finance

Japan supports Zim rice production

THE government has signed an agreement with Japan under an economic and social development programme, securing US$2,6 million to procure agricultural equipment for rice production.Advertisements Rice consumption in Zimbabwe has surged over the past decade, as consumers turn to it as an affordable, easy-to-cook alternative to traditional maize. This shift has prompted the government to…

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Premier in US$1,3 million capital raise

PREMIER African Minerals (Premier) has raised approximately £1 million (roughly US$1,3 million) through a share subscription to fund ongoing works at its Zulu Lithium and Tantalum project in Zimbabwe.Advertisements The group expects to complete work during the second quarter this year. The Alternative Investment Market (AIM)-listed mining firm issued 7 352 941 176 new ordinary…

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Mutapa Gold’s chief executive resigns

PATRICK Maseva-Shayawabaya has been appointed chief executive of Mutapa Gold Resources (MGR), replacing Trevor Barnard, who has resigned, effective May 1, 2026. Advertisements This comes barely four months after the company’s launch, as one of the several mineral-specific entities under the Mutapa Investment Fund’s mining portfolio following the restructuring that wound down Kuvimba Mining House. “We…

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US$75 million for Mt Hampden new city compensation

THE government has set compensation for 254 property owners affected by the construction of the New City in Mt Hampden at US$75 million, as authorities move to speed up the implementation of the project.Advertisements Addressing a post-Cabinet media briefing in Harare yesterday, the minister of Information, Zhemu Soda, implored the ministry of Lands to complete…

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Government tightens security against mineral leakages

AUTHORITIES are engaging security agencies to implement measures aimed at curbing the leakage of minerals during the export of unprocessed ores.Advertisements This comes as the government, in February, banned the export of raw minerals and lithium concentrate to force local value addition and ensure accountability. Appearing before the parliamentary portfolio committee on Mines on Monday,…

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State accelerates AI drive

THE government says it is accelerating its digital transformation agenda, signalling a decisive shift from policy development to practical implementation as Zimbabwe seeks to position itself as a competitive player in the global artificial intelligence (AI) economy.Advertisements Speaking during the 2026 Digital Economy Conference yesterday, the minister of Information Communication Technology, Tatenda Mavetera, said the…

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Zim advances China horticulture export talks

ZIMBABWE is finalising negotiations with China to establish export protocols for various horticultural products, aiming to unlock the Asian market.Advertisements This comes as the government is anticipating an increase in exports of different horticulture products to the Far East after China’s move to open green lanes for the country’s agricultural products. In an interview yesterday,…

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