Business & Investment
Economic news, markets, and investment updates.
Explore Business Profiles →Get the Zim Now Daily Brief
Business news, investment opportunities, market updates, and company insights.
You will complete your subscription on Substack.
African Sun records profit despite macroeconomic challenges
Zim Now WriterAfrican Sun Limited, a Zimbabwean hotel and leisure group, has announced its financial results for the year ended December 31, 2023, showcasing resilience in a difficult economic climate...
Tourism industry aims to become largest GDP contributor, says Minister Barbra Rwodzi
Tourism and Hospitality Industry Minister, Barbra RowdziOscar J JekeThe tourism industry has set its sights on becoming the largest contributor to the nation’s GDP, aiming to double its current percen...
Sabi Star Mine to save on power bill as 15 MW station nears completion
Oscar J JekeZim Now ReporterBuhera-based Sabi Star Lithium Mine is set to complete construction of its 15 megawatts thermal power plant by the second half of this year, a development that is set to cu...
Massive hydrocarbon potential in Zimbabwe’s Cabora Bassa basin
Nyashadzashe NdoroZim Now ReporterInvictus Energy Limited has announced positive results from the interpretation of new 2D seismic data acquired in its Cabora Bassa Project in Zimbabwe.The company sai...
Fossil Mines’ Khayah Cement faces audit hurdle, delays financials release
Nyashadzashe NdoroZim Now ReporterThe Zimbabwe Stock Exchange-listed Khayah Cement Limited has announced a delay in publishing its financial results for the year ended December 31, 2023.In a statement...
ZECO Holdings reports loss, faces uncertain future
ZECO Holdings chairman, Engineer Ben RafemoyoNyashadzashe NdoroZim Now ReporterZimbabwean engineering firm ZECO Holdings reported a ZWL$69.0 million (US$3 million) loss for 2023 despite a significant...
Zimbabwe seeks to attract more foreign investment
 HARARE, Xinhua - Zimbabwe has reaffirmed its commitment to boosting foreign investment, following the recent partial lifting of United States sanctions on the country.Speaking at a two-day Zimbabwe I...
Cottco acting MD in court on corruption, money laundering charges
Patience Muchemwa Zim Now ReporterCottco Zimbabwe's Acting Managing Director, Munyaradzi Chikasha (46), faces corruption and money laundering accusations after appearing before the Harare Magistrates'...
Zimbabwe commits to making new currency convertible, says minister
 HARARE, Xinhua - Zimbabwean Finance Minister Mthuli Ncube said on Thursday that the country is committed to making the new gold-backed currency, the Zimbabwe Gold, fully convertible.He said the gover...
CBZ Holdings reports solid performance in 2023, despite headwinds
Nyashadzashe NdoroZim Now ReporterCBZ Holdings Limited, Zimbabwe’s leading financial services group, has reported a positive performance despite global and regional economic challenges.This is contain...