ZIMBABWE’S state-owned Kuvimba Mining House is set to begin construction of a US$270 million lithium concentrator at its Sandawana mine in the third quarter of this year. According to chief…
OVER 500 exhibitors are expected to showcase their products at this year’s Zimbabwe Agricultural Show (Zas) edition, highlighting the nation’s agricultural strength and progress. Addressing journalists in Harare yesterday, Zas chief executive officer, Rufaro Gumundu said 304 exhibitors had already confirmed participation and 62 710,64 square metres have already been allocated. “The strong uptake is…
ECONET Wireless Zimbabwe has expanded its popular smartphone credit scheme, Kancane Kancane, by extending the repayment period from just three months to up to 24 months — with no initial deposit required. The move is set make smartphones significantly more affordable through the flexible repayment options of 6, 12, 18 and up to 24 months,…
AMID ongoing currency anxieties, speculative demand and supply shortages, the country’s real estate sector is enjoying good times overall, with property prices continuing to go through the roof.At the same time, experts who spoke to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — said this…
THE Securities and Exchange Commission of Zimbabwe (SecZim) has raised concern over the continued contraction of the local equities market due to liquidity shortages, a negative perception and limited investor awareness.The country’s primary bourse, the Zimbabwe Stock Exchange (ZSE) has witnessed over a dozen de-listings in the past decade while the Victoria Falls Stock Exchange…
Staff Writer MUTAPA Investment Fund (Mutapa) is weighing several capital raising initiatives to revitalise its expansive business portfolio, including through joint ventures and cross-subsidising its units to achieve mutual growth.Cross-subsidising is a business practice which involves using profits generated by one profitable business unit to offset losses incurred by another, less profitable unit within the…
CBZ Holdings (CBZ) says it is pursuing strategic partnerships to grow a balance sheet massive enough to attract offshore funding following the failed acquisition of ZB Financial Holdings (ZBFH) and First Mutual Limited (FML).The Competition and Tariff Commission (CTC) dealt CBZ a double blow when it blocked its plans to acquire ZBFH and an attempt…
Almot MaqoloStaff Writer TURNALL Holdings (Turnall) is restructuring its raw material supply model to cut costs and boost efficiency by identifying competitive suppliers, reducing imports and recycling waste back into production.The roofing products manufacturer wants to revamp deteriorating margins and enhance profitability, starting with recalibrating its procurement strategy.Turnall relies heavily on three core raw materials…
Delta Corporation (Delta) says it has sufficient stocks of locally produced barley to meet all its domestic and export beer production requirements until February next year.Barley is a key ingredient for most alcoholic beverages the group produces. Previously, Delta encountered difficulties importing essential raw materials to maintain operations due to supply chain interruptions and shortages…
NAMIB Minerals plans to invest US$400 million over five years to restart production at its two Zimbabwean gold mines, an initiative expected to drive the company’s growth. The Nasdaq Stock Exchange-listed firm owns the Mazowe and Redwing gold mines. The investment could see the company tapping into 3,7 million ounces of combined gold reserves across…
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