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Metallon Gold pleads for corporate rescue
Zim Now WriterSenior managers of Metallon Corporation’s Mazowe Gold Mine have filed a new application for corporate rescue with the High Court, about three years after a previous bankruptcy protection...
Axia Corporation reports profit increase, defies economic headwinds
Nyashadzashe NdoroAxia Corporation, a leading Zimbabwean retailer of furniture, electronics, and automotive parts, defied a challenging economic environment to report a 7% increase in profit after tax...
Invictus Energy reaffirms gas-condensate discovery
Audrey Galawu Invictus Energy Limited has confirmed a rich gas-condensate discovery in Mukuyu and presence of light oil following an additional downhole fluid sample analysis.The compositional analysi...
National Foods defies odds, delivers profit surge despite Zimbabwe’s challenges
Nyashadzashe NdoroNational Foods Ltd. weathered a complex operating environment in Zimbabwe to achieve profit growth for the six months ended December 31, 2023.The company reported a 56% increase in P...
RGM International Airport rehab works set for completion end of June
Oscar J JekeConstruction works at the Robert Gabriel Mugabe International Airport’s old terminals have been earmarked for completion by the end of June this year.The upgrade of the RGMIA and the VVIP...
Willdale to develop idle land to acquire new plant
Audrey GalawuWilldale Limited Company is exploring the possibilities of unlocking value from undeveloped land held by the company to channel into the growth of the business.The company hopes to tap in...
Former Caledonia CEO, Steve Curtis to step down from Board
Former Caledonia Mining CEO, Steve CurtisZim Now WriterFormer Caledonia Mining Corporation CEO, Steve Curtis, is stepping down from the firm’s Borad of Directors.Curtis retired as CEO in June 2022 and...
Uncertain future for Old Mutual ZSE Top Ten ETF
Nyashadzashe NdoroThe future of the Old Mutual Zimbabwe Stock Exchange Top Ten Exchange Traded Fund is uncertain due to changes in the underlying index.In a cautionary statement released on Wednesday,...
Tobacco purchases set to increase in 2024
Oscar J JekeThis year’s tobacco purchases are set for a significant increase that will breach the US$81 million from last year’s local financing of US$73.2 million, a Cabinet minister has said.Address...
Tariro Gadzikwa joins Caledonia board of directors
Tariro Gadzikwa Zim Now WriterCaledonia Mining Corporation Plc has announced that Tariro Gadzikwa has joined Caledonia’s board of directors as an independent non-executive director with effect from Ma...