Zimbabwe oil explorer may sell stake in gas project

June 20, 2023

Invictus Energy may sell a stake in its Zimbabwean oil and gas project if its appraisal drilling campaign confirms commercially…

Africa’s minerals giants push for bigger battery bucks as China and the West vie for clean energy resources

June 18, 2023

Some of Africa’s top mineral-producing nations are banning the export of raw battery minerals and instead want the metals processed…

Zimbabwe dollar to stabilise provided government resists temptation to print money ahead of elections

June 18, 2023

The Zimbabwe dollar will stabilise because of increased demand for the local currency provided that the government resists the temptation…

Zimbabwe’s President orders central bank to stop foreign currency borrowing

June 17, 2023

Zimbabwe's President Emmerson Mnangagwa has ordered the central bank to stop foreign currency borrowing, as the government battles to contain…

List of 1 375 companies that were allotted money at the forex auction in May

June 17, 2023

Nearly 1 400 companies and small businesses were allotted US$79.3 million at the foreign exchange auction in May bringing the…

National Railways of Zimbabwe signs US$81.2m train deal with India

June 16, 2023

Indian engineering company RITES, formerly known as Rail India Technical and Economic Services, has signed a US$81.2 million contract to…

Zimbabwe dollar now at $6 713.35 to the US dollar- convergence by mid next month

June 16, 2023

The Zimbabwe dollar today dropped to $6 713.3462 to the United States at the central bank’s wholesale foreign currency auction…

Two UK-listed firms to kick off Zimbabwe lithium projects

June 16, 2023

Two UK-listed companies have passed key milestones in their push to start mining lithium at separate projects in Zimbabwe, reflecting…

Zimbabwe dollar has depreciated by 647% this year- those in the formal sector hurt most

June 16, 2023

The Zimbabwe dollar has depreciated by 647% this year but this is hurting those in the formal sector most, IH…

Zimbabwe farmers produce the country’s biggest ever tobacco crop

June 15, 2023

Zimbabwe has recorded its highest-ever tobacco output, earning US$793 million so far, and the small-scale farmers who have made it…