Sectors

Companies

Zimplats’s Production Plummets ,but Firm Prices Boost Profitability

Zimbabwe's largest corporate entity, Zimbabwe Platinum (Zimplats), a subsidiary of Impala Platinum, has reported a 15% decrease in 6E (platinum group metals) production, amounting to 279,890 ounces fo

Feb 27, 2025
Zimbabwe
FBC Unveils Premium Mastercard with Exclusive Perks, Connects Zimbabwe to Global Markets

Zimbabwe’s titan bank, FBC Holdings, has launched a new family of FBC Premium Mastercard products yesterday at the Hyatt Regency Hotel in Harare. It is linked to both USD and Zimbabwe Gold (ZWG), an

 Feb 26, 2025
South Africa
Implats Production Dips 4%, Earnings Forecast Reduced

mpala Platinum Holdings (Implats) Limited, a leading South African  platinum group metals (PGM) producer, has recorded a 4% decline to 1.82 million 6E ounces for the half year to full year 2025 ended

 Feb 11, 2025
Companies
Zimplats Mining Volumes Decline 7% Amid Power Outages and Machinery Issues

Zimbabwe's largest corporate entity, Zimbabwe Platinum (Zimplats), has recorded a 7%  decline in mined volumes in the half year to full year 2025 from 1 915 000 tonnes in 2023 according to the group’s

 Feb 06, 2025
Zimbabwe
Tobacco Exports Reach All Time High of US$1.3 Billion in 2024

Zimbabwe's tobacco export earnings reached an unprecedented $1.3 billion in 2024, marking the second consecutive year the industry has surpassed the $1 billion milestone. This achievement builds on t

 Jan 30, 2025
Zimbabwe
Trade Deficit Surges Over Threefold to $196.9 Million

Zimbabwe's trade deficit has surged significantly to US$196 million, representing a 318.2% increase from $46.9 million in November 2024, which was the lowest deficit since November 2021. Gold exports

 Jan 29, 2025
World
Mining in Age of IT: Africa’s Wake-Up Call

The mining sector has become a cornerstone of numerous African economies, particularly as the continent, despite being the poorest globally, possesses vast untapped resources. Africa contributes less

 Jan 16, 2025
28 Zimbabwe-Linked Gold Mafia Members Placed on U.S. Sanctions

The United States and United Kingdom have imposed stringent sanctions on individuals implicated in gold smuggling and money laundering operation based in Zimbabwe, effective December 9, 2024.

Dec 10, 2024
Mining Sector Sees 9% Average Growth, but Energy Deficit Deepens

The mining industry have seen a significant growth with an average of 9% per annum, mainly spared by lithium sector projects and production of iron and steel. According to GlobalData, Zimbabwe is the

Nov 22, 2024
Sweetened Opportunities: African Sugar Producers Gear Up Amid Global Supply Shortage

According to Statista, India leads global sugar consumption, followed closely by the European Union and China. By 2024/2025, global sugar consumption is projected to reach 182 million metric tons. Bra

Oct 30, 2024
Zimbabwe's Chrome Sector Poised for Growth Amidst Global Demand

In 2023, global chrome ore production increased by 4% year-on-year, driven by demand from Chinese smelters. Despite a slight dip in the first quarter, chrome prices are gaining momentum this year.

Aug 14, 2024

Zimbabwe to Face Increased Electricity Shortages

Water levels at the Kariba Dam have dropped significantly, with the usable live storage for power generation declining from 29.05% in 2023 to just 10.35% Electricity demand from the mining sector alo

Aug 09, 2024

Fuel Prices Rise in Zimbabwe Despite Global Decline

Fuel prices have gone up, with petrol increasing from US$1.59 to US$1.60 per liter and diesel rising from US$1.62 to US$1.63 per liter   Historically, gasoline prices have averaged US$1.45 per liter

Aug 09, 2024

Zimplats Delivers Solid Performance Amid Challenging Conditions for Impala Platinum

Zimplats, which is 87% (June 2023) owned by Implats, increased its 6E (platinum, palladium, rhodium, ruthenium, iridium and gold) matte production by 5.7% to 646,000 ounces. This solid performance was

Aug 08, 2024

The Fintech Frontier: Redefining Financial Inclusion in Africa

Africa's financial landscape is undergoing a remarkable transformation, fueled by the swift rise of financial technologies (fintech) and the burgeoning role of artificial intelligence (AI). The latest

Jul 17, 2024

A Sweet Spot: Zimbabwe's Sugar Sector Eyes Global Markets

"Post forecasts that sugar cane production will increase by 1% to 3.5 million metric tons (MT) in marketing year 2023/24, while sugar production is expected to rise by 3% to 410,000 MT," the report st

May 14, 2024

Zimbabwe to Ensure Smooth Online Payments from Friday

In a circular released by the Reserve Bank, John Mushayavanhu, the Governor of the Central Bank, has announced that all online payment platforms will operate smoothly for all transactions starting fro

Apr 09, 2024

FBC Holdings Shatters Records with Over 1 Trillion in Total Income, Circa 500 Billion in Profit

FBC Holdings, a prominent blue-chip company listed on the Zimbabwe Stock Exchange (ZSE), has reported a total income of ZWL1.3 trillion, representing a substantial 138% increase from ZWL533 billion in

Apr 03, 2024

BNC in Historic Zero Production Record

The question which keeps on banging in investors’ ears and the rest of shareholders is when will BNC revert to its previous years of production triumph. The production loss endured by the company list

Feb 28, 2024