MINING & RETAIL

Mutapa Gold secures US$75mln for Shamva project

State-owned gold producer Mutapa Gold Resources is set to embark on a major expansion drive after securing US$75 million in syndicated financing for the first phase of its US$152 million Shamva Hill P...

By Staff reporter | Published: 20 hours ago

BUSINESS NEWS

Bulawayo infrastructure project delays pile up

The City of Bulawayo awarded procurement contracts worth more than US$1.5 million in April 2026 despite mounting challenges that have seen infrastructure projects delayed, contractors abandoning sites...

By Staff reporter | Published: 20 hours ago

BUSINESS NEWS

Beitbridge CBD extension project set to transform town

Construction of a new Central Business District (CBD) extension in Beitbridge has officially commenced, marking a significant milestone in efforts to modernise the border town and support its transfor...

By Staff reporter | Published: 11 June 2026

BUSINESS NEWS

AfDB tax reform project delivers gains for Zimbabwe

A US$7.6 million tax administration and governance reform programme funded by the African Development Bank (AfDB) has delivered significant improvements in Zimbabwe's revenue collection system, with a...

By Staff reporter | Published: 11 June 2026

BUSINESS NEWS

Zimbabwe projects grain surplus of over 600 000 tonnes

Zimbabwe is projected to record a grain surplus exceeding 600 000 tonnes this year, which will be channelled into the country's strategic reserves, reflecting continued gains in national food securit...

By Staff reporter | Published: 27 May 2026

BUSINESS NEWS

Zimbabwe maintains 5% growth projection

Zimbabwe's Minister of Finance, Economic Development and Investment Promotion, Mthuli Ncube, says the country remains on course to achieve around 5% economic growth by the end of 2026 despite increas...

By Staff reporter | Published: 24 May 2026

MINING & RETAIL

Ariana Resources raises capital for Zimbabwe gold project

AIM and ASX-listed mineral exploration and development company Ariana Resources Plc has announced the partial disposal of its stake in Zenit Madencilik, with part of the proceeds set to finance feasi...

By Staff reporter | Published: 19 May 2026

LANDS & AGRICULTURE

Zimbabwe projects massive grain reserve surplus

Zimbabwe is building a strong national food reserve cushion, with Cabinet projecting a strategic grain surplus of between 550 945 tonnes and 964 945 tonnes following a strong agricultural season.The ...

By Staff reporter | Published: 16 May 2026

BUSINESS NEWS

Hwange industrial project boosts power

Zimbabwe's industrialisation drive is gaining momentum as the Zhong Jin He Li Energy project in Hwange moves into Phase Two expansion, a development expected to significantly increase power generation...

By Staff reporter | Published: 12 May 2026

BUSINESS NEWS

AfDB delegation arrives for talks on US$100m Bopoma Dam project

A high-level delegation from the African Development Bank Group is expected in Zimbabwe tomorrow for strategic discussions on the proposed US$100 million Glassblock Bopoma Dam and Pipeline Project, a...

By Staff reporter | Published: 16 May 2026

BUSINESS NEWS

Kariba dam rehab project nears completion at 94%

The US$294 million Kariba Dam Rehabilitation Project, aimed at securing one of Southern Africa's most critical hydro-power assets, is now approximately 94 percent complete, according to the Zambezi Ri...

By Staff reporter | Published: 11 May 2026

INDUSTRIALS & ENERGY

Gwayi-Shangani mini-hydro project reaches civil works stage

Construction of the 10-megawatt mini-hydro power station at Gwayi-Shangani Dam has entered the civil works phase, marking a major milestone in one of Zimbabwe's key infrastructure developments.The pr...

By Staff reporter | Published: 04 May 2026

BUSINESS NEWS

US$75.6m compensation plan slows progress on Mt Hampden City project

Government says it will pay US$75.6 million to compensate landowners to pave the way for the development of a new city at Mount Hampden, but delays in processing payments are slowing down the ambitio...

By Staff reporter | Published: 29 April 2026

LANDS & AGRICULTURE

Zimbabwe projects bumper harvest

Zimbabwe is projecting a strong 2025/2026 agricultural season, but outstanding payments to farmers continue to reflect liquidity pressures across the sector.According to Cabinet notes, the government ...

By Staff reporter | Published: 28 April 2026

LANDS & AGRICULTURE

Zimbabwe projects major cereal surplus

Zimbabwe is projecting a national cereal surplus of between 550,945 and 964,945 metric tonnes through to March 2027, underpinned by an estimated total cereal output of 2.74 million metric tonnes for t...

By Staff reporter | Published: 22 April 2026

BUSINESS NEWS

Beitbridge drops contractor for bus terminus project

Beitbridge Municipality has terminated its contract with Ultra Construction over delays in completing the Dulivhadzimu Long-Distance Bus Terminus, a project that has been ongoing since 2012. The move...

By Staff reporter | Published: 07 December 2025

BUSINESS NEWS

Zimbabwe projects historic single-digit inflation by early 2026

Zimbabwe is on track to achieve single-digit local currency inflation by the first quarter of 2026, a milestone not reached since 1997, Finance, Economic Development and Investment Promotion Minister ...

By Staff reporter | Published: 02 December 2025

BUSINESS NEWS

Court delays derail multi-billion cyber city project

A proposed multi-billion-dollar cyber city project in Marondera - billed as one of the largest private-sector investments in Mashonaland East - has been thrown into uncertainty amid allegations of cor...

By Staff reporter | Published: 24 November 2025

BUSINESS NEWS

Gwanda residential project remains in limbo

The long-promised development of residential stands at Judds Farm in Gwanda has stalled indefinitely, leaving hundreds of home seekers who paid between US$3 000 and US$11 000 as far back as 2015 in de...

By Staff reporter | Published: 24 November 2025

BUSINESS NEWS

Foreign capital dominates Zida-licensed projects

Local investor participation in Zimbabwe's licensed projects has plummeted by a staggering 97.55% to just US$3.15 million in the third quarter of 2025, according to new data from the Zimbabwe Investm...

By Staff reporter | Published: 07 November 2025

POLITICS

Chiwenga unhappy with Bhulaayo Kraal Project

Vice President Dr. Constantino Chiwenga voiced his disappointment yesterday after a visit to the Bhulaayo Kraal agricultural project in Binga, revealing significant concerns about the mismanagement a...

By Staff reporter | Published: 06 November 2025

BUSINESS NEWS

Prospect sells lithium project in Zimbabwe

Australian mining company, Prospect Resources Limited, has agreed to sell its Step Aside Lithium Project in Zimbabwe to Fatima Resources Pty Ltd for up to US$2.2 million. The decision to offload the ...

By Staff reporter | Published: 06 November 2025

BUSINESS NEWS

Furore over Harare's US$750m water meter project

A proposed US$750 million smart water meter project has ignited a fierce debate among Harare city councillors, with growing concerns over its funding, potential impact on residents, and the transpare...

By Staff reporter | Published: 06 November 2025

BUSINESS NEWS

Treasury releases US$101m for major dam projects

Treasury has released more than US$101 million this year towards the construction of the Gwayi-Shangani and Kunzvi dams, as the Government steps up efforts to end chronic water shortages in Bulawayo a...

By Staff reporter | Published: 04 November 2025

BUSINESS NEWS

SA's RMB projects Zimbabwe gloom

Zimbabwe has been rated as the least attractive country for investment in Africa by South African investment bank Rand Merchant Bank (RMB), which cited persistent economic instability, high inflation,...

By Staff reporter | Published: 03 November 2025
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