March 02, 2023
Zimbabwe: Chinese Firm Acquires Lucrative Lithium Mine for U.S.$1,75 Billion
CHINA Natural Resources has acquired a lithium mine, Williams Minerals at a cost of US$1, 75 billion from Feishang Group and Top Pacific (China). Read more »
February 28, 2023
Zimbabwe: Cables Firm Cafca Explores Lucrative Export Market
LISTED cables manufacturer, CAFCA Limited is exporting its products to African countries in a development set to spur its foreign currency earnings. Read more »
February 27, 2023
Zimbabwe: Old Mutual Fleeced U.S.$90,000 in Vehicle Insurance Scam
OLD Mutual Insurance Company recently lost US$90 000 to a client following a bogus insurance claim. Read more »
February 21, 2023
Zimbabwe: Hippo Valley Feels the Pinch of Duty Waiver On Basic Commodities
Listed sugar producer, Hippo Valley Estates is still enduring the pains of a duty waiver placed on basic commodities after suffering a significant decline of sugar sales. Read more »
Zimbabwe: We Are Doing Our Best - Says Dinson Group in Response to Disgruntled Workers At Manhidze Site
DINSON Group, the Chinese company tasked with building Africa's largest iron smelting company in Manhidze, has said it is trying its best to take care of its workers in response to… Read more »
February 19, 2023
Zimbabwe: Doves Loses U.S.$4 Million Lawsuit Against Zimplats
The High Court has dismissed funeral services provider, Doves' US$4 million lawsuit against Zimplats for cancelling a tender for the provision of funeral cover for its 2 000… Read more »
February 08, 2023
Zimbabwe: Tigere Property Fund Declares ZW$76 Million Plus Another Forex Dividend
Tigere Property Fund, Zimbabwe's first Real Investment Trust (REIT) has declared a dividend of ZW$76 million plus an additional US$153 000 in line with its listing prospectus. Read more »
February 06, 2023
Zimbabwe: Mnangagwa Ally Appointed Air Zimbabwe Board Chairperson
PRESIDENT Emmerson Mnangagwa has appointed Chipo Mutasa as the new board chairperson of embattled country's flagship carrier, Air Zimbabwe. Read more »
February 07, 2023
Zimbabwe: CFI Optimistic On Inflation Decline Measures, Posts 39,4% Revenue Increase
DIVERSIFIED conglomerate, CFI Holdings Limited has acknowledged that measures put in place by the government to contain inflationary pressures have managed to bring about relative… Read more »
February 05, 2023
Zimbabwe: Faltering Businesses Urge Mnangagwa to Rein in Greedy Councils
CLUTCHED between a rock and a hard place, underperforming Zimbabwean business enterprises have called for a reversal of latest rounds of tariff increases by both urban and rural… Read more »
February 06, 2023
Zimbabwe: Trucking Company Wins Case Against Taxman
A local trucking company, Ajara Logistics Pvt Ltd, will finally get back its 100,000 litres of fuel and trucks which have been parked at Chirundu Border Post after being seized by… Read more »
January 31, 2023
Zimbabwe: ZCTU Petitions Mavima Over Workers Abuses At Manhidze Steel Company
ZIMBABWE Congress of Trade Unions (ZCTU) has petitioned Labour Minister, Paul Mavima to urgently intervene following a series of labour violations at the Chinese run Manhidze Steel… Read more »
January 27, 2023
Zimbabwe: German Adhesives Giant Henkel Makes in Roads, Announces Official Zimbabwean Marketing Partner
GERMAN adhesives giant Henkel has announced a marketing deal for its wide range of products with Cluster Diagnostics. Read more »
Zimbabwe: First Oil Cornered to Pay CMED U.S.$2,7 Million 2013 Debt
First Oil company has been cornered by the High Court, to pay US$2,7 million owed to CMED Pvt Ltd after having dodged the obligation for a decade. Read more »
January 20, 2023
Zimbabwe: Delta Corporation Credits Policy Measures for Easing Inflation
LISTED beverages manufacturer, Delta Corporation Limited, has credited policy interventions employed by monetary authorities for easing inflation and spurring foreign currency… Read more »
Zimbabwe: Govt Suspends Rimbi, Zebra Kiss Bus Operators Licenses Following Fatal Accident
TRANSPORT and infrastructural development minister has with immediate effect suspended operating licences for Rimbi and Zebra Kiss bus operators after their drivers recklessly… Read more »
Zimbabwe: Hundreds Put On Forced Leave As Power Utility Switches Off Harare Industrial Area
Hundreds of industrial workers in Harare's busy Workington area have been laid off by different companies struggling to operate due to an electricity crisis that has seen the area… Read more »
January 14, 2023
Zimbabwe: Lafarge Rebrands to Khaya Cement, Revamps Board Structures
EMBATTLED cement manufacturer, Lafarge Cement Zimbabwe (LACZ), has tabled plans to rebrand to Khaya Cement on the back of rigorous management board changes, the company's… Read more »
Zimbabwe: Lobels Fires 400 Employees for Challenging Sexual Harassment
Lobels Biscuits has dismissed more than 400 workers at its Belmont factory in Bulawayo for participating in demonstrations over sexual harassment , nepotism and low wages, among… Read more »
January 13, 2023
Zimbabwe: Problems Mount for Lafarge, Requests Three Months' Suspension From ZSE
Problems continue to mount for Lafarge Cement Zimbabwe (LACZ), prompting the company to request three months' suspension in trading from the Zimbabwe Stock Exchange (ZSE) to… Read more »
January 12, 2023
Zimbabwe: Majority of SMEs Players Generating Less Than U.S.$100 Monthly Income
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January 11, 2023
Zimbabwe: Kuvimba Banking On Mining Proceeds to Revive Mothballed Ziscosteel
State-owned Kuvimba Mining House (Kuvimba) is banking on its mining proceeds to revive the defunct steelmaker, Ziscosteel. Read more »
December 20, 2022
Zimbabwe: Chinese Firm Building Billion Dollar Steel Plant in Mvuma Set to Construct 1,000km Long Cargo Railway Line and Rehabilitate Old Network
TSINGSHAN Holdings, which has already poured US$2 billion in investments locally and is currently building a US$1 billion steel plant at Manhidze, near Chivhu, is set to construct… Read more »
December 19, 2022
Zimbabwe: TM Pick n Pay Pressed to Publicly Sanction Abusive Manager or Face Boycott
Retail giant, TM Pick n Pay has been put on notice to publicly sanction its Westgate Branch male employee believed to be a manager, who was last Wednesday captured on video… Read more »
December 12, 2022
Zimbabwe: Former Zesa CEO Blames Low Tariffs, Delayed Sacrifices for Current Electricity Problems
Former Zimbabwe Electricity Supply Authority (ZESA) chief executive officer, Engineer Josh Chifamba has blamed unfavourable tariffs and delayed sacrifices for plunging the nation… Read more »