INDUSTRIALS & ENERGY

Zimbabwe steel sector poised for rebound

Zimbabwe's steel industry is poised for a major revival following the Government's recent introduction of import licensing requirements for specific steel products. Industry stakeholders have welcomed...

By Staff reporter | Published: 12 hours ago

MINING & RETAIL

Zimbabwe mining industry to grow by 7% in 2025

Zimbabwe's mining industry is projected to grow by more than 7 percent in 2025, spurred by stellar performances in gold and coal production, according to the Chamber of Mines of Zimbabwe (CoMZ).Latest...

By Staff reporter | Published: 12 hours ago

MINING & RETAIL

Redwing investor seals US merger

American special purpose acquisition company (SPAC) Hennessy Capital Investment Corp. VI (HCVI) has secured shareholder approval to merge with Namib Minerals, a mining firm with key gold assets in Zim...

By Staff reporter | Published: 17 May 2025

INDUSTRIALS & ENERGY

Delta highlights Zimbabwe's economic

Delta Corporation, Zimbabwe's leading brewer and soft drinks manufacturer, has painted a stark picture of the nation's economy, highlighting its persistent fragility despite signs of resilience in con...

By Staff reporter | Published: 16 May 2025

MINING & RETAIL

Zimbabwe govt moves to clear mining licences backlog

The Government is set to lift the suspension on the issuance of mining licences across Zimbabwe, Mines and Mining Development Deputy Minister Engineer Polite Kambamura announced in the National Assemb...

By Staff reporter | Published: 16 May 2025

MINING & RETAIL

Smuggling takes toll on Zimbabwe economy

A sharp increase in smuggling and unregulated imports is intensifying illicit financial flows (IFFs) in Zimbabwe, severely undermining the country's formal retail sector. Authorities have recently pro...

By Staff reporter | Published: 16 May 2025

INDUSTRIALS & ENERGY

Turnall Q1 revenue declines 11% to US$2,3m

Construction firm Turnall Holdings Limited (Turnall) recorded an 11% decline in revenue to US$2.3 million during the first quarter of 2025, citing low economic activity and persistent liquidity challe...

By Staff reporter | Published: 16 May 2025

INDUSTRIALS & ENERGY

Delta tax burden could soar to US$329m

Beverage giant Delta Corporation Limited risks a staggering US$329 million tax liability for its financial year ended March 31, 2025, if it loses ongoing court appeals against additional tax assessmen...

By Staff reporter | Published: 16 May 2025

MINING & RETAIL

Push for gender equality in lithium mining

The Economic Justice for Women Project (EJWP), in partnership with the Southern Africa Trust (SAT), has launched a groundbreaking gender-centred initiative aimed at promoting feminist climate action i...

By Staff reporter | Published: 16 May 2025

INDUSTRIALS & ENERGY

Ariston reduces costs with new solar plants

Zimbabwe Stock Exchange-listed agricultural company, Ariston Holdings Limited, has reported substantial financial savings driven by its investment in solar energy projects, which have helped reduce de...

By Staff reporter | Published: 16 May 2025

INDUSTRIALS & ENERGY

Zimbabwe eyes regional manufacturing hub status

President Emmerson Mnangagwa has called for the swift implementation of agreements between Zimbabwe and Belarus, as he concluded a successful State visit to the East European nation, highlighting Hara...

By Staff reporter | Published: 16 May 2025

INDUSTRIALS & ENERGY

Private players to enter Zimbabwe's electricity retail market

Zimbabwe is set to open its electricity sector to private players who will be allowed to generate, transmit, and distribute power directly to households, especially in newly developed suburbs. This st...

By Staff reporter | Published: 16 May 2025

FINANCIAL SERVICES

FBC blames tight policy for choking transaction volumes

Financial services giant FBC Bank has attributed a sharp decline in transaction volumes to the Reserve Bank of Zimbabwe's (RBZ) continued tight monetary policy, which it says has squeezed liquidity an...

By Staff reporter | Published: 16 May 2025

FINANCIAL SERVICES

ZB launches twin digital solutions to modernise Zimbabwe's payment landscape

Financial services provider ZB Financial Holdings (ZBFH) has unveiled two new digital platforms, Smile Cash and Smile&Pay, in a move aimed at deepening financial inclusion and modernising Zimbabwe...

By Staff reporter | Published: 15 May 2025

FINANCIAL SERVICES

ZB Financial Holdings posts ZiG261.94 million profit

ZB Financial Holdings (ZBFH) has posted a strong financial performance in the first quarter of 2025, recording a profit after tax of ZiG261.94 million, underpinned by effective cost containment strate...

By Staff reporter | Published: 15 May 2025

CONSTRUCTION & PROPERTY

Zimbabwe to get first dollar-listed REIT as property heats up

Zimbabwe is set to get its first dollar-denominated real estate investment trust listing on Friday, as demand for property stocks grows.Eagle REIT is seeking to raise $62 million from the listing on Z...

By Staff reporter | Published: 15 May 2025

MINING & RETAIL

Struggling RioZim seeks US$200m reboot capital

RioZim, a diversified resource company listed on the Zimbabwe Stock Exchange (ZSE), urgently requires an estimated US$200 million in fresh capital to resuscitate its struggling mining operations, acco...

By Staff reporter | Published: 15 May 2025

INDUSTRIALS & ENERGY

Dairibord records 18% quarterly revenue jump

Dairibord Holdings, a key player in Zimbabwe's dairy industry, reported an 18 percent increase in revenue to US$31.3 million for the first quarter ending 31 March 2025, despite facing significant envi...

By Staff reporter | Published: 15 May 2025

TELECOMS & TECHNOLOGY

Zimbabwe emerges as hotspot for scalable fintech solutions

Zimbabwe is rapidly positioning itself as a fertile ground for scalable Financial Technology (fintech) innovations, with leading local financial institutions at the forefront of this transformation. B...

By Staff reporter | Published: 15 May 2025

INDUSTRIALS & ENERGY

Govt owes Zisco pensioners US$38m

The Ministry of Finance, Economic Development and Investment Promotion is reportedly in arrears of US$38.7 million owed to former ZiscoSteel workers, according to a damning report by Parliament's Port...

By Staff reporter | Published: 15 May 2025

TELECOMS & TECHNOLOGY

Zimbabwean villagers climb mountains to make phone calls

Villagers in Nekavandama, Ward 12 of Hwange District, are enduring extreme hardships to access mobile phone network coverage, often scaling mountains and climbing trees in areas infested with wild ani...

By Staff reporter | Published: 15 May 2025

TELECOMS & TECHNOLOGY

EcoCash launches international money transfers from Zimbabwe

EcoCash, Zimbabwe's largest and leading fintech platform, has launched a new international money transfer service that allows customers to send money from Zimbabwe to several other countries.In a stat...

By Staff reporter | Published: 14 May 2025

MINING & RETAIL

Bulawayo gold panners turn Cecil Pit into crime zone

The Zimbabwe School of Mines (ZSM) has issued a serious security alert to its students and staff, warning them to exercise extreme caution following a surge in illegal gold panning activities near the...

By Staff reporter | Published: 14 May 2025

MINING & RETAIL

Zimbabwe moves to tighten mining laws, tenders

The Zimbabwean government has embarked on a renewed legislative and policy overhaul aimed at strengthening mining laws, enhancing transparency in the tendering process, and ensuring the country derive...

By Staff reporter | Published: 14 May 2025

MINING & RETAIL

Zimasco hostile takeover saga takes new twist

The ownership dispute involving Zimbabwe's largest chrome mining and smelting company, Zimasco, has taken a decisive turn after the Supreme Court dismissed an appeal against a High Court interdict tha...

By Staff reporter | Published: 13 May 2025
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