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Zimbabweans unexcited by Mushayavanhu’s appointment as RBZ governor
John MushayavanhuMichael Mashiri and Patience MuchemwaMany people have expressed pessimism over incoming Reserve Bank of Zimbabwe governor, Dr. John Mushayavanhu with no expectations that he will brin...
Edgars income slumps by 32.80% in 9 months
Zim Now WriterEdgars' finance income decreased by 32.80% (ZWL$12.42 billion) in the nine months compared to prior year same period (ZWL$18.48 billion), on historical cost terms.The company confirmed t...
Govt decries price hikes of basic commodities
Oscar J JekeThe Ministry of Industry and Commerce has expressed disgruntlement over the continued rise of prices of basic commodities.This emerged following a meeting with Business Member Organisation...
Govt halts mining ownership transfers citing massive distortions
Mines Ministry Permanent Secretary, Pfungwa KunakaNyashadzashe Ndoro Ministry of Mines and Mining Development has halted the transfer or exchange of ownership of mining rights to curb the rise in dist...
Li3 Lithium offloads its 50% stake in Mutare Lithium Project
Zim Now WriterCanadian firm Li3 Lithium has said it lacks sufficient funds and management resources to simultaneously undertake work on both Zimbabwe Mutare Lithium Project and its Nevada Northern Lig...
Political instability affecting economy: CEOs lament
Nyashadzashe NdoroThe business community has come out guns-blazing blaming political instability in the country for the setbacks Zimbabwe's economy is facing.Presenting the CEO Africa Roundtable Busin...
Caledonia looks to sell its US$14 million solar plant
Caledonia Mining Corporation is in the process of selling its US$14 million solar project after receiving an offer from a major solar operator. Caledonia owns the solar project, which was completed ea...
Karo Mining on track to begin platinum ore milling by 2025
Zim Now WriterKaro Mining Holdings is upbeat about producing the first Platinum Group Metals ore for milling within the next two years.Initial indications had placed the first ore mill at Karo Mining...
World Bank urges Zim to increase investment in energy access
Audrey GalawuThe World Bank has suggested that Zimbabwe should invest more in reliable and universal access to energy as the country reportedly lost a total of 6.1 percent of GDP per year, comprising...
Economy to slow by 3.5% amid heavy public debt: World Bank
Nyashadzashe NdoroZimbabwe’s economy is projected to slow to 3.5% in 2024 coupled by the rise in public debt due to accumulating external arrears and legacy debt, the World Bank has noted.“The economy...