Prospect Resources is selling its business in the Democratic Republic of Congo to focus on its Arcadia lithium project in Zimbabwe, the Australian-listed firm has announced. The company is selling Prospect Cobalt, its...
Zimbabwe’s power utility says the rolling power cuts the country is facing have been caused by low water levels at Kariba. This is true, but it is only part of the story. The bigger story is how...
Zimbabwe's beer drinkers would have set new national lager records in 2018, had Finance Minister Mthuli Ncube not crashed the party with his austerity measures late in the year, latest figures from the country's biggest brewer show....
When the fuel crisis escalated last January, President Emmerson Mnangagwa was forced to announce a 150% price increase. Amid the outrage and riots which followed, one important detail went largely unnoticed: about 70% of...
The government has put its vehicle assembly plants Willowvale and Deven up for sale, but finding a buyer for the old assets will require all the skills of a crafty used-car salesman. The...
Sable Chemicals and Invictus Energy have signed a Memorandum of Understanding (MoU) that could see the supply of natural gas to Zimbabwe's sole ammonium nitrate producer, should a commercial gas discovery be confirmed at Invictus’ Cabora Bassa...
With just one plane in service, Air Zimbabwe is keen to get its newly delivered Embraer ERJ145 in the air as soon as possible. Delivered on Tuesday, the plane will go into service within the next three...
RioZim says it has has signed outline agreements with funders for the long-delayed 2800MW Sengwa Power Project, and plans to begin work on the first phase within 12 months. In its annual results...
RioZim suffered a 13% drop in gold output in 2018 after losing two months of production due to forex shotages, the company said in an earnings report that casts a dim light on the state of mining...
Delta Corporation recorded declines across its beverage lines, with soft drinks being the hardest hit, in a turbulent final quarter of its 2019 financial year. The company has struggled to source foreign currency for...
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