Finance Minister Mthuli Ncube expects to raise US$350 million from selling majority shares in state-owned telecoms assets, a plan that includes selling fixed line and internet provider TelOne and mobile operator NetOne as a single entity.
Shares in Caledonia Mining Corporation took a bit of a dive at the end of February after the Zimbabwe government announced that it was ending its export credit incentive scheme. Under the terms of this scheme, gold...
PPC says Zimbabwe’s new currency measures are “positive” and may eventually help the company repatriate its funds from the country. The cement maker needs to repatriate US$16 million in dividends and US$5 million from rights...
Results just released by Old Mutual Limited, South Africa’s number two insurer and the holding company of Old Mutual Zimbabwe, show the impact of Zimbabwe’s currency reforms on the accounts of companies operating in the country.
Fourteen years after losing control of Mascom Botswana, his very first cellular operation, Strive Masiyiwa has bought the company back from MTN for US$300 million. In a statement on Thursday, MTN said it would...
Sardonic Zimbabweans have a joke for every crisis. One of the many crisis-fueled wisecracks goes: What’s the best time to fill up your fuel tank? Answer: “When...
Aim-listed Premier African Minerals will recommence drilling at its wholly-owned Zulu lithium and tantalum project, in Zimbabwe. Mobilisation will begin immediately and drilling is expected to begin as soon as mobilisation is complete and seasonal...
On Monday, Reserve Bank of Zimbabwe governor John Mangudya appeared before Parliament’s Public Accounts Committee, where he testified that his strategy to assume over $1 billion in bad bank loans had saved the economy from collapse. In...
Caledonia Mining says its earnings per share will fall by US$5.4 million after central bank dropped the export incentive scheme. The London-listed company, which owns Blanket gold mine, will not be the only one taking a...
Parliament’s Public Accounts Committee (PAC) has ordered the Reserve Bank of Zimbabwe (RBZ) to submit a list of all 1,016 beneficiaries of the central bank’s non-performing loan bail-out scheme within the next two weeks.
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