Zimbabwe's government has increased the strategic reserve levy by as much as 323%, a move which will push the country's fuel price, already the highest in the region, higher. A notice by Finance and...
Zimplats spent US$159.1 million on capital projects over the past year, and has laid out an even bigger budget on an expansion programme to grow platinum output. In the year to June, revenue grew...
Deutsche Bank has cut correspondent banking ties with Stanbic Bank, dealing a body-blow to one of the few remaining international banking providers operational in Zimbabwe. Stanbic, the local unit of Standard Bank, is the...
The Infrastructure Development Bank of Zimbabwe (IDBZ) says it is shelving two solar power projects of a combined 45MW because of ZESA’s poor transmission infrastructure. IDBZ will no longer pursue the 15MW Tjibundule solar...
Dairibord and Dendairy have cancelled merger talks, failing to strike a deal on strategy and ownership after over a year of negotiation.  Last year, Dairibord, the country’s biggest dairy company, announced it was discussing...
Schools resume classes starting Monday, teens can now be vaccinated, and restaurants can serve vaccinated sit-in clients under new relaxed COVID-19 measures announced by Government. Exam classes resume on 30 August, while other...
Zimbabwe will use more than half of the US$961 million it has been allocated by the International Monetary Fund in the form of special drawing rights to support its beleaguered currency. The government abandoned...
Prospect Resources, the Australian-listed company developing the Arcadia lithium mine in Zimbabwe, has opened bids for investors willing to fund the project. Prospect says it has received “multiple enquiries” from “a range of international...
A currency dispute between an independent power producer and power utility ZESA shows how regulatory hurdles continue to dim prospects for private energy investment in Zimbabwe. ZESA is awaiting the outcome of international arbitration...
For others, it's discrimination. But others say this is the new reality of business and industrial relations under COVID-19. Mandatory vaccinations, around the world, are gaining ground. In July, the head...
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