Blessing Nyahuma THERE is a dangerous moment when confidence begins to outgrow reality. A businessman wins several negotiations and believes the other side has nowhere else to go. A partner…
SOUTH African investor FS Mining has broken ground on a US$500 million chrome project in Insiza district, Matabeleland South, with the development set to include a smelter, power generation and a large-scale beneficiation operation. The investment will be implemented in phases, with the company targeting a 16,5 megawatt (MW) first-phase smelter alongside a 25MW power…
HAZEL MARIMBIZA GOVERNMENT says Zimbabwe must overhaul its standards, customs and trade facilitation systems to enable local businesses to compete effectively in increasingly integrated African markets and secure a greater share of regional value chains. Speaking at the National Competitiveness Summit in Bulawayo at the weekend, the minister of Industry and Commerce, Mangaliso Ndhlovu, said…
THE local equities markets have posted strong year-to-date gains supported by improved macroeconomic conditions and renewed investor interest. According to FBC Securities’ August monthly market report, both the Zimbabwe Stock Exchange (ZSE) and Victoria Falls Stock Exchange (VFEX) remained bullish despite thin liquidity and concentration of trading activity in a few counters. The VFEX All…
TSL’S revenue increased eight percent to US$42,9 million in the nine months to July 31, 2026, driven by improved performance in agricultural trading, packaging and tobacco marketplace businesses. In its trading update for the nine months ended July 31, 2026, operating profit before tax also rose eight percent to US$12,9 million. Agricura’s crop chemical volumes…
GETBUCKS Microfinance Bank expects new digital products and upgraded information technology systems to support a recovery in profitability in the second half of 2026 after earnings slumped in the first six months. Profit after tax fell to ZiG6,2 million from ZiG30,9 million, hit by declining interest income, lower fees and weaker returns from its gold-backed…
Prisca Tshuma TIGERE Real Estate Investment Trust (REIT) investors have backed the fund’s scrip dividend option, enabling it to retain capital to pursue an aggressive expansion strategy aimed at reaching a US$100 million net asset value by year-end. Results released this week showed that unitholders representing 91,48 percent of the fund’s units elected to receive…
MASHONALAND Holdings is shifting towards phased, demand-led property developments and the refurbishment of existing assets as high construction costs and limited access to affordable long-term funding constrain new projects. In a statement accompanying its financial results for the six months ended June 30, 2026, board chairperson Grace Bema said the group was prioritising occupancy, tenant…
MUTAPA Energy Resources (Mutapa) expects to have a financing plan in place by December this year for an estimated US$400 million development of a lithium sulphate plant at its Sandawana Mine in the Midlands province. The company is a specialised commodity vertical under Mutapa Investment Fund, the country’ sovereign wealth fund. The downstream project…
THARISA has secured US$300 million in debt financing for its Karo Platinum Project in Zimbabwe, clearing a major funding hurdle as construction progresses towards first ore in the fourth quarter of 2027. The London- and Johannesburg-listed mining group successfully priced a five-year senior secured Nordic bond carrying an annual coupon of 11 percent. According to…
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