Zimbabwe's gold sector has demonstrated remarkable resilience, with July witnessing a substantial surge in gold deliveries to Fidelity Refinery, the nation's sole gold purchaser. The total volume of

n a challenging economic landscape marked by volatile exchange rates, power outages, and ongoing liquidity constraints, Nampak Zimbabwe, a leading packaging firm says it will leverage on cost containm

aledonia Mining Corporation, the second-largest gold producer, has reported a record gold output of 20,773 ounces (648 kg) during the second quarter ended June 30, 2024. This has taken the company's

Leading bricks manufacturer, Willdale Limited Zimbabwe, has posted a depressed Q3 performance for the third quarter ended 30 June 2024, owing to intensive load-shedding and low working capital. The c

Water levels at the Kariba Dam have dropped significantly, with the usable live storage for power generation declining from 29.05% in 2023 to just 10.35% Electricity demand from the mining sector alo

Fuel prices have gone up, with petrol increasing from US$1.59 to US$1.60 per liter and diesel rising from US$1.62 to US$1.63 per liter   Historically, gasoline prices have averaged US$1.45 per liter

Seed Co Limited, Zimbabwe's largest seed company, has started the 2025 fiscal year on a positive note, reporting increased sales volumes, revenue, and operating profit in its first quarter. This enco

Zimbabwe Development Agency (ZIDA) has reported a strong performance in the second quarter of 2024 having issued 154 new licenses with a projected value of $1.809 billion, which was an improvement fro

aledonia Mining Corporation has made significant strides in promoting environmental, social, and governance (ESG) practices and corporate governance in 2023 by having slashed diesel usage by 62% as pa

Mashonaland Holdings Limited, a leading prominent property investment and development company has appointed  Kudakwashe Musundire as the company's new Chief Executive Officer, effective August 1, 2024

he Zimbabwe Gold (ZiG) has recorded a poor performance in July 2024. It started trading in April 2024 at a high of 13.56 ZiG per US dollar, but by the end of July 2024 had fallen to 13.79 per dollar.

CFI Holdings has faced significant challenges in its operations, citing high competition from unregistered informal market players and the impact of drought conditions in the six months to 31 March 20

Ariston Holdings Limited, a prominent agricultural company, has reported a significant surge in tea production during its latest third quarter trading update for the period ended June 30, 2024. The c

Delta Corporation, a leading beverages manufacturer with over 80% market share, has seen its performance heavily affected by the sugar tax introduced by Finance and Economic Development Minister Mthul

Zimbabwe's trade deficit surged in June 2024, reaching over $200 million. The latest data from Zimstat shows the deficit rose by 39.6% to $218.9 million, up from $156.8 million in May 2024. A trade d

Zimbabwe's gold exports for June 2024 remained the top export, but fell to 30.5% according to data released by the country's statistics agency, ZIMSTAT. This is down from a higher of 42.8% in May, a

In the latest mid-term budget announcement, Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, has fallen short of meeting the diverse fiscal expectations of b

Turnall Holdings Limited has announced the resignation of John Mkushi from his position as Managing Director, effective August 1, 2024. Mkushi had previously served as the Managing Director and then

The embattled ZiG, a currency embroiled in a fierce battle for survival, has found itself in a perilous state, trading at an alarming rate of 13.7689 against the mighty U.S. dollar on July 24th, 2024

Following a concerning 2023 Auditor General's report that exposed high-level corruption in government parastatals, the Finance Permanent Secretary, George Guvamatanga, has claimed that the Auditor Gen