Government’s restrictions on electronic money have helped stabilise the currency, but they have also eroded revenue contributions from the 2% tax, an unpopular but reliable revenue source over the past two years. According to the third quarter revenue data just...
Strive Masiyiwa’s Liquid Telecom, Africa’s largest fibre network provider, has raised US$307 million from shareholders to expand its data centre business. The new money includes an additional US$40 million equity investment from the CDC Group, the UK’s development finance institution....
Customer numbers at Simbisa Brands, the country’s largest fast-food company, dropped 33.7% in the year to June, the latest evidence of the collapse of disposable incomes. The company, which operates brands such as Chicken Inn, opened 14 new outlets in...
One of the major contributors to the efficiency of the Zimbabwe platinum mines was the “very different dynamic between employer and employee” on those mines compared with South African operations. That’s according to Impala Platinum CEO, Nico Muller, who was...
Invictus Energy says it has started field operations in Muzarabani, as part of a programme leading to planned exploration drilling in 2021. The company has also raised additional funding for the preparatory work by placing more shares with Mangwana, the...
A year ago, Premier African Minerals were buzzing about developing their new investment in Zimbabwe. A year later, after a string of false promises, the UK-listed small-cap miner is voicing its frustrations and looking elsewhere. Premier is invested in the...
French renewable energy firm Voltalia has won the contract to build a 12MW solar power plant at Blanket Mine in Gwanda. Caledonia, Blanket Mine’s holding company, last month raised US$13-million from a share sale to fund the project, expected to...
Hwange Colliery says coal production rose 84% in the first half of the year, but old debts continue to weigh on plans by the country's oldest coal miner to reverse years of decline. In the six months to June, total...
Caledonia Mining has taken a preliminary step in its Zimbabwe expansion plan, signing an MoU with the government on Monday to evaluate a possible investment in state-owned gold assets. Now, in the rubble of rusting steel that is Zimbabwe Mining...
Caledonia Mining’s Blanket Mine produced record quarterly gold output in the third quarter, and the company now says it will produce more gold this year than it previously expected. Blanket Mine produced 15,164 ounces of gold in the three months...
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