Construction company Masimba Holdings had 200% more orders last year than it did in 2020, as it reaps the rewards of increased private and government infrastructure projects.
In 2020, the company had projects worth...
Zimplats has posted a 32% year-on-year decrease in net profit to US$170.68 million for the six months ended December 2021, hurt by exchange losses.
The company recorded net foreign currency exchange losses of US$21.8 million,...
The government has granted energy explorer Invictus Energy access to a larger exploration area, seven times its current licensed area, as the two parties move into a critical phase; a production sharing agreement.
The...
By Farai Shawn Matiashe
Trevor Kusena, 19, struggles to walk from his cottage to the veranda at his family home in Betena, a village in Marange. As soon as he sits down, a dog...
PPC, Africa’s biggest cement company, says cement sales in Zimbabwe grew 25% year-on-year up to March, on better-than-expected demand from individual buyers and government projects.
Cement sales are expected to come in 36% better...
Kibo Energy plc, a UK renewable energy company listed in London and Johannesburg, has acquired the 100MW Victoria Falls Solar Park project for US$13 million.
The first 25MW of the project is fully funded...
Caledonia Mining Company has reported a 16% jump in profits to US$54.1 million after 2021 gold output hit a new record, in a year the company describes as a “turning point”.
Gold production at...
President Emmerson Mnangagwa believes he has a plan to soften the blow of rising global oil prices; cut fuel taxes. But he will also need a plan for what to do with the gaping hole that this...
Russia’s invasion of Ukraine is putting food security at risk in Zimbabwe, 11 000km to the south, another demonstration of how disruptive the conflict is to the world economy.
Russia, which is being subjected...
UK resources investor Galileo Resources is to start exploring for lithium and gold in Zimbabwe after being granted the option to acquire 51% of a local prospecting firm.
Galileo, listed in London, will...
