Caledonia Mining says its earnings per share will fall by US$5.4 million after central bank dropped the export incentive scheme. The London-listed company, which owns Blanket gold mine, will not be the only one taking a...
Parliament’s Public Accounts Committee (PAC) has ordered the Reserve Bank of Zimbabwe (RBZ) to submit a list of all 1,016 beneficiaries of the central bank’s non-performing loan bail-out scheme within the next two weeks.
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...
Prospect Resources has been awarded special economic zone (SEZ) status for its flagship Arcadia lithium mining project, which will grant the project generous tax breaks and other concessions. The licence is valid for 10...
A government minister has admitted to what many in the mining industry have always said; the gold being sold through official channels may be just a third of what the country actually produces, with the bulk being lost to smuggling....
Power generation at Kariba has been slashed to half of capacity due to falling water levels in the dam. A spokesman for Zambian power utility Zesco, Henry Kapata, says power supply on both sides...
Zimbabwe and Zambia have moved closer towards construction of the Batoka Gorge hydro power station after shortlisting American, European and Chinese companies to build the 2400MW plant. The Zambezi River Authority, jointly owned by the...
Karo Mining, which is developing a platinum project at Mhondoro-Ngezi, says drilling contractors have moved in and started an exploration programme to define the platinum resource at its 23 903 hectare mining site.
It was the largest one-day transaction ever seen on the Zimbabwe Stock Exchange; $217 million worth of stock in two of the market’s biggest firms, Econet and its spinoff Cassava.  In a special bargain...
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