The COVID-19 pandemic will drive sub Saharan Africa into its first recession in 25 years, a World Bank paper says, but the region’s ‘copycat’ responses, which include lockdowns as well as some monetary and fiscal measures are...
Zimbabwe will use GeneXpert machines, normally used to diagnose tuberculosis, to conduct rapid tests for the novel coronavirus, the health ministry announced on Sunday. The country, which has 14 confirmed COVID-19 cases and three...
Old Mutual Zimbabwe is to provide Z$2 billion worth of life cover to health workers on the frontline of the coronavirus fight, the country’s largest insurer says.   CEO Sam Matsekete said Old Mutual...
Caledonia Mining Corporation’s Blanket mine produced 14,233 ounces of gold in the first three months of 2020, a 19% increase on last year’s corresponding quarter. The Q1 output follows a record-breaking final quarter of...
By Washington Samukange and Chancelar Kafere The current global outbreak of the coronavirus disease (COVID-19) has resulted in over 80 000 deaths worldwide. There is no specific treatment, outside of supportive care, that has...
Zimplats says its operations remain largely uninterrupted despite the COVID-19 enforced lockdowns in Zimbabwe and South Africa, where the company’s refiner, Impala, has issued a force majeure declaration. President Emmerson Mnangagwa ordered a 21-day...
The African Development Bank (AfDB) has granted Olivine Industries, the maker of household brands such as Buttercup and Olivine oil, a US$8.25 million loan to build two new factories and replace aged equipment.  Olivine...
Zimbabwe hopes to keep some of the country’s mines going during the 21-day coronavirus lockdown. But the trouble is how to get the output to market, in the face of disruption of supply routes and lockdowns in...
Caledonia Mining says it has enough stock and cash to outlast lengthy lockdowns in Zimbabwe and South Africa, and its Blanket Mine will apply to continue operations. Zimbabwe and South Africa have declared...
Zimbabwe could suffer a 60% fall in mineral output in the second quarter and lose over US$400 million in mining revenue due to the impact of the coronavirus, the Chamber of Mines says. Production,...
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