Premier completes modalities to raise £12 million

Business Writer PREMIER African Minerals Limited, which owns a lithium and tantalum operation in Matabeleland South province, has announced the completion of a subscription agreement to raise £12 million for…

Econet appoints Elizabeth Masiyiwa to its board of directors

Business Writer Econet Wireless Zimbabwe Limited has appointed Elizabeth Masiyiwa to its board of directors, according to a statement released by the company on its official website. The appointment is…

Govt spending on infrastructure spurs local industry

By Taka Shambare Massive infrastructure projects being carried out by the Second Republic across various sectors have excited local industry, which is reaping huge profits from the increased government supply…

EIA compliance on black granite impresses EMA

NewZiana The Government is impressed with the rate of compliance by companies mining black granite in Mutoko, Mashonaland East province to undertake Environmental Impact Assessment (EIA) processes. The EIA is…

R145bn funding shortfall over the next five years

News24.com Zimbabwe’s mining industry sees a funding shortfall of $10 billion (~R145 billion) over the next five years, a challenge compounded by erratic power supplies and exchange-rate volatility. While Zimbabwe…

Financial Services Index leads ZSE to a positive close

Business Writer Banking stocks drove home the biggest gains in the session with the financials index closing in at 16,039.44 after gaining 4.62 percent. The gains left the medium cap…

Asian import cars help boost Transnet’s Durban terminal

Khulekani Magubane Transnet says the popularity of Asian import vehicles such as Suzuki, Hyundai and Haval contributed to the entity’s Durban car terminal grow its transshipments by 55 percent since…

Turnall predicts brighter future

Business Writer Turnall Holdings Limited’s prospects this year and going forward are bright with the company expected to resume production of roofing sheets in Harare, in a move that will…

Property market remains sluggish

Business Writer The property market has generally remained under strain in the past year with landlords of commercial properties sitting on high debtor balances due to debts incurred during the…

Zimbabwe/Rwanda, cementing economic relations

Business Writer Zimbabwean and Rwandese officials at government and private sector levels, met in Harare last week, deliberated on critical economic issues and deals were penned. And this pointed out…

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