finance

Vic Falls hotel occupancy spikes over Easter

VICTORIA Falls hotels recorded strong occupancy levels over the Easter holiday period, reflecting robust demand from both domestic and international travellers, an industry official said. The tourism industry in Zimbabwe has been growing steadily over the years, and efforts are being made to improve infrastructure and attract more visitors to boost hotel occupancy levels. Hospitality…

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Zimbabwe anchors US$3 billion energy plan

ZIMBABWE is emerging as a focal point in a US$3 billion energy programme funded by the African Export-Import Bank (Afreximbank) to modernise fuel supply chains across Southern Africa. The project aims to cut the region’s reliance on Middle Eastern imports. Afreximbank’s senior executive vice-president Denys Denya detailed a strategic vision focused on upgrading pipelines, increasing…

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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. 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. 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. 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 would…

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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. 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. 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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