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Kavango hits high grade gold at Hillside

Almot Maqolo, Staff Writer02.2K views

LONDON Stock Exchange (LSE)-listed mineral explorer Kavango Resources, has reported high-grade gold intercepts at its Hillside project in Zimbabwe, exceeding expectations from early drilling. Operating through its Zimbabwean subsidiary, Kavango Zimbabwe, established in July 2023, the company is targeting several historic high-grade gold mines in the Matabeleland region with a focus on economic bulk mining.…

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Msipa leaves Schweppes after 20 years

Staff Writer02.2K views

SCHWEPPES Zimbabwe Limited managing director Charles Msipa has retired after serving the company for 20 years.  The company yesterday praised Msipa’s crucial role in the firm’s growth during his tenure. He left the company at the end of last month. “Charles joined Schweppes Zimbabwe Limited as sales and marketing director in 2005 and was appointed…

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Surge in tourism sector, now what?

Staff Writer02.2K views

ZIMBABWE’s tourism sector is not just recovering, it’s surging. The 83 percent increase in visitors during the first half of 2024 underscores its position as the country’s fastest-expanding sector, with year-end figures further cementing this upward trajectory.Further solidifying this positive trend, the fourth quarter of 2024 witnessed an increase to approximately 1,5 million arrivals, a…

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Local banks maintain ‘satisfactory’ NPL ratio

Almot Maqolo, Staff Writer02.5K views

ZIMBABWE’s banking sector non-performing loans (NPLs) slightly increased to 3,37 percent during the fourth quarter ended December 31, 2024, but remained below the global benchmark of five percent, latest data shows.The latest figures from the Reserve Bank of Zimbabwe (RBZ) suggest an increase in high-quality loans by local banks, due to the gradual recovery in…

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Exports increase to US$582 million

Staff Writer01.5K views

ZIMBABWE’s exports increased by 13,5 percent to US$581,9 million in March 2025 compared to US$512,6 million reported in February, latest data shows.According to latest trade statistics released by the Zimbabwe National Statistical Agency (ZimStat), industrial supplies comprised 93,2 percent of the goods exported in March 2025.Among the top 10 products exported in March 2025 were…

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Zimbabwe: A resilient nation fighting against all odds

Staff Writer02.1K views

By Mohammed Jassat ZIMBABWE’S story is not just one of struggle. It is a story of resilience. It is a tale of a people who, despite decades of economic sanctions, political pressure, and persistent misinformation, have refused to surrender their dignity or destiny. Today, as the nation steadily reclaims its economic footing and asserts its…

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