Zim targets 12m carats in 5 years

Golden Sibanda Zimbabwe is targeting to grow diamond production from 3,5 million to 12 million carats by 2025, Minister of Mines and Mining Development Winston Chitando has said. Before Zimbabwe…

Land to securitise farmers’ compensation bond

Ishemunyoro Chingwere Business Writer Agriculture and commercial land could be used as security for the US$3,5 billion sovereign bond the Government plans to issue to raise funds meant to compensate…

Indigenisation laws worry investors

Martin Kadzere Despite the scrapping of Zimbabwe’s indigenisation equity thresholds on diamonds and platinum, investors remain sceptical as the policy is yet to be regularised into the law, the Chamber…

UK’s largest bank endorses Zim

Business Writer The United Kingdom (UK’s) largest banking group, Lloyds Bank, says reforms under the new administration offer hope for significant growth in Foreign Direct Investment (FDI) in Zimbabwe. Notably,…

Fintech key to banking digitalisation: Nedbank

The Covid-19 pandemic is speeding up the pace of digitalisation of financial services, Nedbank Zimbabwe managing director Sibongile Moyo tells The Africa Report. “Branch footfall does not justify bricks and…

ZMDC surrenders mining assets

Business Writer Following close to one and half decade search for investors, state-owned Zimbabwe Mining Development Corporation (ZMDC) has finally secured equity partners for most of its mining assets. ZMDC,…

Private sector debt stifles offshore credit

Martin Kadzere Some local companies are reported to be failing to get credit from offshore financiers as the Reserve Bank of Zimbabwe is yet to clear legacy debts owed to…

COMMENT: Honouring of heroes, heroines from early wars most welcome

A MAN who does not know where the rain began to beat him cannot say where he dried his body.” This Igbo proverb popularised by the renowned Nigerian author, the…

Bulawayo companies under spotlight

Prosper Ndlovu, Business Editor BULAWAYO companies are under the spotlight as businesses in Zimbabwe and Botswana are set to benefit from a virtual trade mission that will enhance trade relations…

A wave of early pregnancies leaves Hwange wounded

Fortune Ndlovu THE mining town of Hwange is currently mirrored by a dreary situation. The town continues to record high numbers in teenage pregnancies. Although reasons vary and include poverty,…

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