CONSTRUCTION & PROPERTY

Lafarge to double capacity after launching US$25m expansion project

Lafarge has budgeted US$25 million for its expansion project which will double capacity by year-end 2022.  The expansion plan kicked off this morning at a ground-breaking ceremony for a Dry Morta...

By Staff reporter | Published: 11 March 2020

MINING & RETAIL

Arcadia leads Zimbabwe's mega mine projects

Prospect Resources has registered significant progress on its Zimbabwe-based electric vehicle batteries lithium project just outside Harare, which it says will become the first major mining project to...

By Staff reporter | Published: 10 October 2019

INDUSTRIALS & ENERGY

39 solar power projects get nod

The Zimbabwe Energy Regulatory Authority (Zera) has processed 39 solar power projects that have capacity to generate up 1 151,87MW, as the country moves towards renewable energy to contain shortages. ...

By Staff reporter | Published: 27 September 2019

MINING & RETAIL

Premier seeks EPO for Zulu lithium project

PREMIER African Minerals will soon meet the Mining Affairs Board over the company's application for an Exclusive Prospecting Order (EPO) at its Zulu Lithium and Tantalite project in Matabeleland South...

By Staff reporter | Published: 24 September 2019

BUSINESS NEWS

'Project delays costing RG’s Office'

THE Registrar-General (RG)'s Office has been incurring huge costs for unfinished district registry office projects, whose prices have since doubled or trebled due to late implementation.This was revea...

By Staff reporter | Published: 12 July 2019

BUSINESS NEWS

Chivayo breached solar project contract: ZPC

The Zimbabwe Power Company (ZPC) has accused Intratrek Zimbabwe (Pvt) Ltd of breaching the parties Gwanda solar project agreement by not contributing $1 million which it was supposed to inject into th...

By Staff reporter | Published: 05 July 2019

BUSINESS NEWS

Judge blasts ZPC over Chivayo's solar project

High Court judge Justice Tawanda Chitapi has castigated the Zimbabwe Power Company (ZPC) for its lackadaisical approach to finding common ground with Intratrek Zimbabwe fronted by Wicknell Chivayo to ...

By Staff reporter | Published: 20 June 2019

BUSINESS NEWS

Zinara revenues projected to hit $136m

The Zimbabwe National Roads Administration (Zinara)'s combined revenues are projected to rise to $135,6 million for the current year, up from $133,3 million last year. The improvement in the roads aut...

By Staff reporter | Published: 13 June 2019

INDUSTRIALS & ENERGY

Sengwa project set for takeoff

Zimbabwe Stock Exchange (ZSE) listed RioZim says construction of its 2 800 megawatts Sengwa power project will commence in the next 12 months after the mining group signed an exclusivity agreement wit...

By Staff reporter | Published: 13 June 2019

BUSINESS NEWS

Zimra finalising fiscalisation project

Zimbabwe's tax agency says it is concluding implementation of its fiscalisation programme and that it will undertake the exercise without affecting business.The fiscalisation programme, which is aimed...

By Staff reporter | Published: 03 May 2019

MINING & RETAIL

Prospect considering Arcadia project financing options

PROSPECT Resources (Prospect) says it is currently reviewing multiple financing strategies for its Arcadia lithium project in Zimbabwe.The project is one of the largest hard-rock lithium resources in ...

By Staff reporter | Published: 03 May 2019

CONSTRUCTION & PROPERTY

Larfarge projects high cement demand

LAFARGE Cement Zimbabwe has projected high demand for cement in the country this year on the back of growing housing developments despite rising inflationary pressures.  In a statement accompanyi...

By Staff reporter | Published: 03 May 2019

INDUSTRIALS & ENERGY

Sengwa power station project set to start

LISTED mining group, RioZim, says it is set to kick start development of the proposed US$2 billion Sengwa Thermal Power Station project in Gokwe before the end of this year. In a statement accompanyin...

By Staff reporter | Published: 01 May 2019

BUSINESS NEWS

BCC, Zinara in $15m Bulawayo roads rehab project

THE City of Bulawayo in conjunction with Zimbabwe National Roads Administration (Zinara) has embarked on a $15 million joint roads rehabilitation programme which is likely to spruce up the city's poth...

By Staff reporter | Published: 29 April 2019

MINING & RETAIL

Karo platinum project still at exploration stage

LAST year during the run-up to the elections, President Emmerson Mnangagwa announced a $4,2 billion platinum mining deal with Karo Platinum, owned by London Stock Exchange-listed Tharisa Plc. NewsDay ...

By Staff reporter | Published: 24 April 2019

FINANCIAL SERVICES

ZB adjusts housing project costs

ZB Financial Holdings Limited (ZBFH) is making pricing adjustments for its Plumtree housing project due to cost escalations, chief executive Ron Mutandagayi has said."The cost escalations have caused ...

By Staff reporter | Published: 04 February 2019

BUSINESS NEWS

Hwange extension project underway

The actual construction works for Zesa's US$1,4 billion Hwange Power Station (HPS) 7 and 8 extension project have started, giving hope the project will be completed within time and original budget, a ...

By Staff reporter | Published: 04 February 2019

MINING & RETAIL

Unki projects higher output

ANGLO American's local platinum producer, Unki Platinum Mine projects that this year's output will increase to at least 4,2 million ounces from 1,3 million oz last year. In a quarterly production repo...

By Staff reporter | Published: 29 January 2019

MINING & RETAIL

Vast Resources well-funded for projects

AIM - listed diversified miner, Vast Resources, says it is "well-funded" to implement its various projects going forward, including its Zimbabwean projects, the Eureka Gold Mine and the Heritage Conce...

By Staff reporter | Published: 11 December 2018

TRANSPORT & TOURISM

ZITF hotel project takes shape

THE Zimbabwe International Trade Fair (ZITF) Company says it is finalising tenders for the construction of its hotel and conference centre.The project, which is valued at $11 million, is expected to p...

By Staff reporter | Published: 09 December 2018

MINING & RETAIL

Bindura smelter project put on hold

PAYMENT for a bond which was floated a few years ago for the restart of a smelter by Bindura Nickel Corporation (BNC) is weighing down on the company's capital requirements after it spent US$5 million...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

Zimbabwean contractors to get mega projects

The Zimbabwean government is mulling to prioritise local construction firms on mega projects as a way of preserving scarce foreign currency.The southern African country is facing an acute shortage of ...

By Business Live | Published: 01 December 2018

MINING & RETAIL

Prospect seeks SEZ status for lithium project

PROSPECT Lithium Zimbabwe (PLZ), a unit of Australia Stock Exchange-listed Prospect Resources Plc, has applied for special economic zone status (SEZ) for its multi-million dollar Arcadia Lithium proje...

By Staff reporter | Published: 30 November 2018

POLITICS

Retailers project fresh wave of price hikes

RETAILERS have projected another round of price increases after Finance minister Mthuli Ncube unveiled a budget that will see an increase in import duty for fuel and other selected goods.Ncube last Th...

By Staff reporter | Published: 25 November 2018

MINING & RETAIL

Lithium project to earn Zimbabwe $3bn

Australia Stock Exchange (ASX) listed Prospect Resources Plc says its Arcadia Lithium project, located 38 kilometres east of Harare, has proven capacity to generate nearly $3 billion in export revenue...

By Staff reporter | Published: 22 November 2018
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