In 2022, inflation remained high, the exchange rate was on steroids for long periods, lights went out often and Zimbabwe’s long tradition of policy shifts kept businesses on edge.
There was, still, some business...
Lithium is going to get less expensive in 2023, according to a Chinese supplier of the battery metal.
Prices have already softened after a spectacular two-year rally labelled “insane” by Elon Musk and “unreasonable”...
Trading in Lafarge shares has been suspended on the Zimbabwe Stock Exchange (ZSE), as the company reviews the impact of American sanctions imposed on its new owners.
The US government imposed sanctions on Fossil...
The government is giving guarantees to 27 independent power producers, with projects of a combined 1000MW, hoping to clear a key hurdle that has kept energy investors away and left Zimbabwe facing power shortages.
The IMF says as inflationary pressures ‘subside’ in Zimbabwe, the country must maintain a tight monetary policy, lift forex controls and ease out gold coins.
Ending its latest routine mission to Zimbabwe, an IMF...
The US has imposed sanctions on Fossil Contracting, a major player in government infrastructure projects, and Fossil Agro, a supplier of state farm programmes, over providing support to the government and for ties to Kuda Tagwirei.
Fossil Mines has completed the takeover of Lafarge Cement, giving the infrastructure company control of one of Zimbabwe’s biggest cement producers.
The deal reportedly involves over 61 million shares at a negotiated price of...
Tharisa has extended its US$50 million bond issue for Karo Mining, saying it needed to mop up “strong interest” from potential investors. A regulatory holdup may also be standing in the way.
The company...
A new mall at the Zimbabwe Agriculture Showgrounds and a hotel are among new projects that property developer Terrace Africa plans to add to the portfolio of Tigere Property Fund, which has become the first property fund...
Authorities are toasting the slowdown in inflation as a victory for central bank’s tight monetary policy, but reports by consumer companies show the damage the measures are having on spending.
In July, the Reserve...
