President Emmerson Mnangagwa has announced a raft of measures that he says are necessary to stabilize the exchange rate. Flanked by Finance Minister Mthuli Ncube and RBZ governor John Mangudya, Mnangagwa said “strong fundamentals”...
A capital shortfall of US$10 billion over the next five years will limit Zimbabwean mines' ability to build on better commodity prices expected this year, the Chamber of Mines says. Gold and platinum producers...
By Nelson Banya RioZim, which had been banking on Chinese financing to build a major coal-fired power plant, says it is now looking for alternative backers as China pulls back on funding such...
The International Monetary Fund (IMF) says Zimbabwe’s economy grew 6.3% in 2021, recovering from a 11.7% contraction between 2019 and 2020, but the Fund warns that the country needs reforms to sustain growth and stem rising poverty.
Zimbabwe’s biggest diamond miner says it will resume its monthly auction April, ending an eight-month hiatus caused by COVID-19, after a record year of production in 2021. The Zimbabwe Consolidated Diamond Company (ZCDC) beat...
Government has announced a 20% pay hike plus US$100 for its workers, hoping to end a teachers’ strike that disrupted the opening of schools this week. Finance Minister Mthuli Ncube said late on Tuesday...
Cement producer PPC says cement sales volumes in Zimbabwe grew by a better-than-expected 19% in the six months to September, as the industry saw double-digit growth in demand for cement. PPC, which says it...
By Gugu Lourie Like many people affected by Eskom’s load-shedding, I found myself thinking about technology and how authentic leadership can accelerate development and fight poverty in Africa and the rest of the world.
Economic prospects may be uncertain in Zimbabwe, but the beer is flowing. According to Delta, the country’s biggest brewer and beverage manufacturer, sales volumes were up across all its products in the six...
CBZ has completed the acquisition of 31% of First Mutual Holdings Limited, giving Zimbabwe’s biggest bank a foothold in one of the country’s largest insurance and property firms. In a stock exchange filing on...
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