Zimbabwe imported 1.63 billion litres of petrol and diesel in 2018, a 24% increase on the previous year, Zimra data has shown.
The country has experienced extended fuel shortages since October 2018, as a...
During a December 20, 2018 appearance before a parliamentary committee, central bank governor John Mangudya was asked if it was sustainable for government to continue subsidising fuel. Why not let all fuel retailers sell in forex?, one...
Kamativi Tailings Company (KTC) has signed a
$9.5-million finance and offtake facility for concentrate produced
from the Kamativi tailings lithium project, allowing the company to start construction
of a plant at the site in the second quarter.
As part...
Capacity utilisation of Zimbabwe’s industries will fall to
just 34.3% this year, reversing an improvement seen in 2018, according to a report
just released by the Confederation of Zimbabwe Industries (CZI).
In its 2018 Manufacturing...
Russian fertiliser giant Uralchem, which has bid to invest
in Zimbabwe’s largest fertiliser maker Chemplex, will not agree to any minority
stake in the Zimbabwean firm.
Uralchem owner, the billionaire Dmitry Mazepin, said in
Moscow on...
President Emmerson Mnangagwa has signed two major mining
deals during his tour of Russia, but they have been overshadowed by the
political crisis back at home.
On Wednesday, Great Dyke Investments, a Zimbabwe-Russia joint venture, signed...
A UK-based mining firm is to buy a controlling stake in Bindura Nickel Corporation (BNC), the country’s largest nickel producer said in a statement on Wednesday.
In a cautionary statement on Wednesday, BNC said a deal had been struck by...
Zimbabwe has shipped Africa’s first battery-grade lithium carbonate, as it steps up efforts to produce and find markets for a compound that is in high demand for use in batteries.
Prospect Resources, the Australian-listed company developing a lithium mine in...
Strive Masiyiwa’s Liquid Telecom has received a $180 million investment from the UK's CDC Group, allowing Africa’s largest fibre-network operator to expand its broadband across the continent.
CDC, the development finance arm of the British government, will now take up a...
Lithium Consolidated Limited, an ASX-listed firm with operations in Australia, has acquired two lithium mining projects Zimbabwe. The company is one of several Australian firms exploring lithium and other minerals in the country.
Recently, the company bought 100% of the...
