Lovemore Chihota

Listed mining group, RioZim, says it is set to kick start development of the proposed US$2 billion Sengwa Thermal Power Station project in Gokwe before the end of this year.
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RioZim says its profits declined 86 percent to $406 000 during the half year ended June 30, 2018 compared to $2,90 million in the previous period.
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RIOZIM believes lingering concerns over the indigenisation of diamond and platinum mines will be fatal to these respective sub-sectors.
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The Zimbabwe Stock Exchange listed resources firm, RioZim, is courting regional and international investors to finance its proposed power station and coal mining project in Sengwa, the Financial Gazette’s Companies & Markets can report.…
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Auditing firm Ernst & Young Chartered Accountants Zimbabwe (EY) has raised a red flag over RioZim’s operations despite the listed resources firm registering a $2,5 million profit last year. "The group’s current liabilities…
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RioZim chairman Lovemore Chihota has come under fire from the company’s shareholders and other interested stakeholders for misleading the nation on the Murowa Diamonds (Murowa) deal. Chihota told the country that global resources…
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