Russia’s Alrosa, the world’s largest diamond company by volume, has signed an MoU with state-owned Zimbabwe Consolidated Diamond Company (ZCDC) for exploration and development of diamond deposits in the country. Under the agreement,...
Costs are rising, investment is falling and customers are using less money on their cellphones, according to the latest quarterly report on Zimbabwe’s telecoms just released by the industry regulator. The latest report, for...
For five years, the Zimbabwe government was avoided power shortages by at times borrowing from central bank and then using the money to buy forex for electricity imports. This admission by central bank governor...
One Gas Resources, the exploration partner of Invictus Energy in Zimbabwe’s Muzarabani district, expects drilling to begin in the second half of next year, targeting an estimated 1.3 billion barrels of oil equivalent and about 9.25 trillion...
Air Zimbabwe has hogged a fair bit of the headlines following the latest report by the Auditor General. Reports that three planes had gone missing at the flailing airline, based on misinterpretation of the...
Bad management has helped sink many Zimbabwean parastatals, but TelOne, the state-owned telco, shows that not even the best leadership can keep a state enterprise afloat as long as government keeps up its abuse.
MUMBAI, India - Zimbabwean diamonds could be classified as “conflict diamonds” and barred from world markets, if rights groups meeting here have their way. At the Kimberley Process (KP) reform meetings currently underway in...
Vast Resources, the UK-listed mining firm, is to partner with State-owned Zimbabwe Consolidated Diamond Company (ZCDC) to develop the Heritage diamond concession at Chiadzwa. A statement by the company on Monday said Vast...
A US$470,000 debt and the country's interbank market are at the centre of a major row between banks and Cambria Africa, the provider of the Paynet transactions portal, whose suspension has disrupted millions of transactions.
Armed with a positive feasibility study, an offtake deal and national project status, lithium developer Prospect Resources has now entered one of the toughest phases for any company investing in Zimbabwe – raising money on the capital...
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