finance

Caledonia hands over solar plant

CALEDONIA Mining Corporation has handed over the 13,9-megawatt peak solar photovoltaic plant to CrossBoundary Energy, concluding the deal valued at a pre-tax consideration of US$22,35 million.CrossBoundary Energy’s acquisition of the facility under a 17-year power purchase agreement will enable Caledonia’s Blanket Mine to focus on its core operations by relieving them of ongoing maintenance of…

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Econet named best digitalised company

Econet Wireless Zimbabwe has been named the Best Digitalised Company at the 2025 Institute of Directors Zimbabwe (IoDZ) Director of the Year Awards, in recognition of its leadership in digital innovation and transformation.The award celebrates Econet’s exceptional use of technology to improve service delivery, boost operational efficiency, and elevate the customer experience.In addition, the company…

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AI can help end hunger in Zimbabwe

GODFREY NYONI HUNGER is one of Zimbabwe’s biggest problems. In many parts of the country, families still sleep on empty stomachs, children go to school without food, and small farmers struggle to grow enough crops. Drought, high food prices, climate change, and poor farming support have made the situation worse. But there is hope.A new…

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‘Convert ESG concepts into investments’

REAL estate professionals need to effectively translate environmental, social, and governance (ESG) concepts into tangible investments riding on investors’ prioritisation of sustainable projects, property experts have said.ESG integration can lead to better risk management, long-term value creation, and potentially stronger financial returns as investors are increasingly focused on these factors when making investment decisions.Speaking at…

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Edgars courts partners for solar project

EDGARS Stores (Edgars) is pursuing strategic partners to invest in the proposed solar energy project, capitalising on the extensive rooftop space at its Carousel manufacturing facility in Bulawayo.Carousel, which recently received a US$1 million capital investment from the group towards equipment upgrades, will benefit immensely from a steady supply of energy. Already, the manufacturing unit…

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SA tariff burden to hurt Zimbabwe’s economy

THE imposition of a 30 percent tariff on South African products to the United States (US) will have an adverse trickle-down effect on the Zimbabwean economy, local analysts have warned.The tariffs, effective August 1, 2025, could prompt trade shifts for South African producers, they say.Although the immediate effect on Zimbabwe’s trade balance is projected to…

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The impact of AI on board decision making

BY BOTHWELL NYAJEKA THE board room has evolved over the years driven largely by regulatory changes, particularly with respect to deepening compliance with corporate governance tenets. The advent of Artificial Intelligence (AI) adds a new layer of intrigue and disruption into the operations of company boards in as much as it is anticipated to revolutionise…

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Willdale grapples with cash flow challenges

…bets on land bank disposal for liquidity WILLDALE Limited (Willdale) is facing severe cash flow challenges due to weak margins exacerbated by reduced selling prices due to intensified market competition ― particularly in the common plaster brick segment.The Zimbabwe Stock Exchange (ZSE) brick maker’s operations have also been inefficient due to antiquated plant equipment as…

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