MINING & RETAIL

Gold sinks as trade talks, easing tensions impact haven demand

Gold fell as its haven status was impacted by signs of progress in trade talks between the US and China, along with some relief to geopolitical tensions.Bullion fell as much as 1,8 percent in early tr...

By Staff reporter | Published: 13 May 2025

TELECOMS & TECHNOLOGY

Cassava Technologies, Zindi to showcase African AI innovation

Cassava Technologies, a global tech giant of African heritage, has signed a landmark Memorandum of Understanding (MoU) with Zindi, Africa's largest professional network for data scientists, to jointly...

By Staff reporter | Published: 12 May 2025

MINING & RETAIL

Zimbabwe gold deliveries surge 63% in April

Zimbabwe recorded a significant jump in gold deliveries in April 2025, with more than 3.8 tonnes of the precious metal delivered to Fidelity Gold Refinery - a 63% increase from the 2.3 tonnes recorded...

By Staff reporter | Published: 12 May 2025

CONSTRUCTION & PROPERTY

Zimbabweans rush into property

Zimbabweans are snapping up properties as a safe-haven against currency uncertainty and the frequent economic policy U-turns that have scared off investors, at a time when a popular hedge - the countr...

By Staff reporter | Published: 11 May 2025

CONSTRUCTION & PROPERTY

Final phase of Harare-Beitbridge highway resume

Construction works on the outstanding sections of the Harare-Beitbridge Highway have resumed in earnest, with contractors now on-site to complete the final 88 kilometres of the 580-kilometre flagship ...

By Staff reporter | Published: 11 May 2025

MINING & RETAIL

Giant lithium miner displaces villagers in Zimbabwe

A tense standoff is unfolding in Bikita, where eight families settled on George Nollen Farm under Chief Marozva in the year 2000, as part of Zimbabwe's land reform programme, are now facing eviction. ...

By Staff reporter | Published: 11 May 2025

MINING & RETAIL

Zimbabwe in massive gold mop up

The Zimbabwean government has launched an aggressive campaign to meet its 2025 gold delivery target of 40 tonnes, amid a global price surge that has seen the value of gold skyrocket to US$3,322.93 per...

By Staff reporter | Published: 11 May 2025

LANDS & AGRICULTURE

Zimbabwe's beef output rises 5.1% in 2024

Zimbabwe produced 94,600 tonnes of beef in 2024, a 5.1 percent increase from 90,000 tonnes in 2023, driven by drought-induced emergency destocking and a steadily growing national herd, according to th...

By Staff reporter | Published: 11 May 2025

LANDS & AGRICULTURE

Winter wheat production takes off in Matebeleland South

Matebeleland South Province is ramping up preparations for the 2025 winter wheat season, with land preparation currently underway and a target of cultivating 2,300 hectares - a modest increase from la...

By Staff reporter | Published: 11 May 2025

CONSTRUCTION & PROPERTY

Mzinyathini gardens housing project halted

Hundreds of home-seekers involved in the multi-million-dollar Mzinyathini Gardens housing project are facing uncertainty after the Umguza Rural District Council (RDC) ordered an immediate halt to all ...

By Staff reporter | Published: 11 May 2025

CONSTRUCTION & PROPERTY

Whi-Zim's cement plant progressing well in Zimbabwe

Construction of a multi-million-dollar cement manufacturing plant by Chinese firm Whi-Zim on the outskirts of Magunje Growth Point is progressing smoothly, with commissioning scheduled for June 2025, ...

By Staff reporter | Published: 10 May 2025

INDUSTRIALS & ENERGY

Zimbabwean industry told to stop importing steel

Dinson Iron and Steel Company (DISCO) Chief Executive Officer, Takana Xu, has called on Zimbabwean industries to stop importing steel and instead support local production, saying the country is now ca...

By Staff reporter | Published: 10 May 2025

LANDS & AGRICULTURE

Zimbabwe, Philippines forge tobacco pact

Stakeholders in Zimbabwe's tobacco industry have expressed optimism about the ongoing collaboration between the Zimbabwean tobacco sector and the National Tobacco Administration (NTA) of the Philippin...

By Staff reporter | Published: 10 May 2025

TRADE & INDUSTRY

Zimbabwe's steel industry set for a significant revival

Zimbabwe's steel industry is set for a significant revival as the Zimbabwe Iron and Steel Company (Zisco) collaborates with Dinson Iron & Steel Company to drive growth and development in the secto...

By Staff reporter | Published: 10 May 2025

CONSTRUCTION & PROPERTY

WestProp records 80% revenue surge amid residential property boom

Listed property developer WestProp Holdings Limited has announced a substantial 80 percent rise in revenue for the financial year ended December 31, 2024, propelled by surging demand for residential r...

By Staff reporter | Published: 10 May 2025

FINANCIAL SERVICES

Standard Chartered Plc takes US$172m hit on Zimbabwe exit

British banking giant Standard Chartered PLC (StanChart) has reported a US$172 million loss in 2024 tied to the sale of its Zimbabwean subsidiary, citing severe foreign exchange translation losses tha...

By Staff reporter | Published: 09 May 2025

MINING & RETAIL

SA miner Sibanye to inject US$16,44m into Mimosa

South African mining giant Sibanye-Stillwater has committed to injecting R300 million (US$16,44 million) in capital expenditure into Mimosa Mine in 2025, despite the Zimbabwean platinum operation post...

By Staff reporter | Published: 09 May 2025

CONSTRUCTION & PROPERTY

FMP rental collection rate declines

First Mutual Properties (FMP) has reported a decline in rental collection rates for the year 2024, with tenant payments slipping by 10 percentage points to 75%, down from 85% in 2023, as economic pres...

By Staff reporter | Published: 09 May 2025

INDUSTRIALS & ENERGY

RioZim in firing line over US$5m power debt

Renco Mine, a subsidiary of Zimbabwe Stock Exchange-listed miner RioZim Limited, is facing a looming power disconnection due to an outstanding US$4.7 million debt owed to the Zimbabwe Electricity Tran...

By Staff reporter | Published: 09 May 2025

INDUSTRIALS & ENERGY

Eat n Lick hits troubled times

Popular fast-food chain Eat n Lick is facing internal turmoil amid rising worker dissatisfaction over unpaid salaries and poor welfare conditions, raising questions over the company's aggressive expan...

By Staff reporter | Published: 09 May 2025

LANDS & AGRICULTURE

Vast discovers extra diamonds in long-disputed Zimbabwe parcel

AIM-listed miner Vast Resources has announced the discovery of more diamonds than originally anticipated in a long-contested parcel that was held by the Reserve Bank of Zimbabwe (RBZ) since 2010, mark...

By Staff reporter | Published: 09 May 2025

TRADE & INDUSTRY

Zimbabwe govt still struggling to revive ZISCO Steel

Years after pledging to revive the defunct ZISCO Steel, the Zimbabwean government is still grappling to present a clear, actionable plan for restoring the once-iconic steel manufacturer to its former ...

By Staff reporter | Published: 09 May 2025

LANDS & AGRICULTURE

Tanganda wins US$47,000 tea dispute

Tanganda Tea Company has won a long-running legal battle at the High Court of Zimbabwe against trader Darlington Matsitukwa, over an unpaid foreign currency debt for tea products sold for resale in Ma...

By Staff reporter | Published: 09 May 2025

MINING & RETAIL

Chitando bemoans gold smuggling

Mines and Mining Development Minister Winston Chitando has raised alarm over the persistent threat of gold smuggling and other illicit activities, warning that Zimbabwe could be losing up to 40% of it...

By Staff reporter | Published: 09 May 2025

MINING & RETAIL

Zimbabwe mines ministry steps up EPOs review

The Ministry of Mines and Mining Development is intensifying its review of Exclusive Prospecting Orders (EPOs) as part of a broader effort to eliminate speculative land holding and unlock Zimbabwe's v...

By Staff reporter | Published: 09 May 2025
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