AGRIBANK, the state-owned agro-lender, has announced it has secured a US$30 million line of credit from the Industrial Development Corporation of South Africa to fund agriculture. Agribank also announced it was raising an additional $40 million through flotation of agro-bills...
JSE-listed construction firm Raubex will be the primary contractor on the $241 million Beitbridge border upgrade, South Africa’s Business Day has reported. Early this year, the Zimbabwe government handed the border modernisation concession to Zimborders, a consortium of local and...
AT the turn of the century, Glynn David Cohen purchased and restored a Renaissance villa in Tuscany, once owned by the Machiavelli family. Niccolo Machiavelli is believed to have written The Prince while resident at Villa Mangiacane. Now, after successfully...
RECENT updates by listed construction companies point to an unlikely boom in Zimbabwean construction. This time last year, Turnall, a leading manufacturer of building materials and piping, was staring at bankruptcy. The company had posted a loss of $4.1 million...
ZIMBABWE tobacco sales have reached 220 million kg, the highest since land reform began and the second highest output of all time. A total of 221,829,400 kg had been sold on auction and contract by Tuesday, according to Zimbabwe Tobacco...
There will be no immediate and dramatic boom in foreign investment into Zimbabwe, even if ZanuPF retains power in a credible election, a new note from investment group BMI Research says. Zimbabwe’s economic climate will stabilise and FDI will increase...
LAST week, the Post and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) and the Ministry of ICT and Cyber Security announced an almost 60 percent reduction in out-of-bundle mobile data. This was welcomed as a progressive move that would promote Internet...
GOVERNMENT spending outpaced revenue by $225 million in the first quarter of 2018, up from $183 million last year, latest official data shows. The data shows government overshot its travel budget, while committing more to capital expenditure than was initially...
ZIMBABWE lost over 1 million jobs over the last four years, according to official statistics which contradict the ruling ZANU-PF party’s employment creation claims. The Zimbabwe National Statistics Agency’s (Zimstat) 2017 inter-censal demographic survey shows that the country’s economically active...
Late in 2017, Harry Greaves, executive director of Prospect Resources, got a call from the Ministry of Mines. The Government wanted to know how Arcadia Mine, a lithium project that had up to that point been...

Recent Posts