Zimbabwe has budgeted to spend the equivalent of US$8 million per month to sustain its new plan to halve fuel duties and bus fares, according to Finance Permanent Secretary George Guvamatanga. Fuel prices...
Lithium Consolidated Limited, an ASX-listed firm with operations in Australia, has acquired two lithium mining projects Zimbabwe. The company is one of several Australian firms exploring lithium and other minerals in the country. Recently, the company bought 100% of the...
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...
Strive Masiyiwa’s Liquid Telecom has received a $180 million investment from the UK's CDC Group, allowing Africa’s largest fibre-network operator to expand its broadband across the continent. CDC, the development finance arm of the British government, will now take up a...
  Sub-Saharan conglomerate Moti Group plans to invest a further $150 million on its chrome operations in Zimbabwe, a move that will take its commitment to the southern African country above $500 million and entrench its position as the top...
Russian fertiliser giant Uralchem, which has bid to invest in Zimbabwe’s largest fertiliser maker Chemplex, will not agree to any minority stake in the Zimbabwean firm. Uralchem owner, the billionaire Dmitry Mazepin, said in Moscow on...
Chinese steel giant Tsingshan will start construction of coke oven battery at its planned new stainless steel plant in Mvuma in the second half of the year, Mines Minister Winston Chitando has said.
Vivo Energy, the London-listed oils company that holds the Shell brand in Africa, has added Zimbabwe to its list of new markets after the completion of a takeover of Engen assets across the continent. Vivo...
Cassava Smartech, the fintech spinoff of Econet Wireless, has acquired Medical Air Rescue Service (Mars), six years after what was once one of the country’s biggest private emergency medical services was placed under judicial management. In...
ZIMPLATS, the country’s largest platinum producer, has reported a 94 percent drop in annual after-tax profit to $2.6 million after taking a $98 million tax hit from a land deal with the Government. In June, Zimplats agreed to release 23...
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