Exodus and Company’s planned US$42 million bond, meant to raise part of the US$360 million needed for a 354km road to the Kanyemba border, may test a new option for funding infrastructure, away from the government’s inflationary...
In 2000, Eureka Mine in Guruve stopped operations after Delta Gold left Zimbabwe. In 2018, Dallaglio, the mining arm of Pdenga Holdings, took over and invested over US$50 million. In 2021, the mine was brought back to...
Zimbabweans abroad sent home US$1.66 billion dollars in 2022, which was 16% more than they did in the previous year.
According to the Reserve Bank of Zimbabwe, total international remittances amounted to US$2.80 billion....
Reserve Bank of Zimbabwe has slashed interest rates by 50 percentage points and increased the portion of earnings that exporters can keep in foreign currency, in new monetary policy measures announced by central bank governor John Mangudya...
Annual inflation eased to 229.8% in January from 243.8% in December, latest Zimstat data shows, but more and more people are ditching the volatile Zimbabwe dollar for US dollars.
In January, month-on-month inflation...
Southern African leaders have adopted an African Union declaration condemning a proposed United States law that would punish African countries for maintaining political and economic ties to Russia.
At Tuesday’s extraordinary meeting of the...
With hundreds of tractors laid out before him, Belarusian president Aleksandr Lukashenko wasted no time telling the gathered crowd just why he was in Zimbabwe, his first such visit to this part of the world.
Aftrade, a company owned by controversial Belarusian businessman Alexander Zingman, is one of the biggest winners from a series of business deals just signed between Zimbabwe and Belarus.
Riding on Belarusian president Aleksandr Lukashenko’s...
Zimbabwe is looking to its mining industry to lead an economic recovery, but the government’s own failure to invest in the country’s rail system is pushing those ambitions offtrack.
Because the government is not...
Seed Co says record sales of wheat and soya seed helped lift volumes by 14% in the nine months to December and by 46% in the last quarter of 2022.
Zimbabwe last year increased...
