FINANCIAL SERVICES

Zimbabwe insurers urged to adapt or perish

The Insurance and Pensions Commission (Ipec) has called on Zimbabwean insurers to adapt to digital transformation while expanding into untapped sectors to boost resilience and competitiveness.Speaking...

By Staff reporter | Published: 27 mins ago

MINING & RETAIL

Chinese cement company slapped with US$10,000 fine

Chinese cement manufacturer Shuntai Investments (Private) Limited has been fined US$10,000 for contempt of court after failing to comply with a provisional order halting the construction of its cement...

By Staff reporter | Published: 14 hours ago

MINING & RETAIL

Zimbabwe labs struggle with a surge in mineral samples

Zimbabwean laboratories are struggling to cope with a surge in mineral samples submitted by mines ramping up exploration activity in response to record gold prices, a mine executive said on Wednesday....

By Staff reporter | Published: 18 hours ago

INDUSTRIALS & ENERGY

Nampak to sell 51% stake in Zimbabwe unit

South African packaging giant Nampak Limited has reached a sale and purchase agreement to divest its 51,43% stake in Nampak Zimbabwe to TSL Limited, subject to regulatory and other suspensive conditio...

By Staff reporter | Published: 21 hours ago

INDUSTRIALS & ENERGY

Beverage makers say 35% RBZ rate hampers growth

Zimbabwe's beverage industry has raised concerns over the Reserve Bank of Zimbabwe's (RBZ) decision to maintain the bank policy rate at 35% per annum, saying the high interest rate is constraining gr...

By Staff reporter | Published: 22 hours ago

MINING & RETAIL

Premier Minerals' Zulu Mine project impressive

AIM-listed Premier African Minerals says it is encouraged by progress at its Zulu Lithium Mine in western Zimbabwe, with the second phase of plant test runs at its lithium and tantalum project showin...

By Staff reporter | Published: 13 August 2025

INDUSTRIALS & ENERGY

Zera announces drop in LPG prices

THE Zimbabwe Energy Regulatory Authority (Zera) has announced a reduction in Liquefied Petroleum Gas (LPG) prices in both US dollars and local currency for August 2025.In its latest update, Zera pegge...

By Staff reporter | Published: 13 August 2025

FINANCIAL SERVICES

Zimbabwe banks show strong capital buffers

Most Zimbabwean banking institutions have exceeded minimum regulatory capital requirements, signalling stability, resilience, and soundness in the country's financial system, the latest Reserve Bank o...

By Staff reporter | Published: 13 August 2025

LANDS & AGRICULTURE

Villagers protest secretive timber tender in Zimbabwe

Villagers and local leaders in the Mabale area of Hwange District have voiced outrage over what they describe as a secretive timber harvesting tender awarded to Teak Baron (Pvt) Ltd by the Hwange Rura...

By Staff reporter | Published: 13 August 2025

TELECOMS & TECHNOLOGY

Zimbabwe internet suppliers take dispute to Court

Powertel Communications has successfully secured a court order to appoint an arbitrator in its ongoing dispute with Dandemutande Investments, following the termination of an Internet supply agreement ...

By Staff reporter | Published: 13 August 2025

FINANCIAL SERVICES

Fidelity Life records jump in profit after tax

Fidelity Life Assurance Zimbabwe has reported a sharp rise in profit after tax to US$6,1 million for the year ended May 30, 2025, more than doubling the US$2,4 million recorded in the prior period. Th...

By Staff reporter | Published: 12 August 2025

FINANCIAL SERVICES

Caledonia reports positive balance sheet

Caledonia Mining Corporation has reported a robust second-quarter performance for the financial year, buoyed by the sale of its solar energy business for US$22,35 million, which significantly strength...

By Staff reporter | Published: 12 August 2025

MINING & RETAIL

Chitando to attend African Mining Week

Mines and Mining Development Minister Winston Chitando has confirmed his participation in the upcoming African Mining Week (AMW), scheduled to take place from October 1 to 3, 2025, in Cape Town, South...

By Staff reporter | Published: 12 August 2025

INDUSTRIALS & ENERGY

ZETDC announces unplanned power outage

The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has reported an unplanned power outage affecting large parts of the eastern region and sections of Harare, citing a technical fau...

By Staff reporter | Published: 12 August 2025

FINANCIAL SERVICES

Zimbabwe hits US$44,9bn in digital transactions

Zimbabwe's financial sector has marked a major milestone in its digital transformation, processing a record 381 million electronic transactions worth ZiG1,2 trillion (US$44,9 billion) in the first hal...

By Staff reporter | Published: 12 August 2025

TELECOMS & TECHNOLOGY

Grok unavailable in Zimbabwe due to sanctions

Grok, the artificial intelligence chatbot created by Elon Musk's U.S.-based startup xAI, appears to be inaccessible in Zimbabwe. Although the company has yet to provide an official explanation, mounti...

By Staff reporter | Published: 11 August 2025

MINING & RETAIL

ZiG stability push chokes PGM sector

The Government's continued delay in reimbursing platinum group metal (PGM) miners the local currency portion of their export proceeds is severely impacting one of Zimbabwe's most vital export sectors,...

By Staff reporter | Published: 11 August 2025

MINING & RETAIL

RioZim's US$21 million investment hangs in the balance

The Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) has reiterated that only a court-supervised corporate rescue can revive RioZim Limited, as the mining company's much-needed US$21 millio...

By Staff reporter | Published: 11 August 2025

FINANCIAL SERVICES

RBZ bolstering Zimbabwe's re-industrialisation drive

The manufacturing sector has received the largest share - 45 percent - of funds disbursed under the Reserve Bank of Zimbabwe's (RBZ) Targeted Finance Facility (TTF) as of June 30, 2025, underscoring i...

By Staff reporter | Published: 11 August 2025

MINING & RETAIL

Lab-grown diamonds causing havoc

South Africa's cabinet has approved participation in an international effort to boost the marketing of real diamonds, responding to the increasing appeal of lab-grown gems and funded by a 1 percent le...

By Staff reporter | Published: 11 August 2025

FINANCIAL SERVICES

RBZ pushes for ZiG cash access via ATMs

The Reserve Bank of Zimbabwe (RBZ) has mandated all commercial banks to ensure the full distribution of Zimbabwe Gold (ZiG) cash through automated teller machines (ATMs) by the end of September 2025, ...

By Staff reporter | Published: 11 August 2025

MINING & RETAIL

OK Zimbabwe raises US$20 million

Retail giant OK Zimbabwe Limited has successfully raised US$20 million through its renounceable rights offer, which was fully subscribed following strong shareholder participation and underwriting sup...

By Staff reporter | Published: 11 August 2025

LANDS & AGRICULTURE

Zimbabwe pushes for import substitution

Zimbabwe has planted 5,000 hectares of Irish potatoes this winter season as part of an ambitious government-led drive to cut reliance on imports and boost local food security. The target is to reach 9...

By Staff reporter | Published: 10 August 2025

TRANSPORT & TOURISM

Mt Darwin's multimillion dollar tourist resort takes shape

Land developer MCM Estates has broken ground on a massive 100-hectare multi-million-dollar tourism development project in the scenic Chesa area of Mt Darwin, a venture expected to transform the Masho...

By Staff reporter | Published: 10 August 2025

INDUSTRIALS & ENERGY

Zera reviews ZiG fuel prices downwards

The Zimbabwe Energy Regulatory Authority (ZERA) has announced a downward revision of fuel prices in local currency, effective from August 8 until September 4, 2025. The move follows the authority's ro...

By Staff reporter | Published: 10 August 2025
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