News

Zimbabwe’s rich Marange diamond fields in the east of the country can produce one million carats of diamonds per month and earn the country $800 million in dividends annually, Mines…

Zimbabwe’s central bank yesterday imposed tight cash withdrawal limits and announced plans to introduce local “bond notes” to circulate alongside a basket of foreign currencies adopted in 2009, in a…

The Movement for Democratic Change has accused President Robert Mugabe’s government of trying to bring back the Zimbabwe dollar through the back door and says the country will be de-dollarized…

Delta Beverages injected more than $4 million into its Beverages Sorghum Contract Farming Scheme (BSCFS) during the 2015/6 financial year and received about 15 675 tonnes of the grain, an…

Zimbabwe will introduce local “bond notes” and impose limits on daily bank withdrawals as part of measures to ease an acute cash shortage in the country, central bank governor John…

The Zimbabwe government has put $600 million worth of the country’s critical power projects in the hands of a middleman accused of drug trafficking, and awarded big contracts to companies…

Zimbabwe’s largest local financial services group CBZ Holdings intends to increase contribution of its non-banking assets from 15 percent to 20 percent by the year 2019. Group chief executive Never…

President Robert Mugabe is now isolated as he has been split on trying to rein in his wife, Grace, and her G40 without at the same time alienating himself from…

Mimosa Platinum mine’s PGM (4E) production for the March 2016 quarter increased to 30.483koz compared to 28.676koz in the same period in 2015. This resulted in a 6 percent year-on-year…

Togolese President Faure Essozimna Gnassingbé says African countries must change ways of doing business and adopt aggressive mechanisation to realise economic transformation. Officially opening the 57th Zimbabwe International Trade Fair…