Finance Minister Mthuli Ncube has reversed plans to double its gold royalty rate to 10%, a new 2026 budget bill showed on Wednesday, following protests by miners and industry groups.
A royalty rate of...
By Farai Shawn Matiashe
When Dr Kudzai Kanyepi qualified as Zimbabwe’s first female cardiothoracic surgeon four years ago, she was filled with pride and anticipation after succeeding in an area long dominated by men....
Finance Minister Mthuli Ncube says he is willing to adjust proposed gold royalty changes after miners warned that doubling the tax could hurt the industry and fuel smuggling.
Ncube’s budget proposed a new sliding...
The Zimbabwe Miners Federation (ZMF) says Finance Minister Mthuli Ncube’s plan to double gold royalties will scare off new investment and promote gold smuggling.
ZMF represents small-scale miners, who produce over 75% of the...
It’s a familiar Zimbabwean story: a big investment plan lands on the table, and then policy shifts force the investor back to the calculator.
Last week, Caledonia Mining announced plans to raise up to...
Caledonia Mining has approved construction of the Bilboes Mine, after a feasibility study projected strong returns for what would be Zimbabwe’s biggest gold mine. The company has now started raising part of the US$484 million needed for a...
Zimbabwe’s state-owned mining company and a group of Chinese investors started work on a feasibility study that’s a precursor to raising as much as $300 million to develop a new lithium plant.
Kuvimba Mining...
Econet Wireless Zimbabwe, the country’s biggest mobile operator, has launched new ‘Smart-Suite’ Fixed Wireless Access (FWA) data packages, made up of six plans to meet the data needs of its customers.
The packages range...
Spur will open a new Doppio Zero restaurant in Zimbabwe, hoping to take a bigger bite of the country's increasingly competitive restaurant market.
For Spur, Zimbabwe is the second-best-performing market in its rest-of-Africa...
By Chris Muronzi
Zimbabwe's platinum miners are owed millions in unpaid exports income under the government's foreign currency retention rules, the mining chamber has said, hurting operations in a sector battling to recover from a...
