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...
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...
  Zimbabwe’s tobacco sales have reached a record high of 237.1 million kg with a week to go before the selling season ends, official data showed on Friday, raising hopes its second biggest export could help ease the country’s severe...
SUGAR processor Star Africa Corporation’s successful debt restructure has helped the company attain a positive net asset value of $1 million in the 2018 financial year, from a net liability position of $41 million last year. A High Court-sanctioned reconstruction...
By Fitch Solutions Key View: The election of Emmerson Mnangagwa as President of Zimbabwe presents growing upside risks to growth in the country's mining industry over the coming years. However, we are holding off on revising the country's production forecasts...
SUGAR exports from Zimbabwe to the United States and regional markets declined 62 percent in the year ended March 2018, due to decreased production and increased local demand, industry giant Tongaat Hulett has reported. South Africa’s Tongaat Hulett dominates Zimbabwe’s...
President Emmerson Mnangagwa has made two Cabinet changes that throw contrasting light on his leadership. First, Mnangagwa fired Energy Minister Fortune Chasi, just as the Minister was out in the public fighting ZESA executive chairman Sydney Gata over claims of...
When the fuel crisis escalated last January, President Emmerson Mnangagwa was forced to announce a 150% price increase. Amid the outrage and riots which followed, one important detail went largely unnoticed: about 70% of...
Seed Co, Zimbabwe’s biggest seed producer, says sales volumes grew 42% on better rainfall, bigger purchases by government and increased irrigation. This is a recovery for the company, which suffered a 24% drop in...
Finance Minister Mthuli Ncube has ended subsidies for maize and wheat, a move meant to cut costs, but set to further drive up the cost of staples for already pressed Zimbabwean consumers. Ncube...
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