President Emmerson Mnangagwa has broken ground on a proposed new thermal power station in Hwange, pledging to allow “competitive tariffs” to attract investors wary about Zimbabwe’s currency risk.
Titan New Energy of China plans...
John Moxon agreed to sell Meikles’ 50% shareholding in the Victoria Falls Hotel business without board approval and tries to bully board members to rubber-stamp his decisions.
This is according to the four Meikles...
Choppies is leaving Zimbabwe and has opened talks to sell its business, citing the impact of policies that favour informal traders over formal retail.
The company says it has "entered into discussions regarding a...
Finance Minister Mthuli Ncube is imposing new tax measures – including on betting winnings and fast food – in a national budget that shows the depth of the government’s fiscal crisis.
Mthuli is also...
National Foods, the country’s biggest food producer, says it is leaving the Victoria Falls Stock Exchange (VFEX) because it no longer needs the market to raise money.
The VFEX was established in 2020 on...
John Moxon was in a hospital bed when Meikles directors met to sell off a key asset and fire the CEO – and he claims someone lied that his phone had been “compromised” to keep him in...
Zimbabwe owes over $12 billion to foreign creditors. A significant portion of that is made up of arrears. In 2022, Zimbabwe engaged the African Development Bank president, Akinwumi Adesina, to facilitate talks with creditors to reach a...
When Namibia holds national elections on Wednesday, the main fight will feature three candidates with ties to the ruling party, SWAPO, which has led the country since independence in 1990.
After surprise election results...
The government has changed the law to allow the country’s sovereign wealth fund, Mutapa, to use the State assets it controls as collateral to borrow money.
The changes, gazetted Friday, have been made through...
By Ranga Mberi
Finance Minister Mthuli Ncube is due to present his 2025 budget statement, and business groups are lobbying for measures to support their industries.
Zimbabwe’s mining sector, the...
