In 2008 and 2009, as Zimbabwe’s worst cholera outbreak was ravaging the country, leaving over 4,000 people dead, donors helped revive the collapsing public health system by paying medical professionals’ salaries.
A decade later,...
With the exit of South Africa’s Pepkor, Power Sales is remodeling the business to source product from local manufacturers.
Under Pepkor, all Power Sales stock was sourced 100% from South Africa. This is unlike...
Cash-strapped budget airline FastJet plc says it is in talks to sell its Zimbabwean unit to a consortium led by its major shareholder Solenta Aviation for $8 million, a deal that it says is necessary to keep its...
Edgars says it is opening new stores despite falling consumer spending that resulted in a 23% drop in volumes in the months to September.
Unit sales at Edgars stores were down 25% compared to...
Zimbabwe’s mining industry has appealed to the government
for help, saying output is slumping as the state-owned power company fails to
honour electricity-supply contracts.
Zesa Holdings has broken its promise to “ring-fence”
supplies to miners, Zimbabwe’s Chamber...
It's a group of minerals used in everything from LCD TVs to batteries and defence technology, but rare earth elements (REE) have barely had a mention in any talks about Zimbabwe's mineral potential.
South African retailer Pepkor Holdings says it is selling its remaining Power Sales outlets in Zimbabwe after a R70 million loss in the year hurt group performance.
Devaluation of the local currency had...
Zimbabwe has lifted import controls on grain as it attempts
to soften the impact of the worst drought to hit the region in almost four
decades.
UN estimates are that at least 5.7 million Zimbabweans...
Zimbabwe will force importers to declare sources of foreign
currency and those who fail to prove they obtained the money from banks will
forfeit their goods to the state, a government official said on Friday.
Deputy...
Shareholders of Meikles Limited are to meet next month to
vote on the sale of Meikles Hotel to Dubai’s Albwardy Investment for US$20 million,
according to a circular released by Meikles Limited on Friday.
Albwardy’s...
