The Zimbabwe government will hold 46% of all diamond mining in the country, while local investors will own 5% of any new operations, under a new policy announced on Tuesday.
Government may also waiver its regulations to allow foreign investors...
The production of gold, Zimbabwe’s top export, collapsed 59% percent September and November, mirroring a foreign currency crisis that has hit the country’s major mines and could deter new investment into the industry.
With cumulative output just shy of 32...
Cassava SmarTech now offers a foreign currency account (FCA) wallet on its EcoCash mobile money platform, following October’s “ring fencing” of US dollar balances by the Ministry of Finance.
Cassava Smartech is the financial technology spinoff of Econet Wireless, and houses services such...
Six decades ago, explorers from a British firm, Atomic Energy Authority, dug around these red hills for beryl, a mineral used for alloys to make everything from springs to aircraft and missiles.
It was the atomic age and they were convinced...
When his fellow miners winch him up from the hole in the desert, Keith Gushure is covered in mud.
Gushure, 21, holds a pick and a hammer. For the past 18 hours he’s been trying to chip, gouge and pry...
Cement producer PPC Africa says it has $60 million stuck in Zimbabwe, but the company has seen “robust growth” in the country's construction market and is forecasting further growth ahead.
PPC is the largest cement producer in Zimbabwe, with total capacity...
By Mukasiri Sibanda
Shortly before the Finance Minister Professor Mthuli Ncube delivered his maiden national budget statement in Parliament, Bulawayo city was showered with rains. The Botswana Pula, a strong and stable currency which literally means rain, immediately came...
A year after their confidence soared after the change of leadership, morale among Zimbabwe's mining executives has waned as they fret over deepening foreign currency shortages and a Government that appears not to have a quick solution to the...
Lithium developer Prospect Resources says results of a definitive feasibility study into its Arcadia Lithium project in Zimbabwe confirms the mine will be profitable, with forecast life of mine revenue of US$2.93 billion and average annual EBITDA of US$106...
The Government has floated a tender for a new investor in Air Zimbabwe, which is $377 million in debt and recently placed under administration.
A notice published on Monday invited potential investors to show their interest by buying registration forms...
