NAMIB Minerals plans to invest US$400 million over five years to restart production at its two Zimbabwean gold mines, an initiative expected to drive the company’s growth. The Nasdaq Stock Exchange-listed firm owns the Mazowe and Redwing gold mines. The investment could see the company tapping into 3,7 million ounces of combined gold reserves across…
ZIMBABWE’s tobacco and sugar exports to the United States of America (US) are expected to take the heaviest knock from the recently imposed 18 percent tariff by Washington, the African Development Bank (AfDB) has said.Although trade between the two countries remains very minimal, official figures suggest that Zimbabwe’s exports to the US accounted for about…
ZIMBABWE’s tobacco earnings continue to rise after farmers raked in US$1,14 billion from the sale of a record 341 million kilogrammes of the golden leaf by day 90, this Tuesday.During the corresponding period last year, farmers had sold 226 million kgs of tobacco worth US$777 million. With 342 million kgs already gone under the hammer,…
By Betty Murambadoro “Unsung heroes don’t seek recognition, but their impact is undeniable.” – Steven MorrisSOME amongst us are grieving over being seemingly forgotten by those they helped to cross-over.…
ZIMBABWE’s latest gross domestic product (GDP) figures of US$44,4 billion have drawn mixed reactions over the performance of the economy.The new figures, released by the Zimbabwe Statistics Agency (Zimstat) recently, were formulated from the Economic Census for 2023.They reflect on the inclusion of a growing number of small businesses emerging since the last assessment in…
DELEGATES from at least 172 nations convene in Victoria Falls next week for the 15th meeting of the Conference of the Contracting Parties (COP15) of the Convention on Wetlands to strengthen international commitments to wetlands conservation. Set for July 23 to 31, COP15 will run under the theme “Protecting Wetlands for our Common Future”, underscoring…
THE ZiG marked a notable appreciation on the parallel market in June 2025, resulting in the exchange rate premium narrowing by four percentage points to 28 percent against the official rate, latest data shows.According to the Confederation of Zimbabwe Industries (CZI), the development, if sustained, could bolster confidence in the local unit and curb arbitrage…
CONTANGO Holdings says since February this year it received further royalty payments totalling US$500,000, bringing royalty receipts to date under the Mineral Royalty Agreement (MRA) with its investor, Huo Investments, to US$1 million.Contango has mineral claims to the two billion tonne Muchesu coal project in Binga. Under the agreement, Contango is guaranteed a minimum royalty…
CALEDONIA Mining Corporation has handed over the 13,9-megawatt peak solar photovoltaic plant to CrossBoundary Energy, concluding the deal valued at a pre-tax consideration of US$22,35 million.CrossBoundary Energy’s acquisition of the facility under a 17-year power purchase agreement will enable Caledonia’s Blanket Mine to focus on its core operations by relieving them of ongoing maintenance of…
Econet Wireless Zimbabwe has been named the Best Digitalised Company at the 2025 Institute of Directors Zimbabwe (IoDZ) Director of the Year Awards, in recognition of its leadership in digital innovation and transformation.The award celebrates Econet’s exceptional use of technology to improve service delivery, boost operational efficiency, and elevate the customer experience.In addition, the company…
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