RBZ, Bakers agree to lower the bread price

HARARE - The Reserve Bank of Zimbabwe (RBZ) says the price of bread is set to come down after reaching an agreement with the National Bakers Association of Zimbabwe, which will see its members...

Kuvimba Mining acquires Russian stake in GDI

HARARE - Kuvimba Mining House has concluded negotiations to acquire 50% of shares in Great Dyke Investments, which are held by Afromet Joint Stock Company. Afromet JSC is 100% owned by Russia’s  investment and industrial...

RBZ lifts Metbank forex trade suspension

Talkmore Gandiwa  Metropolitan Bank of Zimbabwe's suspension from trading in foreign currency has been lifted by the Reserve Bank of Zimbabwe. The bank's foreign currency dealership licence was suspended two months ago for breaching Exchange Control...
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Potraz launches revenue monitoring system

Itai Ndongwe HARARE - Zimbabwe's Postal and Telecommunications Regulatory Authority commissioned a US$19 million telecommunication traffic monitoring and revenue assurance system (TTMS) Monday, which will effectively monitor telecommunication traffic and provide accurate real-time data collection. The...
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European Investment Bank extends EUR 12.5 million facility to NMB Bank.

Talkmore Gandiwa NMB Bank on Wednesday signed a EUR 12.5 million-loan facility with the European Investment Bank (EIB) today. The facility will support business investment across export oriented sectors of the economy and exporting companies. The...

Tharisa to revise capital cost of US$250M Karo project

Staff Writer Tharisa says it may revise the capital cost of its $250 million Karo Platinum Project in Zimbabwe as the chrome and platinum group metals (PGM) producer faces inflationary pressures. Michelle Taylor, the company's chief...
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Mining sector confident of further growth

Davison Kaiyo The current economic upheaval that is currently prevailing in the local market will have minimal impact on the growth projections of the mining sector. This was said by the Chamber of Mines CEO Isaac...

Invictus to raise US$8.5m for drilling campaign

Itai Ndongwe Invictus Energy has launched a private placement to raise A$12 million (US$8.5 million) for drilling at its Mukuyu target in Zimbabwe. Invictus has an 80% interest in a project in Northern Zimbabwe’s Cabora Bassa...

Grow trees or face ban, tobacco farmers warned

Talkmore Gandiwa Zimbabwean tobacco farmers are at risk of being banned for endangering the environment resulting in climate change with calls for them to establish woodlots for curing their crops to continue with their activities. Most...
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Old Mutual assists National Blood Services

Itai Edwin Ndongwe The Zimbabwe Stock Exchange-listed life insurance company, Old Mutual Zimbabwe, has handed over US$15 000 to National Blood Services Zimbabwe for the development of a low-cost renewable solar energy system for the...