Zimplats says it has made “significant” progress in resolving delayed payments from government, after reaching a deal to use part of the money owed to settle taxes and other obligations.
Under Zimbabwe’s export surrender...
A new addition to the Harare skyline is on the way, with Hilton set to make its debut in Zimbabwe after signing an agreement with Terrace Africa to develop a 140-room Hilton Garden Inn in Harare’s upmarket...
The Public Service Pension Fund (PSPF) has doubled its stake in CBZ Holdings to 22% after acquiring an additional 10% of the country's biggest banking group for the equivalent of US$96 million.
The transaction,...
Zimbabwe should use stronger-than-expected revenue collections to build a US$275 million fiscal buffer to cushion the economy against possible food shortages linked to an El Niño event, the IMF says.
In its latest review...
Edgars only moved to the Victoria Falls Stock Exchange in 2024, and now the retailer plans to delist. Its largest shareholder, Annunaki Investments, is offering to buy out minority investors at US2.48 cents a share. Annunaki and...
Zimbabwe plans to set up an infrastructure development fund to raise money for major projects without relying on the national budget, Finance Minister Mthuli Ncube says.
As a first step, government is seeking to...
Zimbabwe's drive to expand mining and process more minerals locally is running into a familiar obstacle: not enough electricity.
The country's mining sector will need more than 1,500MW of power within the next 12...
Valterra Platinum said it was making progress extracting current export proceeds from Zimbabwe, but an agreement on getting a historic amount of $100m paid was unresolved.
Zimbabwe owed Valterra Platinum US$123 million last year...
The International Monetary Fund (IMF) has approved the first review of Zimbabwe's 10-month Staff-Monitored Programme (SMP), saying the country has met key targets, but warning of rising risks to growth.
The 10-month Staff-Monitored Programme,...
RBZ Governor John Mushayavanhu says conditions for eventually adopting the ZiG as Zimbabwe’s only currency are falling into place, but his assessment of one of the most important indicators, demand for the local currency, appears out of...
