Milk producer, Dairibord Holdings has lamented the high cost of borrowing making it difficult to strike a balance between covering working capital gaps and financing of capital projects it has lined up ahead. Monetary authorities hiked interest rates for the local currency to 200 percent as part of measures to …

The government is reportedly struggling to pay US$5.2 million owed to a Chinese firm which was contracted to build a new mill which is expected to double production at cement producer Lafarge Cement Zimbabwe (LCZ). Legislators visiting the company at its Harare base on Monday heard that the US$15 million …

Upon taking the throne in 1952, Queen Elizabeth II inherited millions of subjects around the world, many of them unwilling. Today, in the British Empire’s former colonies, her death brings complicated feelings, including anger. Beyond official condolences praising the queen’s longevity and service, there is some bitterness about the past in Africa, Asia, the Caribbean and elsewhere. Talk …

The death of Queen Elizabeth II and another bank holiday for her funeral next week could tip the UK economy into recession, analysts have warned. The bounce back of 0.2% in July followed a 0.6% slump in gross domestic product (GDP) in June, which was triggered by an extra public …

Despite the Cheetahs finishing 23 out of 24 men’s teams at the just-ended Rugby World Cup Sevens, the Zimbabwe Rugby Union is pleased with the progress being made by the fairly young team. ZRU vice-president in charge of sevens rugby, Losson Mtongwiza, indicated on the final day of the tournament …

South Africa cricket coach Mark Boucher will quit after the upcoming Twenty20 World Cup in Australia in a surprise announcement on Monday that came hours after his team lost a test series in England. Cricket South Africa said Boucher decided to leave “in order to pursue other opportunities in line …

The death of veteran actress Rhoda Mtembe, affectionately known as Mai Sorobhi in the drama series Paraffin, has plunged the showbiz into mourning. Mai Sorobhi succumbed to a stroke yesterday morning at Harare Central Hospital. She was 79. The late actress had suffered a stroke in early 2019 which partially …

It is now two weeks after the inaugural music festival dubbed Amplifaya was held at the Heritage Park, Rainbow Towers in Harare. A lot of speculation has been said about the event which ran under the theme “New Voices Amplified!”. It was the brainchild of earGROUND’s Plot Mhako who created …

Veteran Zimbabwean actress Rhoda Mtembe known as Mai Sorobhi or Mai Parafin has died. She was 79. Kuwadzana West Member of Parliament, Mr Johnson Matambo made the announcement this Monday saying she died around 5 am. He said in a message shared on WhatsApp: Makadii hama mose pano. Ndatambira mashoko …

Deal-making is still possible in Zimbabwe, if you know your way around For proof, look no further than the transaction that’s just completed around Prospect Resources’ Arcadia lithium project, situated around 38 kilometres east of the capital, Harare. In working up Arcadia, Prospect followed a path that’s been tried and …