Finance Minister Mthuli Ncube has trimmed his economic growth forecast for 2022 to 4.6% from his previous 5.5%, citing “the impact of the external global environment as well as our own unique circumstances”.
Ncube...
In this installment of her column, 'Elephant in the Room', Dr Milayo Ndou shares her experience as a victim of gender-based trolling on social media, and provokes new thinking on the role we play as online 'bystanders'...
Caledonia Mining says it plans to invest US$250 million over three years to develop Bilboes Mine, once it completes the takeover of one of Zimbabwe’s most prized mining assets.
Last week, Caledonia announced it...
Victor Gapare was an executive at Anglo American Corporation Zimbabwe when the company exited Zimbabwe’s gold sector in 2003. Gapare was part of a management buyout that took over Bilboes, a mine 75km from Bulawayo.
Industry capacity utilisation, which rose to its best levels in a decade last year, may fall in 2022 due to power cuts, the head of the Confederation of Zimbabwe Industries (CZI) fears.
In 2021,...
Government likes to tout mining as the sector that will lift Zimbabwe's economy from crisis, but miners say its policies are, in fact, hurting them.
Currency regulations, lack of clarity on policy, high...
Turnall, one of Zimbabwe’s biggest building materials, is changing hands after new investors bought NSSA’s 32.55% stake in the company.
Mega Market owns 17% of Turnall. Zimbabwean Brands, an associate of Mega Market, bought...
Caledonia Mining has agreed to buy Bilboes gold mine for US$53 million worth of stock, a deal that could increase Caledonia’s gold output by four times.
Caledonia currently owns Blanket Mine and has stated...
Strive Masiyiwa, who runs firms including Africa’s largest fiber-optic cable network, plans to raise as much as US$500 million to expand his digital infrastructure and services businesses.
The tycoon’s Cassava Technologies will tap investors...
Chengxin, the Shenzhen-listed company that has acquired lithium prospects in Zimbabwe, expects to spend US$130 million to develop the new Sabi Star mine in Buhera.
The company, listed on the Shenzhen stock exchange, spent...
