TURNALL Holdings reported its biggest half-year profit since dollarisation in the first half of 2018, driven by strong volume growth and an unlikely upswing in construction activity in the country. The company reported $1.4 million net profit, from a $295,000...
BARCLAYS Bank Zimbabwe becomes First Capital Bank in October, shedding its century-old brand, but the bank has already abandoned its former conservatism, gorging on government securities in a manner it never did under its previous owners. FMB Capital of Malawi...
In the 1990s, Mobil Oil spent $30 million prospecting for oil in the Zambezi basin. They abandoned the search when they discovered that the area had more gas than oil. At the time, there was no structured market for gas...
Canadian mining group the Caledonia Mining Corporation has entered into a memorandum of understanding meant to help it regain control of its Zimbabwe-based subsidiary Blanket Mine. It had to cede shareholder control of the mine in 2012 when it complied...
Sentiment on Zimbabwe is improving with potential investors looking for business opportunities while monitoring political developments closely. But some miners are already moving in on SA’s northern neighbour with zeal. Zimbabwe was starved of foreign direct investment under former president...
Vast Resources has concluded an agreement that will give it access to the Marange diamond fields in Chiadzwa, the London-listed company has said. Vast will partner with Red Mercury a company owned by the Marange-Zimunya Community Share Ownership Trust Community...
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...
  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...
Karo Mining has launched operations at its $4.2 billion platinum project in Mhondoro-Ngezi, where President Emmerson Mnangagwa blamed a “lack of vision” in former leader Robert Mugabe’s administration for frustrating the investment for a decade. The project, co-owned by Karo...
AGRIBANK, the state-owned agro-lender, has announced it has secured a US$30 million line of credit from the Industrial Development Corporation of South Africa to fund agriculture. Agribank also announced it was raising an additional $40 million through flotation of agro-bills...
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