Chinese investors to establish US$2.8 bln battery metals park
Itai Ndongwe
Government has approved a proposal by Chinese investors to establish a US$2.83 billion battery-metals park that will process metals such as lithium, platinum, and nickel, as part of its latest effort to revive...
Contango sees increased inquiries for thermal coal at its Lubu coal project
HARARE - The London-listed company, Contango Holdings expects to deliver 10,000t of thermal coal and 10,000t of coking coal per month from its Hwange Lubu coal project, with plans to begin delivering thermal coal...
Zim platinum production up 6% in Q2: WPIC
The World Platinum Investment Council in its quarterly report says Zimbabwe platinum saw an increase of 6% to 124koz in the second quarter from 117koz in the first quarter.
Zimbabwe, the third largest producer of...
Invictus maps multiple drill-ready prospects at Mzarabani
HARARE - Invictus Energy has identified several drill-ready prospects in the expanded licence area of Zimbabwe's Cabora Bassa project.
This followed the acquisition of new seismic data from the CB21 survey, which uncovered high-potential prospects...
Treasury cuts bank charges of +US$1 000 to attract depositors
HARARE - Treasury has lowered the charge on cash withdrawals on amounts above US$1 000 to 1% following pressure from legislators.
In May President Mnangagwa announced a raft of measures that were meant to defend...
Zim signs US$100mn deal for construction of mega solar plant
Itai Ndongwe
HARARE - The government has signed a US$100 million deal for the construction of a 100-megawatt solar photovoltaic power plant with Evergreen Private Limited, which will see the unlocking of the potential the...
Govt launches US$30 mln Horticulture Export Revolving Fund
HARARE - The government has launched the US$30 million Horticulture Export Revolving Fund to spur agricultural growth and increase the value of agricultural output through value addition and beneficiation.
The funds are part of the...
Edgars introduces USD creditor book as high ZWL interests rates weigh on customer performance
Itai Ndongwe
HARARE - Edgars Stores Limited has introduced competitive price USD creditor accounts and USD loans through Club-Pls to mitigate against the effects of high interest rates on local currency account performance.
The RBZ raised...
UNCTAD and Commonwealth Secretariat cooperate on plastic pollution
The Commonwealth Secretariat and The United Nations Conference on Trade and Development (UNCTAD) signed a five year agreement to curb plastic pollution and promote ocean economy in line with the COP26 resolution of clean...
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Zimbabwe Sets Stage for Wheat Export Boom After Record Harvest
Itai Ndongwe
HARARE – Minister of Lands, Agriculture, Water, and Rural Development, Anxious Masuka, announced that Zimbabwe is actively exploring export markets for its wheat,...
