BIKITA Minerals (Bikita) is targeting the second quarter of next year to complete its US$400 million lithium sulphate plant as it accelerates investment in beneficiation to capture greater value from its mineral resources. Bikita Minerals technical vice general manager Thomas Mufumi said the investment formed part of a broader strategy to expand mineral processing and…
PROSPECT Lithium Zimbabwe (PLZ) says it expects annual earnings from its operations and those of its sister company, Arcadia Technology Zimbabwe (ATZ), to exceed US$600 million, driven by increased production and lithium beneficiation. Shanghai Stock Exchange-listed Huayou Cobalt, which owns PLZ and ATZ, has invested US$1,1 billion in its Zimbabwean lithium operations. While PLZ focuses…
THE Minerals Marketing Corporation of Zimbabwe (MMCZ) expects mineral revenue to increase next year as lithium producers expand into lithium sulphate production and exports. MMCZ general manager Nomusa Moyo said the shift towards further processing followed the success of lithium concentrate, which has overtaken platinum group metals (PGMs) as the leading contributor to mineral revenue.…
Prisca Tshuma THE Minerals Marketing Corporation of Zimbabwe (MMCZ) is integrating its mineral tracking system with government institutions to strengthen oversight of mineral exports and curb smuggling. MMCZ marketing manager Gumisai Nenzou said the initiative would improve transparency in mineral exports and increase efficiency at border posts. “We are actually at an advanced stage where…
CABS says it invested up to US$96 million in agriculture during the first half of this year, representing 28 percent of its total loan portfolio as it targets increased funding to the sector following a major credit facility. This comes after the bank recorded 33 percent growth in loans and advances to ZiG9,02 billion (roughly…
AXIA Corporation (Axia) plans to open 15 new retail outlets in the short-term and build a distribution centre in Sunway City, riding on strong cash generation from operations. The group generated US$26,013 million in cash from operations in the year ended June 30, 2026, a 67 percent increase from the previous year, supported by higher…
THE Association of Healthcare Funders of Zimbabwe (AHFoZ) is pushing for tighter control of healthcare costs through the use of artificial intelligence (AI), managed-care models and regional skills exchange programmes. AHFoZ chief executive officer Shylet Sanyanga said the association would use regional partnerships to build skills in technology and improve efficiency and treatment outcomes. “The…
THE Securities and Exchange Commission of Zimbabwe (SecZim) is stepping up investment in digital systems as it seeks to improve market surveillance, reduce compliance costs and increase investor participation in the capital markets. The regulator is moving away from traditional systems that rely heavily on manual analysis of market trends and is working towards real-time…
THE Insurance and Pensions Commission (Ipec) has challenged insurers to develop innovative and proactive products to cover emerging risks as climate change exposes gaps in Zimbabwe’s insurance market. The call came at the recently concluded 24th annual conference of the Association of Insurers and Reinsurers in Developing Countries (AIRDC), held in Harare. Speaking during the…
Prisca Tshuma CONSTRUCTION group ZimBuild says its Eastworlds Youth Housing Project in Mvurwi is expected to help ease Zimbabwe’s housing backlog. The project was launched at a groundbreaking ceremony last week attended by President Emmerson Mnangagwa, Vice-President Kembo Mohadi, parliamentarians, government officials, business leaders and construction industry players. ZimBuild chief executive officer Tinashe Manzungu told…
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