As of March 12, 2025, reports indicate that Tesla shares have dropped sharply, with a notable single-day decline of over 13% on March 10, wiping out more than $700 billion in market value from its mid
Mar 12, 2025
UK-based miner Ariana Resources, a company that focuses on exploring and developing mineral resources, particularly gold , has reported a 9% increase in gold inventory at the Dokwe Gold Project in Zim
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
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
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
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
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
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
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
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.
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
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
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.
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
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
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
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
"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
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
