Forex crisis: RioZim suspends operations at 3 mines
RioZim, Zimbabwe's second largest gold producer, has stopped production at its three gold mines after running out of imported inputs, a sign of widespread distress across the country's mining...
NEWS MAKER: Everyone is striving for Masiyiwa’s endorsement, but his loyalty is to business
President Emmerson Mnangagwa is “sincere in what he’s doing”, economic recovery will be tough and Western sanctions must be lifted, says Econet Wireless founder Strive Masiyiwa.
Masiyiwa was part of...
Zimbabwe: A shortage of goods, but an oversupply of lies and cowardice
ZIMBABWE’S economy is, once again, in turmoil. Unrestrained government expenditure has rekindled inflationary flames, the country’s huge import bill continues to exert pressure on limited foreign currency earnings and...
Lithium miner sees first Kamativi production in Q2 next year
Zimbabwe Lithium Company (ZLC) expects to complete a pilot plant and start production of lithium concentrates in the second quarter of 2019 after a legal dispute delayed work on...
Zimbabwe’s 2018 budget deficit seen at 11.1% of GDP – Perm Sec
Zimbabwe’s budget deficit will more than double to 11.1 percent of gross domestic product this year from an initial forecast of 5 percent due to runaway government spending, a...
Expect more pain, ED tells businesses, as they demand forex solution
President Emmerson Mnangagwa has told business leaders to expect more pain as his Government plans “structural reforms”, insisting there is no other way to save the economy.
At a meeting...
