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

CONSTRUCTION & PROPERTY

John Pocock and Company celebrate 70 years of service in Bulawayo

From humble beginnings in a single-room office to becoming one of Bulawayo's most trusted names in real estate, John Pocock and Company is celebrating a remarkable 70-year milestone in 2025 - a testam...

By Staff reporter | Published: 09 May 2025

LANDS & AGRICULTURE

Zimbabwe's berry export earnings soar by 351%

Zimbabwe's berries sub-sector is rewriting the story of the country's horticultural industry, with export earnings surging by an astonishing 351 percent from US$11 million in 2020 to over US$50 millio...

By Staff reporter | Published: 09 May 2025

MINING & RETAIL

Kuvimba sets aside US$54m Capex for gold cluster

Kuvimba Mining House (KMH) has announced a substantial US$54 million capital expenditure (Capex) for its gold cluster in the financial year to March 2026, as part of its ongoing efforts to enhance ope...

By Staff reporter | Published: 08 May 2025

MINING & RETAIL

Zimbabwe retail sector to grow by 5,10% in 2025

The Zimbabwean retail sector is projected to grow by 5.10% in 2025, with its future expansion dependent on how well it navigates the challenges of the operating environment, including the increasing d...

By Staff reporter | Published: 08 May 2025

MINING & RETAIL

Zimbabwe records 62,5% rise in gold deliveries

Zimbabwe's gold sector continues to perform exceptionally well, with April 2025 gold deliveries reaching a remarkable 3.9 tonnes, marking a 62.5% increase from the 2.4 tonnes recorded during the same ...

By Staff reporter | Published: 08 May 2025

MINING & RETAIL

Premier pins Zulu project rescue plan on Glencore

Premier African Minerals is betting on a potential supply agreement with global commodities powerhouse Glencore Plc to breathe life into its financially embattled Zulu lithium project in Zimbabwe and ...

By Staff reporter | Published: 08 May 2025

CONSTRUCTION & PROPERTY

Eagle REIT targets VFEX debut by May

Eagle Real Estate Investment Trust (Eagle REIT) is set to make its debut on the Victoria Falls Stock Exchange (VFEX) next Thursday, listing approximately 137.6 million existing units through a listing...

By Staff reporter | Published: 08 May 2025

TRANSPORT & TOURISM

African Sun tables aggressive refurbishment initiatives

TOP hospitality group, African Sun Limited (ASL) has tabled an aggressive refurbishment initiative which will further enhance the brand's competitiveness on the global front.Presenting the group's per...

By Staff reporter | Published: 07 May 2025

TELECOMS & TECHNOLOGY

Skype is officially dead

Microsoft has officially pulled the plug on Skype, the once-dominant voice and video calling platform, and is now steering users toward its workplace collaboration platform, Microsoft Teams.The compan...

By Staff reporter | Published: 07 May 2025

INDUSTRIALS & ENERGY

Muchenje takes the reins at Schweppes

Schweppes Holdings Africa Limited has announced the appointment of seasoned beverages executive, Mr Stanley Muchenje, as its new Managing Director, effective 1 May 2025.Muchenje takes over from long-s...

By Staff reporter | Published: 07 May 2025

TRANSPORT & TOURISM

African Sun tables aggressive refurbishment initiatives

Leading hospitality group African Sun Limited (ASL) has announced an ambitious refurbishment program aimed at boosting its competitive edge on the global tourism stage, despite economic headwinds and ...

By Staff reporter | Published: 07 May 2025

INDUSTRIALS & ENERGY

Zesa expects normal service at Hwange on Friday

ZESA Holdings has announced that normal electricity supplies from Hwange Power Station are expected to resume by Friday, May 9, following an emergency outage caused by tube leaks that crippled all uni...

By Staff reporter | Published: 07 May 2025

MINING & RETAIL

OK Zimbabwe targets US$30 million capital raise

OK Zimbabwe Limited, the country's largest retail chain, says it is in advanced discussions to raise US$30 million in fresh capital as part of a strategic plan to revive its operations, clear debts, a...

By Staff reporter | Published: 07 May 2025
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