The Government has floated a tender for a new investor in Air Zimbabwe, which is $377 million in debt and recently placed under administration.  A notice published on Monday invited potential investors to show their interest by buying registration forms...
Platinum miners in Zimbabwe plan to jointly develop a base-metal refinery in the country, Mines Minister Winston Chitando said. The processing plant has been under consideration since at least 2014. The project may cost $134 million, according to previous reporte. Zimplats,...
OK Zimbabwe, the country’s largest supermarket group, believes the market turmoil precipitated by recent government policies is temporary. The chain is one of the biggest victims of the upheaval caused by the authorities’ October 1 decision to separate foreign currency...
Delta Corporation says it owes foreign suppliers US$41 million, as surging demand continues to exert pressure on its forex needs. Delta’s products, especially carbonated soft drinks, have been in short supply and the situation worsened at the beginning of October...
Until a week ago, not many had heard of Invictus Energy, the company that is prospecting for oil and gas in Muzarabani. For months, the company had bubbled under, acquiring the project, getting licences, raising capital, and exploring the prospect....
Caledonia Mining Corporation is to move ahead with the acquisition of a further 15% of the Blanket gold mine in Zimbabwe from local investment group Femiro. The terms of the deal were first set out in a memorandum of understanding...
The Government will announce the successful bidders for the gold assets it put on sale earlier this year, and more State-owned mines will be put up for sale by the end of the month, Mines Minister Winston Chitando has...
Prospectus Resources, the Australian-listed mining company, is expanding its investment in Zimbabwe with plans to acquire a new lithium find near Bindura and to build a chemicals plant near its flagship Arcadia mine. The company says it has signed a...
Hit by weak subscriber uptake and falling subscriptions for pay TV worldwide, Kwesé TV, a division of Econet Media, is cancelling its service and may leave some of the eleven markets in which it operates. In a statement, Kwesé announced...
Invictus Energy, listed on the Australian Stock Exchange, will start drilling an exploration oil well at its Muzarabani prospect in 2020, President Emmerson Mnangagwa announced Thursday. The drilling will be at a cost of $20 million, the President said at...
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