News

Zimbabwe’s energy regulator is reviewing the country’s fuel pricing model to benchmark it on regional standards amid concerns that petroleum products were grossly overpriced, a senior government official has said.…

Struggling MetBank has reduced its losses to $130 000 in the six months to June  from $3.5 million registered in the same period last year, the bank said. In the…

President Robert Mugabe’s continued stay in power and the stifling of debate on who is going to succeed him has fuelled speculation about his successor with one online publication saying…

Zimbabwe’s electricity shortages are set to worsen after the power utility today reduced output at its two main plants, Kariba hydro and Hwange thermal, due to low water levels and…

Global banking group Standard Chartered Plc’s Zimbabwean unit reported pre-tax profit of $1.2 million in the six months to June 2015, a decrease of 85 percent from a profit of…

Nigerian magnate Aliko Dangote, reported to be Africa’s richest man, says he is looking to invest in coal mining and power generation in Zimbabwe, apart from setting up one of…

BancABC Zimbabwe’s parent company, Atlas Mara, has registered $4.1 million after tax profit in the half-year to June compared to a loss of $3.2 million reported for the prior year…

Zimbabwe’s largest platinum miner Zimplats ‘s reported a $74.3 million loss in the full year to June 30 compared to a $97.1 million profit in the previous year after losing…

Nigerian billionaire Aliko Dangote today announced plans to build a 1.5 million tonne cement plant in Zimbabwe, double the current output from the country’s three major producers. Dangote arrived in…

Listed financial services group FBC Holdings registered $8.2 million after tax profit in the half-year to June, a 21 percent increase on the prior year, spurred by higher net interest…