Stories

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…

Wines and spirits maker African Distillers (Afdis) reported a 55 percent increase in after tax profit to $3.1 million in the full year to June 31 compared to the previous…

Vice-President Emmerson Mnangagwa says the road to the presidency of Zimbabwe is wide open. Anyone who is a member of the Zimbabwe African National Union-Patriotic Front can become president. “Those…

Resources group RioZim says it is engaged in negotiations to reschedule its $45 million debt and expects to conclude the arrangement by the end of the third quarter this year.…