As the Zimbabwe dollar tanked and inflation soared, government responded in the only way it knows how: wagging fingers and spinning dark conspiracies. But, all along, the government knew the source of the inflation;...
By Ray Ndlovu Zimbabwe plans to set up an exchange-traded fund that will give investors exposure to shares in insurer Old Mutual and cement maker PPC on the Victoria Falls Stock Exchange (VFEX).
By Godfrey Marawanyika Sovereign defaults by both Zambia and Zimbabwe have escalated the Batoka Gorge hydroelectric project cost, with the estimated price climbing 23% to almost US$5 billion. The plan,...
Matshela Energy, owned by former Eskom CEO Matshela Koko, says it has reached a power purchase agreement with power utility ZETDC, paving the way for a project that he previously complained was caught up in red tape.
President Emmerson Mnangagwa will visit Mozambique and Zambia in a bid to save the country's electricity import contracts that are being eyed by Eskom. Mnangagwa's trips come at a time when South Africa, which...
Zimbabwe will double the royalty rate it charges mining companies on the platinum group metals (PGMs) they produce to 5% from January 2023 in a bid to increase government revenues. The country is the...
Caledonia Mining says it plans to invest US$250 million over three years to develop Bilboes Mine, once it completes the takeover of one of Zimbabwe’s most prized mining assets. Last week, Caledonia announced it...
Victor Gapare was an executive at Anglo American Corporation Zimbabwe when the company exited Zimbabwe’s gold sector in 2003. Gapare was part of a management buyout that took over Bilboes, a mine 75km from Bulawayo.
Government likes to tout mining as the sector that will lift Zimbabwe's economy from crisis, but miners say its policies are, in fact, hurting them. Currency regulations, lack of clarity on policy, high...
By Tawanda Karombo Zimbabwe’s heavy-handed regulation of mobile money platforms has impacted growth of these platforms and also contributed to the Zimdollar’s continued loss in value, according to the country’s biggest mobile wallet...
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