Kavango Resources has announced confirmation of an open-pit gold deposits at the Nightshift Prospect on its Hillside Gold Project in Zimbabwe.A preliminary JORC-compliant Mineral Resource Estimation has exceeded Kavango’s expectations, and the company considers constructing an upgraded 300 tonne-per-day (tpd) gold processing plant at Bills Luck Gold Mine, at the Hillside Project, up from the…
PADENGA Holdings (Padenga) reported a marginal decline in the carrying value of its property, plant, and equipment (PPE) for the half-year ended June 30, 2025, reflecting lower asset additions and continued depreciation charges.The group’s PPE closed the period at US$94,27 million, down from US$95,52 million as at December 31, 2024.“During the six months ended June…
NEWLY appointed Old Mutual Limited (Old Mutual) chief executive, Jurie Strydom, has commended the Zimbabwean government for stabilising the macro-economic environment, which is crucial for attaining the group’s growth plans.Strydom, who took the helm of Africa’s largest insurer by assets in June this year, is in the country this week where he met strategic group…
UNITHOLDERS of Tigere Real Estate Investment Trust (REIT) are set for a crucial vote to decide on the addition of two income-producing assets to its portfolio during an extra-ordinary general meeting (EGM) slated for November 3, 2025.Terrace Africa Asset Management, the REIT’s managers are targeting the acquisition of Greenfields Retail Centre on a leasehold basis…
This week, hundreds of experts and professionals, drawn from various sectors — both in Zimbabwe and internationally — converged in Victoria Falls for the 62nd edition of the Safety and Health at Work (SHAW) Conference, organised by the National Social Security Authority (Nssa). The Financial Gazette had the opportunity of speaking with Nssa’s chief executive…
PROPLASTICS says it is considering additional investments in solar energy as frequent unscheduled interruptions to electricity supply continue to exert pressure on operational costs.Zimbabwe’s persistent power supply challenges continue to put pressure on business operations, with alternative energy sources such as diesel-powered generators proving too costly to sustain.“Operations continued to be severely impacted by erratic…
BY BOTHWELL P NYAJEKAAdvertisements OCTOBER is the month when most companies, including the national government, begin preparing their annual budgets for the upcoming year. From my years in corporate life, I’ve observed that this is often the period when directors work the hardest. It is the time when they review and approve the company’s strategic…
GODFREY NYONIAdvertisements IN today’s digital world, almost every aspect of life depends on technology, from banking and farming to education and healthcare. Zimbabwe, like many other developing nations, is rapidly embracing digital transformation, and while this brings progress and convenience, it also opens the door to new dangers.Cyberattacks, data theft, phishing scams, and ransomware are…
KARO Mining Holdings is restructuring its US$50 million bond it listed on the Victoria Falls Stock Exchange in 2022 as weakening platinum group metals prices weigh down on the company’s profitability.The Issuer is seeking to extend the tenor of the Issuer’s bond by an additional three years to December 1, 2028 thereby aligning with the…
CALEDONIA Mining Corporation Plc (Caledonia) reported a 3,5 percent increase in gold production for the nine months ending September, reaching 58 846 ounces, up from 56 815 ounces in the same period last year.The Victoria Falls Stock Exchange-listed miner produced 19 106 ounces in the third quarter of 2025, a slight increase from 18 992…
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