HARARE - Zimbabwe’s gold mining industry recorded strong third-quarter performances in 2025, as soaring global gold prices lifted revenues and boosted profitability across the sector.
BULAWAYO - Finance Minister Mthuli Ncube has confirmed that the Zimbabwe government has bought the Monomotapa Crowne Plaza Hotel in Harare to accommodate Members of Parliament during sittings.
Zimbabwe is an aspirational country marching to be a middle to high income society by 2030. There are several key drivers that can help the country achieve the 2030 goal. Among them is the country’s real estate sector which should assume branding as a national responsibility.
HARARE - Embattled Zimbabwe Stock Exchange-listed miner RioZim Limited has said that the first half of 2025 was one of the most challenging periods in its recent history, marked by sharply reduced production across its mining operations and deep financial losses.
HARARE - Invictus Energy Limited has outlined plans to shift from strategic preparation to on-the-ground execution in 2026, following a landmark partnership with Qatar-based Al Mansour Holdings (AMH), which committed up to US$500 million in conditional funding to bring Zimbabwe’s Cabora Bassa gas project into commercial production.
At a time when Zimbabwe is planning a phased transition to a mono-currency system, with the goal of making the Zimbabwe Gold (ZiG) its sole legal tender by 2030, the ZiG has been ranked as one of the world’s worst-performing currencies, according to United States economist Professor Steve Hanke, who placed it sixth on his latest Hanke’s Currency Watchlist.
It’s astonishing how easy it is to convince oneself to see what simply isn’t there. The Reserve Bank of Zimbabwe (RBZ) wants us to believe that the growing number of transactions conducted in the Zimbabwe Gold (ZiG) is a sign of renewed public confidence in the local currency. But let us not be deceived. The truth is far less flattering.
KWEKWE - A sophisticated gold smuggling syndicate operating under the guise of a legitimate mining venture in Silobela, Kwekwe District, is believed to have siphoned more than 120 kilograms of gold, valued at over US$10 million, from Zimbabwe’s formal market within two years.
MUTARE - Zimbabwe’s largest tea producer Tanganda Tea Company Limited has issued a further cautionary announcement, informing shareholders and the investing public that the company’s proposed capital raise through a Renounceable Rights Offer remains under consideration.
HARARE - A growing international outcry for urgent debt relief across Africa has coincided with alarming new assessments from the International Monetary Fund (IMF) and World Bank showing that Zimbabwe’s total public debt has ballooned to US$23.3 billion, significantly higher than official government estimates.
