A UK-based mining firm is to buy a controlling stake in Bindura Nickel Corporation (BNC), the country’s largest nickel producer said in a statement on Wednesday. In a cautionary statement on Wednesday, BNC said a deal had been struck by...
Zimbabwe has shipped Africa’s first battery-grade lithium carbonate, as it steps up efforts to produce and find markets for a compound that is in high demand for use in batteries. Prospect Resources, the Australian-listed company developing a lithium mine in...
Strive Masiyiwa’s Liquid Telecom has received a $180 million investment from the UK's CDC Group, allowing Africa’s largest fibre-network operator to expand its broadband across the continent. CDC, the development finance arm of the British government, will now take up a...
Lithium Consolidated Limited, an ASX-listed firm with operations in Australia, has acquired two lithium mining projects Zimbabwe. The company is one of several Australian firms exploring lithium and other minerals in the country. Recently, the company bought 100% of the...
The Zimbabwe government will hold 46% of all diamond mining in the country, while local investors will own 5% of any new operations, under a new policy announced on Tuesday.  Government may also waiver its regulations to allow foreign investors...
The production of gold, Zimbabwe’s top export, collapsed 59% percent September and November, mirroring a foreign currency crisis that has hit the country’s major mines and could deter new investment into the industry. With cumulative output just shy of 32...
Cassava SmarTech now offers a foreign currency account (FCA) wallet on its EcoCash mobile money platform, following October’s “ring fencing” of US dollar balances by the Ministry of Finance.  Cassava Smartech is the financial technology spinoff of Econet Wireless, and houses services such...
Six decades ago, explorers from a British firm, Atomic Energy Authority, dug around these red hills for beryl, a mineral used for alloys to make everything from springs to aircraft and missiles.  It was the atomic age and they were convinced...
When his fellow miners winch him up from the hole in the desert, Keith Gushure is covered in mud. Gushure, 21, holds a pick and a hammer. For the past 18 hours he’s been trying to chip, gouge and pry...
Cement producer PPC Africa says it has $60 million stuck in Zimbabwe, but the company has seen “robust growth” in the country's construction market and is forecasting further growth ahead. PPC is the largest cement producer in Zimbabwe, with total capacity...
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