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…
THE Zimbabwe Industrial Reconstruction and Growth Plan (2024-2025) achieved a 70 percent completion rate as of September 2025, demonstrating progress in revitalising the local manufacturing and commerce sectors.The plan, a transitional framework leading to the 2026 – 2030 industrial policy, aims to reduce the import bill, enhance local production, and unlock export potential.“The Zimbabwe Industrial…
ZIMBABWE’S business community has been urged to tighten compliance and enhance transparency in tax reporting as major fiscal and regulatory reforms are expected in 2026.Speaking at the Baker Tilly Tax Summer School held at Troutbeck Resort in Nyanga last week, expert Simbarashe Hamudi said that companies must now “treat transfer pricing documentation not as an…
After facing considerable criticism, Eskom has relented on the onerous and costly requirements for registering small-scale embedded generation (SSEG) – primarily rooftop solar – within its distribution areas. It will…
CLOTHING retailer, Edgars Stores, recorded a rebound in sales and revenue for the half year ended June 30, 2025, driven by stronger consumer spending power. This recovery came on the back of a stable local currency, a strong agricultural season, firm global mineral prices and higher diaspora remittances, which boosted liquidity in the economy. “The…
By Lorreta Songola – CEO Liquid Intelligent Technologies Zimbabwe WHEN a business decides to move to the cloud, one of the most important considerations is maintaining the safety, privacy of…
Swiss-based bottler Coca-Cola HBC on Tuesday said it has agreed to buy a 75% stake in its African counterpart for $2.6 billion, creating the world’s second-largest Coca-Cola bottling partner by…
POWER utility Zesa has announced that Unit 8 of Hwange Thermal Power Station, which generates 335 megawatts (MW), has been taken off the grid for statutory maintenance, further compromising the country’s electricity supply. The planned outage, which began on Monday, will last 10 days. Figures from Zesa subsidiary, the Zimbabwe Power Company (ZPC), yesterday showed…
THE International Monetary Fund (IMF) has lauded the country for implementing sound economic reforms that have resulted in relative stability of prices of basic goods and the foreign currency exchange rate. This comes as the government continues to engage with the IMF in crucial discussions that could lead to Harare securing another Staff-Monitored Programme (SMP)…
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