The African Development Bank (AfDB) has granted Olivine Industries, the maker of household brands such as Buttercup and Olivine oil, a US$8.25 million loan to build two new factories and replace aged equipment.  Olivine...
Zimbabwe hopes to keep some of the country’s mines going during the 21-day coronavirus lockdown. But the trouble is how to get the output to market, in the face of disruption of supply routes and lockdowns in...
Caledonia Mining says it has enough stock and cash to outlast lengthy lockdowns in Zimbabwe and South Africa, and its Blanket Mine will apply to continue operations. Zimbabwe and South Africa have declared...
Zimbabwe could suffer a 60% fall in mineral output in the second quarter and lose over US$400 million in mining revenue due to the impact of the coronavirus, the Chamber of Mines says. Production,...
KWEKWE - Portnex has shut down its Zimasco ferrochrome plant in Kwekwe after prices of the alloy fell to four-year lows on weak demand caused by the coronavirus outbreak. The closure places at risk hundreds...
Zimbabweans will once again be able to use US dollars to pay for goods and services, the RBZ announced on Thursday, nine months after the government banned the use of foreign currencies for most local transactions.
Kuda Tagwirei’s Sakunda Holdings says it is funding the revival of two idled private hospitals in Harare so they can be used in government’s coronavirus response, scrambling to cool public outrage over reports the facilities are to...
Zimbabwean companies will shed more jobs as they scale back on output due to the coronavirus, which has already disrupted stock supplies for close to half of the country’s businesses. Border closures and lockdowns in...
The coronavirus is spreading economic chaos around the globe, with predictions that the world will sink into recession this year. In Zimbabwe, from tourism to mining, from farmers to retailers, and from large...
President Emmerson Mnangagwa on Tuesday announced the suspension of gatherings of more than 100 people and postponed this year’s independence rallies as part of efforts to combat COVID-19, but resisted calls for travel restrictions from high-risk countries...
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