Zimbabwe should look at introducing its own currency to solve the financial crisis, South African Finance minister Tito Mboweni says.  South Africa’s National Treasury director-general, Dondo Mogajane, and Lesetja Kganyago, govenor of the South...
Alrosa, the world’s largest diamond producer by output, is investing in a new operation in Zimbabwe, the company’s CEO has announced. Alrosa has registered a subsidiary in Zimbabwe and will launch exploration and extraction operations in...
Gold output at Caledonia Mining’s Blanket mine in Zimbabwe was up seven percent in the last quarter of 2018, the company reported, as it announced new contracts that will guarantee a stable gold price over the first half year.
The Confederation of Zimbabwe Industries (CZI), which represents the country's biggest manufacturers, says many of its members are days away from collapse to due to deepening forex shortages. We publish here in full CZI's letter to the...
Olivine Industries, the maker of household consumer brands such as Buttercup margarine and Jade soap, has suspended operations after foreign creditors cut off raw material suppliers over a US$11 million debt. The shutdown of...
Finance Minister Mthuli Ncube has addressed members of a conservative caucus in the EU Parliament in Brussels. Below is a transcript of his address, in which, again, he channels Margaret Thatcher to sell his austerity gospel.
Perry Munzwembiri 2018 was a year of two contrasting halves for Zimbabwe. For the greater part of the year, Zimbabweans had the earnest expectation that the July 31 national elections would set the Southern...
After years of brutal hyperinflation, Zimbabwe became known as a place where cash was almost worthless. Now, investors are fighting over EcoCash, the country’s homegrown PayPal-like service that has zoomed into the economy’s cash void.
With Zimbabwe facing a deep economic crisis, marked by acute foreign currency shortages, debate is raging on how best the country can manage the exchange rate. The Government insists on keeping the 1:1 parity for the US dollar and local...
Spanish-Japanese company Univergy International has announced that it will build 180 MW of solar power generation capacity to supply electricity to miner RioZim. Univergy will partner RioEnergy, the RioZim energy arm that is backed Denham Capital, a resources and energy-focused...
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