A US$470,000 debt and the country's interbank market are at the centre of a major row between banks and Cambria Africa, the provider of the Paynet transactions portal, whose suspension has disrupted millions of transactions.
Armed with a positive feasibility study, an offtake deal and national project status, lithium developer Prospect Resources has now entered one of the toughest phases for any company investing in Zimbabwe – raising money on the capital...
Zimbabwe owes US$200 million to foreign fuel suppliers, making new imports difficult as the companies require cash up front, Energy Minister Fortune Chasi and central bank governor John Mangudya have said.
Zimbabwe is facing...
Canada-based B2Gold Corp. is considering buying idled Shamva gold mine - if it can be exempted from a law that requires producers to sell all the metal to the country’s central bank, people familiar with the situation...
Zimbabwe on Thursday signs a platinum development agreement with Bravura Holdings, a company owned by Nigerian energy billionaire Benedict Peters.
Bravura, the resources arm of Peters’ energy firm Aiteo, is to develop the...
Zimbabwe has budgeted to spend the equivalent of US$8 million per month to sustain its new plan to halve fuel duties and bus fares, according to Finance Permanent Secretary George Guvamatanga.
Fuel prices...
Emirates Airlines is talking to the Zimbabwean government over earnings stuck in the country but has no plans to pull out of the route, a senior official at the airline says.
Orhan Abbas,...
Platinum group metals miner Tharisa is expanding into Zimbabwe with a drilling programme that could deliver results early next year and develop the company’s exposure to battery minerals, its chief executive said on Wednesday.
President Emmerson Mnangagwa rarely misses an opportunity to assure business that policy vagueness and inconsistency, the bane of the Mugabe years, is now a thing of the past.
“My government will continue to ensure...
ZimRe Holdings says it will assert its 49% interest in state-run bus company Zupco, after government indicated the shareholding, which it values at $250 million, was up for sale.
Government has announced plans to...
