THE government plans to open alternative fuel import routes in response to rising global cost pressures and geopolitical disruptions linked to the ongoing conflict in the Middle East. This comes as the Zimbabwe Energy Regulatory Authority (Zera) increased diesel prices from US$1,77 to US$2,05, while petrol has jumped from US$1,71 to US$2,17 — triggering fresh concerns…
THE Reserve Bank of Zimbabwe governor, John Mushayavanhu, says the apex bank supports the government’s move to pay public sector suppliers exclusively in the local currency, the ZiG, describing it as a decisive step towards strengthening the use of the domestic unit. In a statement this week, the central bank moved to reassure contractors and…
THE Confederation of Zimbabwe Industries (CZI) has called for an economic strategy centred on industrial development, stressing the need to align fiscal, monetary and trade policies. An industrial development-centred strategy places manufacturing and value addition at the core of economic growth, structural transformation and job creation. It aims to shift the economy away from reliance…
ARIANA Resources plc is set to begin Phase 2 diamond drilling at its 100 percent-owned Dokwe Gold Project in Zimbabwe later this month. This follows encouraging results from its recently completed reverse circulation (RC) drilling programme. The 2025–2026 RC campaign totalled 5,659 metres across 31 drill holes at Dokwe North and Dokwe Central and returned…
PREMIER African Minerals has raised approximately £500 000 through the issuance of new ordinary shares priced at 0,0185 pence each. The funding was secured through a subscription by investors and will be used to support operational activities at both the company and its flagship Zulu Lithium and Tantalum Project in Zimbabwe. In addition to the…
INVICTUS Energy (Invictus) faces a major funding challenge after its proposed joint venture with Qatar-based Al Mansour Holdings (AMH) collapsed in January. This complicates ongoing hydrocarbon exploration in the Cabora Bassa basin, according to the company’s latest results. The deal, if concluded, would have seen AMH acquire a 19,9 percent stake in Invictus for A$37,8…
SIMBISA Brands (Simbisa) could see a stock re-rating if it sustains stronger operating profit margins, but fiscal risks and cost pressures remain key downsides, Inter Horizons (IH) Securities has said. In its latest earnings update, the research firm said the company’s current share price already factors in much of its medium-term growth prospects. “The key…
STANBIC Bank Zimbabwe has extended its national scholarship program to Mashonaland West, inducting five undergraduate students from Chinhoyi University of Technology (CUT) into the initiative. The expansion brings the financial…
ZIMBABWE’S infrastructure drive presents vast opportunities for local companies, with thousands of kilometres of roadworks and expanding contractor participation creating room for growth, Fossil Contracting chief executive Obey Chimuka has…
Old Mutual has increased its annual dividend by 8% after reporting an improved operating performance in Old Mutual Life and Savings, and Old Mutual Insure. Results from operations increased by…
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