By Fitch Solutions Key View: The election of Emmerson Mnangagwa as President of Zimbabwe presents growing upside risks to growth in the country's mining industry over the coming years. However, we are holding off on revising the country's production forecasts...
During a December 20, 2018 appearance before a parliamentary committee, central bank governor John Mangudya was asked if it was sustainable for government to continue subsidising fuel. Why not let all fuel retailers sell in forex?, one...
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...
  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...
Hotels group African Sun had a better first quarter this year than it did in the violence-hit first quarter of 2019, but 32 000 room night cancellations due to COVID-19 wiped out that slim recovery.
Edcon, the struggling South African retail group, is selling its stake in Edgars Zimbabwe to Mauritian investment management firm SSCG Africa Holdings. Saved from collapse last year after a R2.7bn facility with lenders, Edcon...
Caledonia Mining Corporation says earnings for 2019 will be "substantially higher" than forecast on firmer gold prices, higher than expected output and costs that were lower than projected. The Toronto-listed company runs the...
ASX-listed Prospect Resources has increased its ownership of the Arcadia lithium mine in Zimbabwe from 70% to 87%. Prospect has begun construction at the site, near Harare, at a cost of $25 million.  Prospect reached a conditional agreement with Farvic Consolidated...
News that nickel prices have hit five-year highs should cheer Zimbabwe’s Bindura Nickel Corporation (BNC), the country’s nickel miner. But, just as Zimbabwe's gold producers are missing out on a gold rally, BNC may...
Command agriculture is not sustainable, foreign currency shortages are discouraging investors, Government bureaucracy is frustrating businesses and taxes are too high. This is according to Surface Wilmar, the country's biggest cooking oil manufacturer and maker of Buttercup margarine and Olivine...
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