Zimbabwe Mzi Khumalo

Mzi Khumalo is selling two mines to Landela, and it’s a change of seats...

Mzi Khumalo's Metallon has completed the sale of Shamva Mine to Kuda Tagwirei’s Landela Mining Ventures, while the sale of Mazowe Mine is expected shortly. The transaction represents a change...
Zimbabwe currency

RBZ raises interest rates, issues short-term bonds in inflation fight

The Monetary Policy Committee (MPC) has raised the main policy rate from 15% to 35% and introduced new short term bonds, in a fresh bid to curb rising inflation. However,...
Recession: IMF sees Zimbabwe economy falling into negative growth in 2019

Worse than we thought: IMF cuts Zimbabwe forecast further to -10.4%, but sees 4.2%...

Zimbabwe’s economy will shrink by 10.4% in 2020, worse than the 7.4% estimated just two months ago, the IMF has said in a revised forecast that paints a dire...

Prospect, Sibelco missing deadline for lithium offtake deal

Prospect Resources says it will miss its deadline to reach a petalite offtake agreement with Belgium’s Sibelco, one of the world’s largest glass-ceramic manufacturers. In April, the two companies signed...
Zimbabwe stock exchange

‘We don’t know what to tell investors’: Brokers in the dark after stock exchange...

Stockbrokers in Zimbabwe are struggling to explain to investors after the government shut down the stock exchange. The Zimbabwe Stock Exchange announced Sunday it was suspending trade to comply with...
Caledonia Zimbabwe

Caledonia increases quarterly dividend again as gold output remains steady

Caledonia Mining has declared a further increased quarterly dividend of US$0.085 a share as stable production, cost control and high gold prices increase cash generation. The company operates the Banket...