Simbisa Brands, the country’s biggest fast foods company, is calling out Reserve Bank of Zimbabwe on its auction system, after the firm's auditors called fowl on its annual accounts.   Accountants Ernst & Young said...
InspiraFarms, a European company that designs and supplies cold-rooms and packhouses, is setting up its regional office in Zimbabwe, looking to take advantage of what is sees as growth in horticulture production in the country.
Caledonia Mining is to buy Pan African Mining’s gold claims near Gweru, developing its second mine in Zimbabwe and reviving an operation that shut down close to 20 years ago.   Blanket Mine is currently Caledonia’s...
Zimbabwe is joining a push by Russia’s Rosatom to promote the peaceful use of nuclear energy across Africa, with an MoU being signed in Europe on Monday. Energy Minister Zhemu Soda and Rosatom Director...
Zimbabwe is one of the countries whose banking systems are at the greatest risk of being used by money launderers, according to a new report. The Basel Anti-money laundering (AML) Index, released September 13,...
Latest results from Proplastics, one of Zimbabwe’s biggest manufacturers of the plastic pipes used in construction, reflects the sentiment across much of industry; a mixture of hope and frustration.   In its financial report for the...
Those that are not well-connected and cannot afford bribes end up mining without permits. They have to pay huge royalties to the owners of mining permits, normally 30% of net proceeds, after deducting costs. Ultimately, it is...
JSE-listed multinational construction company Murray & Roberts (M&R) is adding Zimbabwe’s new Darwendale platinum mine among R84 billion worth of contracts that it hopes to wrap up this year. The mine, run by Great...
Zimbabwe’s power utility has announced a drastic loadshedding schedule, due to breakdowns and refurbishments at its two main power plants.  Dam wall rehabilitation at Kariba will lead to 12-hour power generation cuts, at a...
Lafarge CEO Precious Nyika has left the company after the company was hit with a heavy Reserve Bank of Zimbabwe fine over exchange rate violations, industry sources say.  Lafarge chair Kumbirai Katsande, in a...
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