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...
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...
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