Econet Wireless will be forced to take “drastic measures” if the power crisis is not resolved immediately, the country’s largest telecoms company said Monday, in a strongly-worded statement that reflects the deepening frustration across business in Zimbabwe...
The developers of a US$4 billion hydropower plant on the Zambia-Zimbabwe border delayed the project until next year because of the coronavirus pandemic. Pre-construction work on the Batoka Gorge project has been suspended for...
Delta Corporation expects consumer demand to remain firm this year, and is launching an “ambitious recapitalisation” to expand its business, but the company is worried about rising inflation, inconsistent government policy and global cereal costs.
Shares worth Z$3.43 billion were traded in Bindura Nickel Corporation (BNC) on Tuesday, as Mauritius-based commodity company Sotic International completed the takeover of Zimbabwe’s biggest nickel producer. The bulk deal comprised 22 trades in 926.8 million shares at 370 cents...
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...
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...
Cement producer PPC Africa says it has $60 million stuck in Zimbabwe, but the company has seen “robust growth” in the country's construction market and is forecasting further growth ahead. PPC is the largest cement producer in Zimbabwe, with total capacity...
Jorum Gumbo, the former Transport Minister, has been arrested for his actions around the Zimbabwe Airways controversy. But it tells a story of President Emmerson Mnangagwa’s feeble anti-corruption drive that none of the charges Gumbo faces shed...
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...
Zimbabwe’s economic austerity measures have been implemented without enough safety nets for the poor and are deepening poverty in the country, according to a panel of United Nations experts.   Under a Transitional Stabilisation Programme announced...
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