Zimbabwe’s ferrochrome miners, the nation’s biggest electricity consumers, have agreed to build their own power plants over the next two years as the government seeks to balance energy demand.
Under the agreement, ferrochrome producers...
Cement producer PPC Africa expects a 20% increase in earnings for the year ending in March, driven by strong performance from its Zimbabwe operations.
An extended shutdown of PPC Zimbabwe’s kiln hurt annual profits...
The National Railways of Zimbabwe needs US$431 million for a rail link to the new Manhize steel plant, which has just started production.
The plant, built by Tsingshan’s Dinson Iron and Steel Company near...
Government wants Zimbabwe's ferrochrome producers, the heaviest consumers of energy, to produce their own power within the next two years and relieve pressure on the grid.
Energy Minister Edgar Moyo says power demand from...
IMC Communications, the company awarded the contract to distribute Starlink in Zimbabwe, has appointed tech executive Denny Marandure as its MD, as it prepares to start its kit rollout in the third quarter of this year.
By Ranga Mberi
Zimbabwe is desperate to get more out of its lithium wealth, but the country is also trying to strike a balance to keep investors happy.
The country...
Caledonia Mining expects to triple its gold output once it develops Bilboes, the gold asset it acquired last year, after the company decided on a single-phase development strategy for the new project.
The company has...
Zimbabwe wants steep reductions in debt values from creditors whom it cumulatively owes $19.2 billion, as part of efforts to reorganise arrears that are a weight on the economy.
“We will be looking for...
In 2023, the Edgars Store in Bulawayo closed shop. One of the reasons was the army of vendors selling cheap clothes on its doorstep. For the biggest clothing manufacturer in the country, the informal market has been...
The African Development Bank expects the Zimbabwe economy to grow by only 2% in 2024, 1.6 percentage points lower than its previous forecast, due to a combination of drought, weak commodity prices and debt.
