BUSINESS NEWS

ZCDC to sue contractor over failed borehole project

The Zimbabwe Consolidated Diamond Company (ZCDC) is preparing to take legal action against Diamond Base Company, a contractor hired to drill 20 boreholes in Chiadzwa, after the US$100,000 project fail...

MINING & RETAIL

Kavango exercises option to acquire Zimbabwe gold project

London-listed Kavango Resources has exercised its option to acquire 100% of the Nara gold project, in Zimbabwe.Kavango entered the option to acquire Nara in June 2023.To fund the Nara acquisition and ...

FINANCIAL SERVICES

Mukuru projects 500% surge in MukuruPay usage

Financial services provider Mukuru is projecting a 500 percent increase in the use of its MukuruPay platform during the 2025 tobacco selling season, driven by strategic partnerships within the tobacco...

BUSINESS NEWS

Egodini Mall project tarnishes BCC

As delays and controversy continue to dog the long-awaited Egodini Mall and Transport Hub redevelopment project, calls for greater accountability in local governance have reached fever pitch. The stal...

BUSINESS NEWS

Mutare unveils ambitious water project

The City of Mutare is set to establish a wholly council-owned water utility company aimed at improving service delivery, addressing decades-old infrastructure challenges, and ensuring a sustainable an...

Magunje cement project accused of rights abuses

The Centre for Natural Resource Governance (CNRG) has issued a scathing report accusing developers of the US$1 billion Magunje cement and mining project of widespread human rights abuses, forced displ...

OPINION

Zimbabwe cannot fund large-scale projects without monetary autonomy

Zimbabwe's economic debate is often framed through the lens of inflation control, exchange rate stability, and the day-to-day functionality of the US dollar in domestic transactions.Yet, beneath the s...

INDUSTRIALS & ENERGY

Chinese-funded projects power Zimbabwe

The Chinese-funded expansion of Hwange Thermal Power Station, specifically Units 7 and 8, emerged as the main source of energy supply for Zimbabwe in 2024, according to the Zimbabwe Energy Regulatory ...

BUSINESS NEWS

SDA Church shares major update on Chegutu University project

The Seventh-day Adventist (SDA) Church has announced that its new university in Chegutu, Mashonaland West, will welcome its first students in January 2026. Named Great Height University, the upcoming ...

BUSINESS NEWS

US$5m monthly for Gwayi-Shangani project

The Zimbabwean government has reaffirmed its commitment to completing the long-delayed Gwayi-Shangani Dam, declaring the project a national priority. Cabinet has resolved to allocate US$5 million ever...

MINING & RETAIL

Premier secures funding for Zulu Lithium Project

Premier African Minerals Limited has announced a major development in its flagship Zulu Lithium and Tantalum Project in Insiza, Matabeleland South, after settling US$1.1 million worth of contractor in...

BUSINESS NEWS

RBZ projects inflation drop by September

The Reserve Bank of Zimbabwe (RBZ) has assured the nation that inflation remains under control, despite seemingly high annual inflation rates, attributing the figures to technical distortions arising ...

MINING & RETAIL

'Tsholotsho Gold Project has 1 million gold ounces potential'

United Kingdom-based mining company Ariana Resources Plc has announced that its flagship Dokwe Gold Project in Zimbabwe has the potential to yield more than one million ounces of gold, reinforcing inv...

BUSINESS NEWS

Zida courts investors for US$150m Victoria Falls project

The Zimbabwe Investment and Development Agency (ZIDA) is actively seeking both local and international investors to participate in the development of Lot 1 of Jafuta Estate, a flagship project within ...

BUSINESS NEWS

Mnangagwa directs completion of unfinished projects

President Emmerson Mnangagwa has instructed the rapid completion of all unfinished projects across Zimbabwe's 10 provinces to ensure they contribute meaningfully to national development as the country...

BUSINESS NEWS

EU urges Zimbabwe firms to come up with bankable projects

The European Union (EU) ambassador to Zimbabwe, Jobst von Kirchmann, has called on local businesses to develop bankable projects to attract investment funding, as the EU recently secured over US$100 m...

AFRICA BUSINESS

EFF slams Johann Rupert's state capture project

The Economic Freedom Fighters (EFF) has come out strongly against the inclusion of billionaire businessman Johann Rupert in a South African delegation set to meet former United States President Donald...

BUSINESS NEWS

New partner roped in for Egodini Mall project

Terracotta Trading Private Limited, the contractor behind the long-delayed Egodini Mall redevelopment project, has brought on board Better Brands Construction in a bid to accelerate progress amid moun...

CONSTRUCTION & PROPERTY

US$43 million Victoria Falls project takes shape

ZIMRE Holdings Limited (ZHL), through its Eagle Real Estate Investment Trust (REIT), has commenced construction of the much-anticipated US$43 million Eagle Heights Mixed-Use Development in Victoria Fa...

BUSINESS NEWS

Gwayi-Shangani project 72% amid concerns over slow progress

The long-awaited Gwayi-Shangani Dam, a cornerstone project of the Matabeleland Zambezi Water Project, is now 72% complete, showing only a modest 2% progress since October 2024. The slow pace has drawn...

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 ...

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 ...

BUSINESS NEWS

Tour operator pumps US$2,1 million into aviation project

In a significant boost to Zimbabwe's tourism industry, the Zambezi Helicopter Company (ZHC), part of Shearwater Adventures, has invested over US$2 million in constructing a state-of-the-art aviation f...

POLITICS

Chamisa slams Mnangagwa's borehole projects

Former Citizens Coalition for Change (CCC) leader Nelson Chamisa has launched a blistering critique of President Emmerson Mnangagwa's Presidential Borehole Scheme, accusing the government of failing t...

CONSTRUCTION & PROPERTY

US$16,2m housing project begins in Harare

The much-anticipated US$16.2 million housing project in Prospect, Harare, is officially set to begin, with all necessary regulatory approvals secured, construction consultancy firm Troika Design Works...