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Reconstruction order aims to revive struggling Zimbabwean nickel giant
Nyashadzashe NdoroZim Now ReporterBindura Nickel Corporation, Zimbabwe’s largest nickel producer, has been issued with a reconstruction order by the government, citing financial difficulties and equip...
Zimasco retrenches 200 workers
Zim Now WriterZimbabwe’s largest ferrochrome producer, with an annual output of 180 000 tonnes – the Zimbabwe Mining and Smelting Company - has today compulsorily retrenched over 200 workers from its...
Contango makes strides at Muchesu following £940 000 capital raise
Nyashadzashe NdoroZim Now ReporterContango Holdings Plc, focused on developing Zimbabwe’s massive Muchesu coal project, announced positive progress following a successful capital raise of £940 000 in...
Metbank records US$547 million income, seeks funds to support clients
Zim Now WriterMetbank has reported a comprehensive income of US$547.8 billion compared to US$66.8 billion for the year ended December 31, 2023.The gains were underpinned by revaluation gains of their...
Zim urged to embrace ZiG to boost competitiveness in the Africa Continental Free Trade Area
Zim Now Writer The Confederation of Zimbabwe Industries has urged Zimbabweans to embrace the Zimbabwe Gold currency as it would help boost the country’s competitiveness in the wake of the Africa Conti...
ZIDA set to develop US$15 billion project
ZIDA, ZimTrade and Zambia Development Agency signing ceremonyAudrey GalawuASSISTANT EDITORThe Zimbabwe Investment and Development Agency is set to develop a US$15 billion project pipeline through reso...
ZiG requires frequent auditing of both gold and cash reserves: Zimcodd
Audrey GalawuASSISTANT EDITORThe Zimbabwe Coalition on Debt and Development has said that the Zimbabwe Gold currency requires regular auditing of the physical gold and USD cash reserves by reputable a...
FBC Holdings’ financials raise long-term stability concerns
Zim Now ReporterFBC Holdings Limited’s latest consolidated financial statements for the year ended December 31, 2023, raise concerns about the long-term stability of the company.While the Group boasts...
Padenga Holdings; gold and crocodile skins drive revenue, profitability under pressure
Nyashadzashe NdoroZim Now ReporterPadenga Holdings Limited reported mixed results for the fiscal year 2023 (FY23), with revenue rising on the back of firmer gold prices and improved crocodile skin qua...
Mushayavanhu flips on World Bank role in Zimbabwe’s flailing new currency
Nyashadzashe NdoroZim Now ReporterIn a confusing turn of events, Reserve Bank of Zimbabwe Governor, Dr. John Mushayavanhu has contradicted himself within a week on the involvement of the World Bank in...