It’s a barometer of the economy, measured in drumsticks,
thighs and chips.
The latest financial results of Simbisa Brands, which runs Zimbabwe’s largest fast-food franchises such as Chicken Inn and Nando’s, show that fewer...
A move by the United States to bar Marange diamonds on the
basis of “forced labour” has surprised even the activists working to have Zimbabwean
diamonds blacklisted, and could undermine the credibility of genuine demands
for transparency in the sector....
By Rodrick Moyo and Mukasiri Sibanda
Two weeks ago, a gold rush was experienced in Bubi district
of Matabeleland North, at a place which is a stone’s throw away from Lonely
Mine.
The Reserve Bank of Zimbabwe has announced a controversial ban on cash transactions on mobile money, a move it says was needed to deal with agents and stores using the cash crisis to charge high premiums on...
Vast Resources plc, the UK-listed mining company, has signed
a joint venture with a community-owned company ahead of the signing, in
October, of an agreement with the Zimbabwe Consolidated Diamond Company to start
mining at Chiadzwa.
Nampak, Africa’s largest packaging manufacturer, says it has
managed to repatriate just 3% of its cash holdings in Zimbabwe over the past
year and taken a hit on its Rand equivalent balances, a sign of the impact of
the weakening...
Mureza Auto Company, an African car brand, plans to expand production from its plant in the Rosslyn business park outside Pretoria, to the Willowvale Assembly Plant in Zimbabwe and later the former Hyundai Plant near Gaborone in...
Old Mutual Zimbabwe has bought up land at Ngezi in anticipation of a mining boom in on the platinum belt, and is adding properties in Victoria Falls to build a new hotel.
The...
Invictus Energy, the Australian-listed form prospecting for
gas and oil in Zimbabwe, is to begin an environmental impact assessment ahead
of the planned drilling of an exploratory well at Muzarabani.
The Zimbabwe Environmental Management Agency (EMA)...
Edcon, the struggling South African retail group, is selling its stake in Edgars Zimbabwe to Mauritian investment management firm SSCG Africa Holdings.
Saved from collapse last year after a R2.7bn facility with
lenders, Edcon...
