Cluster homes are all the rage in Zimbabwe, but property company Knight Frank says the trend may not be sustainable. The company has just released its analysis for the second half of 2023, which details the state...
Finance Minister Mthuli Ncube is asking the US government to tell banks that they will no longer be fined for dealing with Zimbabwe. The country has lost at least 102 correspondent banking relationships as...
After spending close to US$160 million on expansion since 2021, Innscor says it will now focus on making the investment deliver. Innscor has built new factories and expanded production capacity at its divisions, with...
The latest results from Masimba Holdings show the highs and lows that construction companies face when they take on government projects – and the emerging risks from the collapse in mineral prices. Participation in...
Zimbabwe’s telecoms regulator says it has told Elon Musk that his SpaceX should first submit a licence before its Starlink can be allowed to operate in the country. On Friday, Starlink blocked services to...
Zimplats will reduce its headcount by 1% as it implements broad cost cuts to survive a sharp fall in platinum group metal (PGM) prices, CEO Alex Mhembere says. Zimbabwe’s biggest platinum producer announced in...
Prospect Resources says it is to acquire a copper operation in Zambia, expanding its battery minerals assets in Southern Africa at a time lithium prices are falling. The company explored and sold the...
The big story of the monetary policy statement was, naturally, authorities’ latest currency gambit – the gold-backed ZiG. But, in the clutter, there are other tales from the statement that may have gone unnoticed....
President Emmerson Mnangagwa has dismissed speculation that he plans to stay on beyond his current term.  Chants by ZANU PF youths urging Mnangagwa to stay until 2030 had fueled talk that he wants to...
Reserve Bank of Zimbabwe governor John Mushayavanhu has issued his maiden monetary policy statement, bringing with him a new gold-backed currency and promises to end the money-printing that tanked the Zimdollar. In his speech,...
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