Zimbabweans drank record amounts of lager beer in 2022, handing the country’s biggest brewer Delta Beverages revenues of US$713 million in the year.
Demand for beer was driven by government construction projects, miners, farmers,...
Dallaglio, the mining arm of VFEX-listed Padenga, more than doubled gold output in 2022, the first full year of production for its new mine, Eureka.
The company, which also runs Pickstone Mine near Chegutu,...
By Ray Ndlovu
The International Monetary Fund cautioned Zimbabwe against adopting a gold-backed digital currency to deal with macroeconomic challenges like volatility in the local unit, saying it should rather liberalise its foreign-exchange...
Zimbabwe is talking up a US$12 billion mining industry and riding a lithium wave, but the country still has much to do to clear perceptions among some of the world’s most influential resource investors.
Bikita Minerals expects to complete its new lithium processing plant in June, saying it has doubled revenue after metals giant Sinomine took over the country’s oldest petalite mine last year.
Sinomine bought into Bikita...
Invictus Energy, the company exploring for gas in Zimbabwe, says mud gas analysis confirms the presence of gas deposits, providing encouragement for the company ahead of the drilling of a second exploration well in the third quarter...
South Africa's Barloworld, the distributor of Caterpillar construction equipment, says it is stepping up its presence in Zimbabwe after exiting a 70-year partnership with Zimplow unit Barzem.
Barloworld said it took the "strategic decision...
The serenity of Zimbabwe’s world-famous Mana Pools could be disturbed by mining rigs if government okays an application by a little-known company to prospect for oil and gas in the area.
According to a...
By Tonderai Maruke
It already dominates property in Zimbabwe, but now Old Mutual is moving to occupy a different kind of real estate - in the digital space.
Old Mutual, the...
Finance Minister Mthuli Ncube says he may raise interest rates again to try and shore up a rapidly depreciating Zimbabwe dollar.
The exchange rate has fallen from Z$705 in January to Z$1,021 on the...
