British explorer Marula Mining has stopped planned exploration and project acquisition activities in Zimbabwe after failing to secure opportunities that met its expectations.AQSE-listed Marula, through its 80% owned Zimbabwean operating subsidiary, Muchai Mining, had been seeking near-term and advanced...
White commercial growers in Zimbabwe said that the government has failed to pay part of $331 million in compensation to farmers for expropriating their land but reimbursed others who weren’t part of the deal.
The Mutapa Investment Fund is turning to Afreximbank to help raise up to US$50 million for the technical support it needs to turn State assets into bankable investments, a likely pointer of the fund's strategy on parastatals.
CBZ says it’s not ending its ambitions to build a regional financial giant after competition regulators turned down its plans to take over First Mutual Limited, a transaction that was a key chess piece in its game...
Finance Minister Mthuli Ncube recently announced a national budget that introduced a raft of new tax measures. As is tradition, Parliament’s Portfolio Committee on Budget and Finance has consulted different groups, including unions and business associations, on...
Soon after coming to power in 2017 one of the first major economic decisions President Emmerson Mnangagwa made was to announce he was ditching the 51% local ownership rule for foreign investors. Businesses could now own 100%,...
Miners dominate power usage, according to a report by the country's biggest energy consumers.
According to Energy Minister Edgar Moyo, demand from the mining industry alone has now risen to 2,600MW due to new...
A decade ago, Econet Wireless stepped out to form a product to meet a growing demand in the market.
Seeing an opportunity to bridge this gap, the country’s largest telecoms provider leveraged its expansive...
Zimbabwe’s biggest sugar producer says sales and revenue are up after the government restored a ban on imported sugar, which had eroded up to 25% of local producers' market share.
The government allowed...
Only one state enterprise has complied with a government order to set aside a portion of revenue to pay off debts, according to Treasury’s latest debt report.
Faced with rising debt and arrears, the...
