WITHIN hours of Emmerson Mnangagwa being inaugurated, 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...
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 Neville Mandimika UNDERSTANDING market nuances is everything in Africa and Zimbabwe’s newest currency — the bollar — is the epitome of idiosyncrasy. The bollar is the street name given to bond notes, the non-convertible currency introduced in November 2016, of...
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...
ZIMBABWE'S economy requires commercial bridge loans, donor support, relief on its huge dollar-denominated debt and, ultimately, an IMF program. The first steps in this process began with the removal of Robert Mugabe (a long-standing obstacle to international re-engagement) and the...
BARCLAYS Bank Zimbabwe becomes First Capital Bank in October, shedding its century-old brand, but the bank has already abandoned its former conservatism, gorging on government securities in a manner it never did under its previous owners. FMB Capital of Malawi...
THE Zimbabwe Stock Exchange hit its highest level since dollarisation on Wednesday, as investors seek a home for their money amid exchange rate volatility and inflation fears. The main industrial index hit 593.82 points, up 15.96 percent from Tuesday. The...
Delta Corporation says it owes foreign suppliers US$41 million, as surging demand continues to exert pressure on its forex needs. Delta’s products, especially carbonated soft drinks, have been in short supply and the situation worsened at the beginning of October...
OK Zimbabwe, the country’s largest supermarket group, believes the market turmoil precipitated by recent government policies is temporary. The chain is one of the biggest victims of the upheaval caused by the authorities’ October 1 decision to separate foreign currency...
It is a literal portrayal of how Zimbabwe's foreign currency shortages are keeping investors away. Brokers on the Zimbabwe Stock Exchange (ZSE) are failing to access the market’s automated trading platform after the software supplier withdrew support services due to...
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