EDGARS Stores (Edgars) expects stable supply chains in 2026 as it increases local sourcing to reduce import dependence and strengthen inventory availability across its operations. The group said key suppliers were continuing to meet inventory requirements, even as it adjusted its sourcing mix in response to economic conditions and currency pressures. “Supply chains are expected…
UNIFREIGHT Africa’s Mozambican operations strengthened overall group revenue in 2025 as regional expansion efforts beyond its traditional domestic market paid off. The group generated ZiG708,835 million from its primary market, Zimbabwe, and the equivalent of ZiG553,404 million from Mozambique, well above other regional markets. Zambia contributed ZiG16,362 million, while Malawi delivered ZiG23,147 million. Group chief…
ZIMBABWE’s lithium producers have appealed to the government for tax relief, warning that the country’s high-tax regime is threatening the survival of operations and future investments. Speaking at the Chamber of Mines of Zimbabwe Annual Conference, chairman of the Lithium Producers Association, Innocent Rukweza said local miners were currently saddled with a cumulative tax burden…
News Editor SHARES in Invictus Energy have rallied following the signing of a long-awaited petroleum production sharing agreement (PPSA) with the government of Zimbabwe. Overall, the market response, however, suggests investors remain focused on the project’s next operational milestones. The Australian-listed company announced on May 27, 2026, that it had signed the PPSA for its…
LEADING financial services institution, Stanbic Bank Zimbabwe, is committed to play a pivotal role in fostering the growth and development of the agricultural value chain. The Standard Bank Group subsidiary has made significant strides in providing both medium- and long-term financing solutions tailored to the unique needs of the sector, over the years. Stanbic Bank…
FIRST Capital Bank has entered into a partnership with Royal Harare Golf Club to fund the construction of a new pavilion meant to support golf development as part of its corporate social responsibility efforts. The pavilion, subject to regulatory approvals, is expected to be complete by December this year. “This partnership reflects our confidence in…
THE Infrastructure and Development Bank of Zimbabwe has appointed Willing Zvirevo as its substantive chief executive with effect from June 1, 2026, having occupied the position in an acting capacity since September 2025. He previously served in middle and senior managerial positions at KPMG Corporate Finance, NMB Bank, Sagit Finance House and AMG Global Chartered…
MUTAPA Gold Resources (MGR) expects gold production to hit 3 400 kilogrammes (kgs) this year, from 3 266kg last year driven by higher ore grades and improved recovery rates at its operations. The state-owned miner produced 901kg of gold during the three months to March 2026, averaging about 300kg per month and meeting its production…
ZIMBABWE has launched a high-level diplomatic push to secure membership in the China-backed Asian Infrastructure Investment Bank (AIIB) to anchor the funding of the National Development Strategy 2 (NDS2). Finance Minister Mthuli Ncube led a treasury delegation to the multilateral lender’s headquarters in Beijing, formalising a request submitted in May 2026 to join the AIIB.…
THE government will repossess long-idle coal concessions and has officially classified coal as a special critical mineral as part of a regulatory overhaul aimed at ensuring national energy security. Officiating at the 2026 Chamber of Mines Mining Conference and Exhibition in Victoria Falls, the minister of Mines, Polite Kambamura, said authorities will offer incentives for…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More