THE 2025 Mining, Engineering, and Transport Expo (Mine Entra) started in Bulawayo yesterday, with President Emmerson Mnangagwa expected to officially open the event.Running concurrently with the Africa Infrastructure and Built Environment Conference and Expo, the dual events attracted 240 exhibitors. This includes 16 international exhibitors representing China, India, South Africa, and the United Kingdom.“Exhibitors span…
TWINE and Cordage Group, an agro-processing company, is pursuing a fresh growth path to reclaim its place as a leading player in regional manufacturing.Its turnaround strategy hinges on technology upgrades, operational efficiency, and new strategic partnerships. Chief executive Terrence Chimanya said the company’s five-year plan, “Project Phoenix”, is designed to revitalise operations, raise production, and…
PROPLASTICS has announced a US$1,5 million capital expenditure programme for the remainder of the year after it posted a US$348 million profit during the six months to June 30, 2025 on improved volumes and cost cuts.This enabled the group to overturn the previous half-year loss of US$71 875.On capital investment, Proplastics incurred US$121 076 in…
CONSTRUCTION firm Masimba Holdings (Masimba) is aiming to dilute the share of state projects on its topline to at least 60 percent from around 90 percent by growing the private sector order book.To achieve this, the group seeks to diversify its operations into mining, housing and commercial buildings.Historically, Masimba has been a major player in…
PPC Zimbabwe and property development firm Transvaal Africa, which intends to acquire the former’s vacant Arlington land, have agreed to consolidate all milestone events necessary for the transaction to be completed by February 2027.The transaction for the approximately 418 hectares of land is valued at US$30 million.“Shareholders are advised that to facilitate the conclusion of…
THE country’s trade in goods shifted to a US$7 million surplus in August 2025, marking a significant turnaround from the US$10,2 million deficit recorded in July, latest data shows. According to the latest data released by the Zimbabwe National Statistics Agency (ZimStat), the positive shift in the trade balance was primarily fuelled by a notable…
Nigeria is tripling capital gains tax for foreign equity investors, raising concerns that the move may trigger a sell-off in the West African nation’s stock market, which is up almost 40% this year. Foreigners will face 30% CGT on the sale of Nigerian shares from January unless the proceeds are reinvested in other listed or…
Apollo, Northwestern Mutual, Pantera Capital and Stillmark are joining Bain Capital and crypto investor Haun Ventures to back the Bitcoin life insurance firm Meanwhile in a $82 million funding round.…
South Africa’s finance minister touted Johnstone Makhubu to take over as commissioner of the nation’s tax agency, according to a person familiar with the matter. The support makes Makhubu a…
The biggest union at South Africa’s Eskom is demanding a wage increase of as much as 15% ahead of negotiations that are set to begin. The National Union of Mineworkers, representing about 15 000 employees at the state-owned utility, has submitted demands before the central bargaining forum, according to Khangela Baloyi, energy sector coordinator for…
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