President Emmerson Mnangagwa is “sincere in what he’s doing”, economic recovery will be tough and Western sanctions must be lifted, says Econet Wireless founder Strive Masiyiwa. Masiyiwa was part of a panel of leading businessmen to attend and speak at...
Zimbabwe Lithium Company (ZLC) expects to complete a pilot plant and start production of lithium concentrates in the second quarter of 2019 after a legal dispute delayed work on the project, its chief executive said on Monday. John McTaggart said...
Zimbabwe’s gold miners have warned that they may suspend operations if they are not allowed to keep a larger share of their export earnings, as currency volatility hits an industry that Government is banking on for economic recovery. Large scale...
Zimbabwean actuary Tavaziva Madzinga has been appointed chief executive officer for UK and Ireland at Swiss Re, the world’s second largest reinsurer. Madzinga succeeds Frank O'Neill who left the firm in September, and will assume his new role from January...
Mastercard is to open an office in Zimbabwe as it looks to tap in to the country’s growing digital payments business, the company has said.  Mastercard President and CEO, Ajay Banga, this week visited Zimbabwe and held meetings with Finance...
THE Confederation of Zimbabwe Industries (CZI), the country’s main business representative body, has come out in support of government’s 2% tax on electronic payments after initially opposing the unpopular revenue measure. The tax, announced by Finance Minister Mthuli Ncube on...
THE central bank this week allocated US$6.7 million to the local pharmaceutical industry for crucial imports, but the amount falls far short of requirements. Many pharmacies closed shop following the market turmoil triggered last week by pronouncements on currency and...
Zimbabwe’s new currency and tax reform measures seem to be coming home to roost. KFC Africa has announced it has suspended operations in Zimbabwe, citing “current pressure on the country’s economy”, a further dent on the country’s attempts to attract...
STATE-OWNED NetOne, the country's second largest mobile operator, has opened talks with South African telecoms firm Telkom on a possible joint venture. NetOne is one of 35 state-owned enterprises that have been put up for partial or full privatisation by...
RioZim is to sue the Reserve Bank of Zimbabwe over its failure to allocate foreign exchange to its mines, the gold producer has said, in a hard-hitting cautionary likely to further dent investor sentiment. RioZim is listed on the Zimbabwe...

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