The Africa Export-Import Bank (Afreximbank) is to arrange
and manage a US$143 million project finance debt facility for Prospect
Resources, and has agreed to fund and hold US$75 million of the arrangement to
fund development of Zimbabwe’s Arcadia lithium mine....
By Chris Chenga
Why do you expect corrupt people to be remorseful?
It seems a natural expectation, in most
of us. But, have you ever thought deeply about why you...
Higherlife Foundation has launched a campaign to mobilise financial and material support for Zimbabwe’s crisis-hit public hospitals, the charity announced Thursday.
Higherlife is run by Tsitsi and Strive Masiyiwa, founder of the country’s largest...
Australian lithium developer Prospect Resources has signed a memorandum of understanding with Uranium One, the Canada-based unit of Russia’s Rosatom, that could see the miner take up a stake in Prospect and buy over half of the...
Nearly two decades after Robert Mugabe began his ruinous purge of white Zimbabwean farmers, hundreds are returning to the land as tenants of the black beneficiaries of his land seizures.
It may not...
The World Food Programme (WFP) says it is rapidly expanding an already sizeable emergency operation in Zimbabwe where drought, flooding and economic meltdown have plunged 7.7 million people – half the population – into severe hunger.
Zimbabwe will exempt Prospect Resources from paying a levy on unprocessed lithium from its planned Arcadia Mine for five years, which will cut the costs of developing the project, the company says.
Prospect...
Bindura Nickel Corporation (BNC) has appointed three
associates of commodity baron Kuda Tagwirei to the board, after the recent
takeover of the country’s largest nickel miner by Sotic International, linked
to Tagwirei’s partners Trafigura.
Sotic International,...
Executives at Hippo Valley and Triangle estates overstated sugar sales in order to meet targets and reap bonuses, according to an audit by parent company Tongaat Hullet.
Tongaat on Friday said it had...
Finance Minister Mthuli Ncube’s 2020 budget could increase money supply and make it harder to rein in inflation, the Monetary Policy Committee (MPC) says.
The MPC however decided to keep rates steady at 35%,...
