November 28, 2022
Zimbabwe: Zimplats Dragged to Court Over Failure to Handover 10% Community Shares 11 Years After Agreement
Zimplats, one of Zimbabwe's largest mining conglomerates, has been taken to the High Court by Chegutu based Community Share Ownership Trust (CSOT) for reneging on a 2011 commitment… Read more »
November 15, 2022
Zimbabwe: Invictus Records Additional Zones of Elevated Gas and Fluorescence
Invictus Energy Limited says the Mukuyu-1 well that is currently being drilled in its 80 percent owned SG 4571 licence in Zimbabwe's Cabora Bassa Basin has reached the total depth,… Read more »
Zimbabwe: Caledonia Mining Launches Massive Solar Power Plant As Electricity Crisis Continues
Victoria Falls stock exchange listed gold producer, Caledonia Mining corporation, has erected a solar power plant at Blanket Mine which began generating power yesterday, to hedge… Read more »
November 01, 2022
Zimbabwe: Lafarge to Lose U.S.$320,000 Over Legacy Debt
LAFARGE Cement Zimbabwe Limited (Lafarge) is set to lose over US$320,000 over a debt owed to Rubtech Machinery and Spares (Private) Limited (Rubtech). Read more »
September 29, 2022
Zimbabwe: Simbisa Brands Slams "Unnecessary" IMTT Tax
Restaurants operator, Simbisa Brands has slammed the Intermediated Money Transfer Tax (IMTT) describing it as "unnecessary" amid calls for the government to urgently scrap the toll… Read more »
September 26, 2022
Zimbabwe: Sable Chemicals Under-Fire for Trying to Displace Farmers in Mnangagwa's Backyard
Leading fertilizer producer Sable Chemicals has come under-fire for reportedly trying to displace resettled farmers in Kwekwe's Sherwood Block to pave way for citrus and dairy… Read more »
September 25, 2022
Zimbabwe: First Mutual Life Assets Separation Forensic Audit Reaches a Crescendo
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September 16, 2022
Zimbabwe: IDBZ, Norsad Capital Sign MOU to Unlock Capital for Local Companies
The Infrastructure Development Bank of Zimbabwe (IDBZ) has signed a Memorandum of Understanding (MoU) with Norsad Capital, which is expected to unlock capital for local companies. Read more »
September 14, 2022
Zimbabwe: Zimbabwean Engineer Nyikadzino Joins Mercedes AMG Petronas F1 Team
HIGH-ACHIEVING Zimbabwean, Samantha Nyikadzino has joined Mercedes-AMG Petronas Formula One Team as a new electronics design engineer. Read more »
Zimbabwe: Dairibord Maintains Dominance As Highest Milk Intake Processor
LISTED milk, foods and beverages manufacturer, Dairibord Zimbabwe Limited (DZL) has maintained pole position as the highest milk intake processor on the market, latest industry… Read more »
Zimbabwe: Chivayo U.S.$22m Lawsuit Against ZPC Exposes Lack of Paper Trail
BUSINESSMAN and socialite, Wicknell Chivayo, who is suing the Zimbabwe Power Company (ZPC) for US$22 million after cancellation of a multi-million solar project, on Tuesday… Read more »
September 13, 2022
Zimbabwe: Businessman Chivayo Laments Impact of Fraud Charge - I Can No Longer Win New Contracts
CONTROVERSIAL businessman and socialite, Wicknell Chivayo, has told the High Court that his arrest on allegations of defrauding the Zimbabwe Power Company (ZPC) had tarnished his… Read more »
September 08, 2022
Zimbabwe: Zimplats Dismisses Biti's 'Under Declarations, Slow Beneficiation' Claims
Platinum miner ZIMPLATS has dismissed former Finance minister, Tendai Biti's allegations that they were reluctant to build a refinery in a development which exposes the government… Read more »
Zimbabwe: KPMG SA Fined U.S.$275,000 for Assigning Audit to Unregistered Zimbabwe Unit
The United States-based Public Company Accounting Oversight Board (PCAOB) fined KPMG South Africa and two of its partners a total of $275,000 for contracting audit work to the… Read more »
August 15, 2022
Zimbabwe: Zimbabwean Businessman Uses Cows to Create Wealth for Working Class in the Face of High Inflation
Kelvin Chamunorwa, UK-trained actuary and founder of Nhaka Life Assurance, was recently adjudged one of the top three performers in the Zimbabwean insurance industry. Read more »
August 14, 2022
Zimbabwe: Bulawayo Parking Firms Insists It's a Zimbabwean and Not SA-Based Company
Tendy Three Investments (TTI) has cleared misconceptions that it is a South African company only in Bulawayo to generate revenue and take it to its home country. Read more »
August 08, 2022
Zimbabwe: Tanganda Exports Growth 7% Up - Tea Producer Moves to Tame Inflation
Listed tea producer, packer and distributor, Tanganda Tea Company has defied the odds presented by the Russia-Ukraine war, and has posted export growth of 7% above the similar… Read more »
August 01, 2022
Zimbabwe: Ecocash Pins Hopes On U.S.$ Transfer Product
EcoCash Holdings Zimbabwe Limited (EHZL) has expressed optimism that the new US$ transfer product introduced recently will be a key market driver which will augment the already… Read more »
July 25, 2022
Zimbabwe: Harness Local Raw Materials to Make Unique Products for Export, SMEs Urged
Micro as well as small and medium enterprises (MSMEs) have been called upon to make use of cheap locally available raw materials to manufacture unique products for export markets. Read more »
July 12, 2022
Zimbabwe: Mnangagwa Ally Sakupwanya Accused of Using Political Connections to Fuel Gold Leakages At Redwing Mine
A COMPANY linked to President Emmerson Mnangagwa's ally, Scott Sakupwanya has been fingered in alleged gold leakages at Redwing Mine in Penhalonga, Manicaland province. Read more »
Zimbabwe: Angry Govt Punishes Schweppes for Selling Products in Foreign Currency
GOVERNMENT has moved to revoke duty suspension for Schweppes-owned Beitbridge Juicing Company (BJC) following strict demands for US$ payments for its products despite enjoying free… Read more »
July 11, 2022
Zimbabwe: Workers Pile Legal Pressure On Govt Over PSMAS
Workers' apex body, Zimbabwe Confederation of Public Sector Unions (ZCPSU) has piled legal pressure on the government to stop 'illegal interference' on the country's oldest and… Read more »
July 07, 2022
Zimbabwe: Ex-NRZ Workers Petition Mnangagwa to Fire 'Unqualified and Incompetent' Company Boss
A COTERIE of former National Railways of Zimbabwe (NRZ) employees has petitioned President Emmerson Mnangagwa over diminished prospects of resuscitating the collapsed parastatal,… Read more »
June 30, 2022
Zimbabwe: Council Refuses Private Investigation in Bid to Recover U.S.$180,000 Lost to a Bogus Firm
City of Masvingo is reportedly not taking the private investigation route and is making an application to the Registrar of Deeds office in another desperate attempt to recover… Read more »
June 24, 2022
Zimbabwe: Businesses 'Dodge' U.S. Dollar Revenue Declarations - Moved Likely to Aid Tax Evasion
Most companies are still reluctant to present full disclosure of their foreign currency sales revenue in a development widely perceived by market watchers as a loophole likely to… Read more »