AS Zimbabwe continues to grapple with the effects of recurrent droughts exacerbated by climate change, the government has intensified efforts to boost irrigation development. According to the mid-term review, treasury expended ZiG19,6 million towards irrigation development during the first six months of the year, with a target to achieve 6 864 hectares by December 2024.…
SHAMVA Mine, a subsidiary of state-controlled Kuvimba Mining House (KMH) is riding on the soaring international gold prices to generate free cash flows to fund capital projects for expansion. International gold prices have increased by around 23 percent year-on-year to current highs of US$ 2 386 per ounce (oz) from averages of US$1 930/oz in…
WINES and spirits maker African Distillers Limited (AfDIS) made significant downward price adjustments for its products during first quarter (Q1) to June 30, 2024 in an effort to retain a waning market share in the face of increasing informal imports and the proliferation of illicit alternatives. Until the recent surge of cheaper premium imported brands…
SEEDCO International Limited (SeedCo)’s top line is projected to grow by 14,8 percent during the current financial year ending March 31, 2025 on anticipated improvement in rainfall which will spur seed demand in the company’s key markets, research and financial services firm Inter-Horizons (IH) Securities has said. The firm anticipates the regional company’s revenue to…
ZIMBABWE’S energy sector is grappling with significant challenges, notably rolling blackouts that leave citizens in the dark for up to 18 hours a day. Yet, the nation possesses largely untapped renewable energy potential, a paradox that the Zimbabwe Energy Regulatory Authority (ZERA) is determined to address. In an exclusive interview with our reporter, Almot Maqolo…
AN increasing number of young people in Shurugwi, 315 km south-west of Harare, are switching from farming to artisanal mining as a result of climate change, which has been linked…
FINANCIAL services group CBZ Holdings (CBZ)’s asset management division Datvest, expects to complete the Northgate housing project located 17 kilometres north of Harare central business district (CBD) in the next…
ANGLO American says platinum group metals (PGMs) output at its Zimbabwean unit, Unki Mine declined three percent to 117 500 ounces in the first six months of 2024 from 121 500 ounces in the comparable period last year. The Shurugwi-located mine produced 54 700 ounces in the second quarter 2024, marking a seven percent slump…
HOSPITALITY giant Rainbow Tourism Group (RTG) has plans to expand its hotel portfolio across the country as it strategically positions itself for anticipated tourism growth. The ZSE-listed hotelier’s balance sheet is currently debt-free which puts it in a good position to attract investment. “We are looking at various options right now all over the country,…
Scores of households in Bertrams, Johannesburg, are being threatened with service cut-offs, but they have not been receiving municipal bills because of the City of Johannesburg’s faulty property records. The city’s allocated stand (erf) numbers do not coincide with those on the title deeds or with the street addresses of at least 22 properties, all…
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