Zimbabwe is one of the countries whose banking systems are at the greatest risk of being used by money launderers, according to a new report.
The Basel Anti-money laundering (AML) Index, released September 13,...
Latest results from Proplastics, one of Zimbabwe’s biggest manufacturers of the plastic pipes used in construction, reflects the sentiment across much of industry; a mixture of hope and frustration.
In its financial report for the...
Those that are not well-connected and cannot afford bribes end up mining without permits. They have to pay huge royalties to the owners of mining permits, normally 30% of net proceeds, after deducting costs. Ultimately, it is...
JSE-listed multinational construction company Murray & Roberts (M&R) is adding Zimbabwe’s new Darwendale platinum mine among R84 billion worth of contracts that it hopes to wrap up this year.
The mine, run by Great...
Zimbabwe’s power utility has announced a drastic loadshedding schedule, due to breakdowns and refurbishments at its two main power plants.
Dam wall rehabilitation at Kariba will lead to 12-hour power generation cuts, at a...
Lafarge CEO Precious Nyika has left the company after the company was hit with a heavy Reserve Bank of Zimbabwe fine over exchange rate violations, industry sources say.
Lafarge chair Kumbirai Katsande, in a...
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...
