Stories

Hwange Colliery says it is banking on the approval of its scheme of arrangement with its creditors to turnaround the struggling company. The coal miner owes various creditors $180 million…

Zimbabwe’s Finance Minister Patrick Chinamasa says the World Bank and African Development Bank (AfDB) have approved the country’s debt refinancing plan, clearing a major hurdle as it bids to pay…

Construction of the dualised Harare-Beitbridge-Chirundu highway is expected to start next month, with the project expected to be complete in three years. The Zimbabwe government signed agreements November last year…

Zimbabwe is in the process of amending the indigenisation policy, which will see all mining companies compelled to spend 75 percent of their gross revenue locally, Mines Minister, Walter Chidakwa…

Britain was quite aware of the Gukurahundi massacres committed by Zimbabwe’s Five Brigade in the 1980s but it turned a blind eye because Zimbabwe was important for both British and…

Turnall Holding yesterday said it is engaged in discussions to restructure the company’s balance sheet which showed its debt at 250 percent above its networth. As at June 30, 2016,…

Zimbabwe African National Union-Patriotic Front national political commissar Saviour Kasukuwere is reported to have survived the purge against him yesterday but Jacob Mudenda who was chairing the meeting said he…

London-listed junior miner Vast Resources says production at its Pickstone-Peerless Gold mine in Zimbabwe grew to 2 974 ounces compared to 2 808oz over the same period last year despite…

Zimbabwean banks are holding only two percent of their liquid assets as cash, with more than 36 percent in the form of real-time gross settlement systems (RTGS), a central bank…

Zimbabwe has so far raised and disbursed $45 million out of $200 million required to rehabilitate road infrastructure that was hugely damaged by Cyclone Dineo, Vice-President Emmerson Mnangagwa said today.…