Australian firm Prospect Resources has today announced that its 70 percent owned Zimbabwe subsidiary, Prospect Lithium Zimbabwe, has received a US$10 million Export Finance Facility from the Reserve Bank of Zimbabwe through CBZ Bank.
The loan carries an interest rate...
THE government will, at the end of September, announce measures to address the ongoing currency crisis, when the central bank makes its monetary policy statement, newly appointed Finance Minister Mthuli Ncube said on Monday.
Dollarised Zimbabwe has grappled with a...
AT the height of the 2004 liquidity crisis, the then newly appointed central bank governor, Gideon Gono, cracked down on local banks with the zeal of a crusader and sent several owner-managers scattering.
Gono accused the banks of abusing depositor...
PRESIDENT Emmerson Mnangagwa on Friday named respected banker and academic Mthuli Ncube as Finance Minister and dropped several veterans from a 20-member Cabinet that bore more pleasant surprises than disappointments.
Mnangagwa, who assumed the presidency after former leader Robert Mugabe...
Nespresso, a unit of Nestlé, has announced a long-term investment plan to revive Zimbabwe’s coffee industry.
The company will provide training and technical assistance to 400 smallholder coffee farmers over the next five years, with the goal of increasing the...
AIM-listed miner Vast Resources PLC has raised £863,750 through a subscription, part of which will be used for due diligence at the Marange Diamond Fields.
The company announced recently that it had reached an agreement giving it access to the...
China has announced $60 billion in new funding to Africa, and the scramble is on among African leaders for a piece of that pie. China’s massive “belt and road” initiative will see Chinese investment in infrastructure across the region,...
Zimbabwe is currently facing a shortage of cement, and the reason is that producers do not have the foreign currency to meet booming demand.
Forex for plant inputs
The country’s major cement makers, among them PPC, Lafarge and SinoZim, have released...
Zimbabwe is donating ten white rhinos to the Democratic Republic of Congo to help the central African country replace its herd, which was decimated by poaching.
In a statement on Saturday, the Zimbabwe Parks and Wildlife Management Authority said the...
FORMER South African President Kgalema Motlanthe will chair a seven-member commission of inquiry into Zimbabwe’s post-election violence.
Seven people were left dead following a military crackdown on opposition protesters in Harare on August 1, tainting an election that had been...
