Energy firm Grid Africa has secured equity investment of R50 million (approximately US$3 million) from South Africa’s Rifuwo Energy Partners to extend project rollout in the region.
The investment comes as power costs soar...
African Sun has completed a major renovation of its iconic Hwange Safari Lodge, part of a strategy by Zimbabwe’s biggest hotel operator to upgrade its properties in response to growing tourist arrivals.
The lodge,...
Mutapa Investment Fund has US$16 billion worth of assets under management, according to John Mangudya, CEO of Zimbabwe’s sovereign wealth fund.
Mangudya told the Sunday Mail that Mutapa in June completed a “comprehensive diagnostic...
Rainbow Tourism Group (RTG) recorded hotel occupancies above 50%, the first time this has ever happened in the first half of the year, benefitting from conferencing and rising tourist arrivals.
The company runs six...
Less than two years after commissioning its US$14.3 million solar plant, Caledonia Mining has sold it for US$22.35 million, and will use the profits for its operations.
Energy Company CrossBoundary Energy (CBE) is to...
Old Mutual Zimbabwe has launched a US$100 million private equity fund targeting renewable energy investments.
The Old Mutual Renewable Energy Fund, backed by UN agencies and the government, aims to meet rising demand for...
Zimbabwe's state-owned railway operator has opened its network up to private players, including a unit of South Africa's Grindrod, as it seeks to boost freight volumes that had collapsed after decades of underinvestment, an official said.
Sage, a provider of cloud-based financial management solutions, has launched Sage Intacct in Zimbabwe, targeting to provide automation and data-driven insights for growing businesses in the country.
According to the company, Sage Intacct's innovative...
Avocados from Zimbabwe can now be exported to the Chinese market for the first time after a new trade deal signed Tuesday at the Forum on China and Africa Cooperation (FOCAC) in Beijing.
The...
By Tonde Maruke
President Emmerson Mnangagwa has said he will not seek to extend his stay in power. That many people do not believe him goes to the heart of his legacy as...
