Caledonia Mining posted higher profit for 2020 on record production at Blanket Mine and higher gold prices.
EBITDA rose to US$43.3 million, from US$29.9 million in 2019, as revenue jumped a third to US$100 million.
ZESA rejected a proposal by Kuda Tagwirei’s Sakunda Holdings to buy the failed Dema diesel power plant for US$66 million, Parliament heard on Monday.
Sakunda was in 2015 awarded a contract to install the...
Zimbabwe boasts of big earnings from tobacco each year, but these figures hide the true picture; growers are sinking in debt, the industry is not attracting new farmers and the country is not earning as much as...
It has been a year since Zimbabwe’s first recorded its first case of coronavirus. A year later, 1510 people have died, and a total of 36 652 cases have been recorded.
Like elsewhere around...
Five months ago, George Roach, the CEO of Premier Africa Minerals, was sounding the frustration shared by many would-be investors in Zimbabwe. He was casting his eyes elsewhere.
Bureaucracy was stalling the company’s investment...
The Minerals Marketing Corporation of Zimbabwe (MMCZ) is offering a venture capital partnership to bidders willing to set up a diamond processing company.
MMCZ plans to invest in a company that offers a return...
In the early months of the coronavirus pandemic, states and countries battled each other for scarce medical supplies in what governors and executives called a high-seas black market, exposing the woeful inadequacy of the global supply chain.
President Emmerson Mnangagwa has written to Russian President Vladimir Putin about a contract to buy Sputnik V coronavirus vaccine doses, according to Zimbabwe’s ambassador to Moscow.
Russia has already pledged a donation of 12,000 doses of its Sputnik V...
Zimbabwe's economy will recover by a “modest” 4.2% in 2021, but this depends on whether Zimbabwe maintains exchange rate stability and controls money supply growth, the African Development Bank (AfDB) says.
The bank...
Zimbabwe will target the education sector, religious leaders and people with chronic illnesses to ramp up the country's slow COVID-19 vaccination programme after 400,000 more vaccine doses arrived from China on Tuesday.
A consignment...
