Zimplats’ revenue for the financial year ended June 30 increased by 38% year-on-year to US$868.9-million, mainly due to an increase in the average prices of rhodium, palladium, gold and nickel.
However, in view of the economic uncertainty posed by the...
Zimbabwe will return land to dispossessed farmers who were under Bilateral Investment Protection and Promotion Agreements (BIPPAs), while other white farmers on land repossessed under land reform can apply for 99-year leases, the Government says.
In a joint statement Monday,...
Zimbabwe’s largest bank says the U.S Treasury Department has cleared it of having to pay a US$385 million penalty for processing transactions on behalf of a local lender that was under American sanctions.
The Treasury’s Office of Foreign Assets Control...
With cash in the bank after selling the iconic Meikles Hotel, Meikles Limited is refocusing strategy on growing its farm exports.
Meikles sold its flagship hotel to Dubai’s Albwardy for US$20 million in February. The company retains tourism interests, ass...
RioZim sees diamond demand picking up after the coronavirus pandemic forced the business to halt sales in March amid the slump in gem prices.
The company plans to spend over US$400 million to grow production and build what would be...
Selling clothes on credit has long been the hallmark of Edgars stores, the country’s largest clothing retailer. But a turbulent first six months of the year threatens to upend the company's traditional model.
Volumes at Edgars stores fell 55.7% in...
UK investment company Contango says it is in talks with two buyers for off-take agreements for coal products from its newly acquired Lubu coalfield in Hwange.
Supply deals with CoalZim Marketing and South Mining would allow Contango to start production...
Reserve Bank of Zimbabwe governor John Mangudya on Friday issued a mid-term monetary policy statement crammed with optimism, but new measures on forex and mobile money show a bank still battling for control.
Mangudya says the new currency auction system...
The Zimbabwe government and white former farmers recently reached an agreement for compensation for improvements on land taken over for resettlement. The deal has raised controversy, even among farmers. While a vast majority of displaced farmers voted for the...
On Pinfields Farm at Ruwa, the blueberry harvest started two weeks ago, the early crop going to Woolworths shelves in South Africa, as the Zimbabwean blueberry harvest begins well ahead of South Africa.
The 42 hectares of blueberries were established...
