemns Israel’s provocations against the Holy Sites
Talkmore Gandiwa
Amid a situation in a downward spiral, marked by an increase in violence across the Occupied Palestinian Territory, the State of Palestine has condemned the continued incursions by extremist Israeli settlers into Jerusalem’s...
Karo starts open pit pilot mining at Great Dyke platinum project
HARARE -Karo Mining, a subsidiary of JSE and London-listed Tharisa Mining plc, confirmed that its mining project is on track with the first plant concrete pour finished in June of this year and open...
Invictus Energy makes progress on Mukuyu-2 well
Itai Ndongwe
Invictus Energy Limited says the Exalo Rig 202 drilled the 17 1/2 surface hole section down to a depth of approximately 496m Measured Depth ("MD") on the Mukuyu-2 well at its 80% owned...
Milk production rises 7% in eight months to Aug (DOWNLOAD)
Milk production increased 6.83% in the eight months to August to 63.05 million litres from 59.02 million in the comparable year ago period, latest figures from the Ministry of Agriculture show.
Month on month, output...
Guvamatanga clarifies Mutapa Investment Fund’s key exemption
Ryan Chigoche
HARARE - Finance Permanent Secretary George Guvamatanga has said that the general notice in the Government Gazette last week on the exemption of the Mutapa Investment Fund from the Public Procurement Act only...
Struggling Nampak raises R1 bln from shareholders
HARARE (FinX) - Packaging manufacturer Nampak Limited, which is struggling under a huge debt weight, has raised R1 billion from its shareholders after its rights offer was oversubscribed.
The successful capital raise will enable the...
Over US$800m set aside for summer cropping season
Talkmore Gandiwa
Government has set aside over US$600 million for the 2023/24 farming season while the Bankers Association of Zimbabwe has committed $68 billion and US$160 million.
In his post-Cabinet briefing this afternoon, Information Minister Dr...
Govt accused of concealing key documents in ongoing Katsimberis trial
HARARE - Property developer and Greek businessman George Katsimberis has accused the State of withholding documents that will exonerate him in a case where he is accused of fraudulently securing a building plan.
Katsimberis revealed...
ZimAlloys doubles concentrates exports in October
Itai Ndongwe
HARARE – Zimbabwe Alloys (ZimAlloys), the country's largest holder of high grade chrome resource, expects to restart the smelting operation of its furnaces within the next two weeks.
The company, which is a...
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Bread production capacity now below 50% as flour supply constraints remain
FARAI MABEZA
HARARE – Bread production capacity has dropped to below 50 percent over the last months due to erratic wheat and flour supplies.
This has...
