Multichoice, a leading African broadcasting company recently made headlines with its strategic move to increase funding for its streaming platform, Showmax. This move comes in response to the growing
Feb 06, 2024
Khayah Cement formerly Lafarge Cement Zimbabwe Limited, reported a significant increase in cement volumes, with a 117% surge for the six-month period ended 30 June 2023 compared to the same period las
In concluding, the FIU said it has directed financial institutions to unfreeze all accounts and other financial assets that had been frozen pursuant to the directive of March 31, 2023. The unfreezing
May 16, 2023
The global economy is experiencing massive growth in debt exacerbated by the COVID-19 pandemic which had forced countries to borrow to boost their reserves and bring some form of economic resilience.
Dec 16, 2022
Chipo Mtasa steps down as CEO of parastatal telecommunications company, Telone, at the end of the year after serving her full 2 terms stretching between 2013 and 2022. Her legacy will be mixed dependi
Dec 12, 2022
Retail sector contribution to GDP highest across sectorsAgriculture sector contribution diminishes to below 10%Manufact...
Oct 20, 2021
HARARE – Mealie Brand, a division of diversified construction, infrastructure and agricultural equipment manufacturer a...
Oct 11, 2021
HARARE – Zimbabwe’s Central Bank through the Financial Intelligence Unit (FIU) has opened investigations into allegatio...
Oct 07, 2021
Gold production for the six months to 30 June 2021 fell by 4% to 564kgLoss for the period widened to ZW$1.5b from prior...
Oct 04, 2021
Silver prices tumbled to the lowest point in over a year as pressure on precious metals continues to stretch amidst a s...
Sep 30, 2021
Johannesburg – Platinum group metals (PGMs) and chrome mining giant, Tharisa announced t...
Sep 29, 2021
September annual inflation stood at 51.55 percent from 50.24 percent in AugustMoM inflation rate maintained upward tren...
Sep 28, 2021
Swings from a BWP 370.6m loss in 2020 to BWP 59.6m in fiscal year 2021Revenue from rest of Africa operations increased...
Sep 22, 2021
Key Highlights: Total income declined from ZW$4.128 billion to ZW$2.897 billionAttributed to a 67% decrease in fair...
Sep 17, 2021
Key Highlights: Profit after tax increased by 15% to ZW$292.0 millionInclement weather in first quarter slowed produ...
Download the 2021 annual report for Bindura Nickel Corporation here
Sep 14, 2021
HARARE – That Zimbabwe relies heavily on imports of most of its raw materials for industrial productivity is a well-kno...
Sep 13, 2021
HARARE – Platinum price fell further in early Monday trades to reach US$944 per ounce as the on-demand metal continues...
Key Highlights: Recorded ZW$5.8 million lossOperating expenditures grew to ZW$98.8 millionNet interest income increa...
Sep 08, 2021
Key objectives include localising the funding of tobaccoSeeks to raise tobacco production from 262 million kgs to 300 m...
TN CyberTech Bank Limited, formerly known as Steward Bank, is set to become Zimbabwe’s first neobank, according to EcoCash Holdings’ latest full-year financial statement for the year ended 28 February
Debswana Diamond Company, a 50-50 joint venture between the Botswana government and De Beers, has temporarily halted production at its Jwaneng Cut 9 and Orapa mines, following earlier suspensions at t
RioZim, once Zimbabwe’s preeminent gold producer, has faced a precipitous decline, with 2024 financial losses escalating to ZWG 628.5 million, a sixfold increase from ZWG 107.7 million in 2023. Gold
Zimbabwe has faced persistent challenges with its currency, from hyperinflation to repeated monetary reforms. The introduction of the Zimbabwe Gold (ZiG) currency represents the latest attempt to stab
Tanganda Tea, a company listed on the Zimbabwe Stock Exchange, has partnered with Global Trade-Link BV, a consultancy from the Netherlands, to open an avocado oil extraction plant at its Tingamira Est
The Zimbabwe Energy Regulatory Authority (ZERA) has decreased diesel prices for June from May prices in US dollar terms. Diesel prices went down by 1% from US$1.52 in May to US$1.50 per litre in June
Less than two years after its ambitious acquisition of Food Lover’s Market franchises, OK Zimbabwe Limited, the country’s largest retailer by store count with over 70 branches, is set to close its pre
Embattled diversified company RioZim Limited has widened its loss position, which more than quadrupled to ZWG 628.4 million from ZWG 107.7 million in FY2024, weighed down by a 54% plunge in gold produ
