News

Delta Corporation says it expects no changes to its relationship with its new shareholders after regulators approved principal owner, SABMiller’s takeover by Belgium-based brewer, AB InBev. SABMiller owns 38 percent…

Work on the expansion of Kariba South power plant is 60 percent complete with the first 150 MW unit expected to be ready by December next year, President Robert Mugabe…

Hwange Colliery Company’s financial results over the last five years make for sorry reading. On Monday, the coal miner reported a $28 million net loss for the six-month period to…

President Robert Mugabe today mapped the way forward for Zimbabwe for the coming year when he officially opened the fourth session of the eighth Parliament of Zimbabwe during which several…

Zimbabwe’s President Robert Mugabe today told Parliament that his government’s controversial empowerment law will be amended to reflect softened local ownership demands on foreign mines and banks which he announced…

CFI Holdings’ subsidiary, Crest Poultry Group (CPG) is seeking $5 million from shareholders for working capital to restart operations at its Agrifoods unit. Agrifoods, Crest Poultry Group and Manicaland Farmers…

The Zimbabwe Stock Exchange market capitalisation remained largely stable in September, shedding $500 000 to $2.81 billion but turnover nearly doubled. In real terms, market capitalisation marginally shed 0.31 percent…

Zimbabwe’s horticultural exports amounted to $72.1 million in 2015, according to trade promotion agency Zimtrade, a significant increase from $49 million the previous year but still about half of the…

Zimbabwe will register negative economic growth of -0.3 percent in 2016 and -2.5 percent in 2017, the International Monetary Fund has projected, confirming the end of a seven-year rebound from…

ZB Financial Holdings and major fertilizer firms Chemplex and ZFC have been taken off the United States sanctions list, the US Treasury announced yesterday. The Industrial Development Corporation (IDC), a…