MUTAPA Energy Resources (Mutapa) expects to have a financing plan in place by December this year for an estimated US$400 million development of a lithium sulphate plant at its Sandawana Mine in the Midlands province. The company is a specialised commodity vertical under Mutapa Investment Fund, the country’ sovereign wealth fund. The downstream project…
THARISA has secured US$300 million in debt financing for its Karo Platinum Project in Zimbabwe, clearing a major funding hurdle as construction progresses towards first ore in the fourth quarter of 2027. The London- and Johannesburg-listed mining group successfully priced a five-year senior secured Nordic bond carrying an annual coupon of 11 percent. According to…
FIRST Capital Bank (FCB)’s full year profit is projected to reach US$33,99 million, up 13 percent year-on-year supported by balance-sheet growth, a larger customer base and higher funded income, equity research firm IH Securities says. The bank’s total income is expected to hit US$92,89 million for the year. The forecast follows a stronger first half…
RENTAL collections at Revitus Property Opportunities Real Estate Investment Trust (Revitus) rose 18 percent in the year ended December 31, 2025, driven by tighter credit controls and improved tenant performance. In a statement accompanying the REIT’s financial results for the year, Revitus said collections at properties, mainly Pioneer and Electra House, improved, while refurbishment of…
AFRICA GreenCo has secured a further US$11,5 million from existing shareholders as the regional renewable energy trader moves to expand its role in southern Africa’s electricity market. The investment from the Private Infrastructure Development Group (PIDG) and Impact Fund Denmark (IFDK) brings the company’s third funding close to US$21,5 million, following the entry of Sanlam…
By Mashavira Nhamo EXTENSIVE scholarly inquiry has historically positioned the concept of leadership as the single most vital variable in determining organisational success. Organisational literature remains predominantly leader-centric, frequently romanticising…
THE Insurance and Pensions Commission says unclaimed pension benefits fell to US$20,15 million in the half year ended June 30, 2026, from US$22,28 million recorded at the end of March. The number of members with unclaimed benefits however, increased marginally from 250 435 to 250 471 during the period. “The primary contributing factor for the…
INVESTORS and industry executives are set to gather in Harare for two Common Market for Eastern and Southern Africa (COMESA) fora, which will be held ahead of the 25th COMESA Summit of Heads of State and Government. The COMESA Green Connect Forum and COMESA Business Forum will be held on October 19 and 20. The…
THE Treasury has touted Zimbabwe’s pensions and insurance sector as a key source of funding for infrastructure development, as it moves to strengthen regulations and introduce investment instruments aimed at unlocking more capital. The Ministry of Finance said the pensions and insurance industry had an important role to play in financing infrastructure, particularly through prescribed…
Almot Maqolo CHINESE-backed solar and waste-to-energy projects will add over 1 000MW of power capacity in Zimbabwe, easing shortages, an official said. This comes as the country is also expanding…
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