Zimbabwean businesses accepting payment in foreign currency but paying taxes only in Zimbabwe dollars risk heavy fines, the Zimbabwe Revenue Authority (Zimra) says.
Zimra and the Reserve Bank of Zimbabwe on Thursday issued a joint appeal for voluntary compliance with...
Seedco, the country’s largest seed producer, says it sold 56.5% more wheat seed in the three months to June than it did over the same period last year, as irrigation and power supply improved.
In a trade update, Seedco said...
Sugar exports from Hippo Valley Estates, one of Zimbabwe’s largest producers, more than doubled in the last quarter, lifted by bigger shipments to Kenya.
Hippo, 50.3% owned by Tongaat Hullet, says in a market update that it shipped 32 080...
Lithium developer Prospect Resources has signed a seven-year deal to supply ultra-low iron petalite to Belgium’s Sibelco, the largest distributor of the metal in Europe and one of the world’s largest glass-ceramic manufacturers.
Petalite is used in the glass and...
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...
Caledonia Mining has reported a 35% jump in underlying second quarter earnings to US$9.6 million as output increased.
The company’s Blanket Mine produced 13,499 ounces of gold in the quarter to June, compared to 12,712 ounces in the same quarter...
Invictus Energy can now start exploration at its Muzarabani project after the Environmental Management Authority (EMA) approved the company's Environmental Impact Assessment (EIA) plan.
A certificate has been issued to Geo Associates, which is 80% owned by Invictus and is...
South African President Cyril Ramaphosa is sending two envoys to Zimbabwe, as pressure grows on the region to act on the deteriorating rights situation in the country.
Ramaphosa has appointed Sydney Mufamadi and Baleka Mbete as special envoys, “following...
Distributed Power Africa (DPA) has completed the roll-out of over 500 Tesla lithium ion batteries to power commercial offices and telecom towers in Zimbabwe, Zambia and South Africa.
According to the company, commercial activity has picked up after recent lockdowns...
The United States of America has placed businessman Kuda Tagwirei and his firm Sakunda Holdings under sanctions over his support for the Zimbabwe government.
The step had long been expected after Tagwirei received repeated public criticism from American diplomats, leading...
