RioZim suffered a 13% drop in gold output in 2018 after losing two months of production due to forex shotages, the company said in an earnings report that casts a dim light on the state of mining...
Delta Corporation recorded declines across its beverage lines, with soft drinks being the hardest hit, in a turbulent final quarter of its 2019 financial year.
The company has struggled to source foreign currency for...
China’s UnionPay International on Wednesday added Steward Bank to its network of partners, expanding its footprint in Zimbabwe, where it has already signed up two other financial institutions.
The use of international cards in...
Karo Mining Resources, which was last year granted a platinum concession on Zimbabwe’s Great Dyke, says its exploration programme is ahead of schedule and expects mine development to start next year.
Karo is driven...
China’s Tsingshan Global Holdings, the world’s number one producer of stainless steel, wants more out of Zimbabwe than it initially planned.
The company signed an MoU with Zimbabwe in June 2018 for the...
Strive Masiyiwa says he plans sell shares in Mascom to the public once he completes the US$300 million purchase of MTN’s stake in Botswana’s largest mobile operator.
MTN announced in March that it...
Tiffany & Co, the leading American luxury jeweler, says it does not stock Zimbabwean diamonds over human rights concerns, a reflection of the long road still ahead in the country’s push to clean up the image of...
Standard Charterd Bank plc is to pay US$18 million in fines to the US government for violating American sanctions on Zimbabwe by handling transactions for state-owned firms and sanctioned individuals.
The bank is...
With the uncertainty over its licence to mine for diamonds in Zimbabwe now cleared, Vast Resources is putting all its eggs into the diamond basket and bailing out of gold.
Vast Resources, which...
The Indian diamond hub of Surat, where 90% of the gems sold globally are cut and polished, plans to set up direct links with Zimbabwe to access the country’s “cheaper” and high quality diamonds.
