Kuvimba Mining Company now controls mines previously run by the State-owned Zimbabwe Mining Development Corporation (ZMDC).
The mines, for years deep in debt and mostly idle, were first put up for sale in 2018.
Kuvimba Mining House has again insisted it has nothing to do with businessman Kuda Tagwirei, after email leaks by a former director showed how the businessman orchestrated the company’s formation.
Sentry, an American...
By John Kachembere
Zimbabwe has made strides in curbing illicit financial flows (IFFs), but a more coordinated approach by the country’s many anti-corruption agencies is needed to stop the bleeding, analysts say.
The Industrial and Commercial Bank of China (ICBC), the world's largest bank by assets, has come under pressure to withdraw funding from Zimbabwe’s planned 2,800MW coal-fired power plant at Sengwa.
This leaves what...
President Emmerson Mnangagwa has announced a tighter curfew, slashed business hours and banned all inter-city travel in a response to rising COVID19 cases.
The measures take effect immediately and will be reviewed in...
Zimbabwe faces prolonged power outages after a surge from South African electricity imports overloaded its network and caused generating plants to fail, Energy Minister Zhemu Soda said.
The surge caused a nationwide blackout in...
Arden Capital, the JSE-listed private equity group that controls African Sun, is reassessing its investments after COVID-19 caused the lowest hotel occupancy rates ever.
Arden, formerly known as Brainworks, says it is “currently reviewing...
Zimbabwe expects 100 megawatts of electricity to be added to the national grid from renewable energy projects by the end of this year, with an additional 50MW in thermal power, a government minister said on Tuesday.
Kuvimba Mining House has paid out US$5.2 million in dividends to shareholders, less than a year after bringing some of the country’s biggest mining assets under its wing with government support.
From white former...
PPC Africa's latest financial report shows the dilemma of many companies invested in Zimbabwe; the good news is there is sales growth, but the bad news is that the currency crisis remains a blot on the books.
