Business

Huge investments into Zimbabwe’s large-scale gold mines have bolstered output in several key operators that have pushed production beyond initial projections, Mines minister Winston Chitando said this week. Investments into key operations like the Zimbabwe Stock Exchange (ZSE)-listed conglomerate Padenga Holdings’ Eureka and Pickstone gold mines in Mashonaland Central are …

Heavy rains that fell in Gokwe North District from Wednesday night till yesterday morning brought relief to villagers after days of high temperatures. And that relief turned into celebration when President Mnangagwa descended on the area yesterday for the national launch of the 2021/2022 Pfumvudza/Intwasa Programme at Nyenunka Primary School …

A 2012 investigation of the then mines minister Obert Mpofu by a group of investigative journalists from Canada concluded that he was “in the top five landowners in Zimbabwe”, and in Matabeleland “his holdings come second only to the 135,000 hectares owned by the Oppenheimer family.” With an eye-popping catalogue …

The deteriorating economic situation in Zimbabwe will likely be felt by the already ailing companies and restive Zimbabweans going into 2022 owing to a hostile business environment and high-country risk which threatens investments and growth prospects, captains of industry warned. However, Finance and Economic Development Minister, Mthuli Ncube, believes 2021 …

NEWLY formed Front for Economic Emancipation (FEEZ) leader Godfrey Tsenengamu has castigated President Emmerson Mnangagwa and his Zanu PF party for fronting foreign interests by looting the country’s mineral wealth. The former Zanu PF youth league political commissar was speaking at the launch of his party in Harare, Saturday where …

The African continent and Zimbabwe, in particular, should start benefiting from its vast resources while using latest digital innovations that would spur economic development, Zimbabwean-born pan-African entrepreneur Langton Chirinda has said. The Australian-based was among 10 semi-finalists in the African Continental Free Trade Area Caravan Prize which also had five …

Zimbabwe and Britain have pledged to continue strengthening their co-operation in improving the quality of education through equipping teachers with required resources. This came out yesterday during a meeting in Harare between Minister of Primary and Secondary Education Dr Evelyn Ndlovu and British Ambassador to Zimbabwe Ms Melanie Robinson. The …

Zesa Holdings has threatened to switch off mining houses over a US$37 million legacy debt, which it blames for crippling the power utility’s operational efficiency. Amid subdued domestic electricity generation, the power utility is struggling to pay for emergency supplies from regional producers such as Hydro Cahora Bassa (HCB) of …

The year 2021 has witnessed several changes on the agricultural front. There has been significant growth in the sector, riding on a good rainfall season. Some agricultural sub-sectors like cotton have continued to be affected by delayed payments to farmers.  But in the past few months, the economy has also …

Leading funeral services company, Doves, allegedly buried a coffin without a body in error, and when it became aware of the mistake six months later, it disposed of the body without the knowledge of the dead man’s family. The shock claims have been made by a Harare law firm which …