Business

The Labour Court has dismissed an appeal by Modus Media (Pvt) Ltd, a special business unit that publishes the Financial Gazette, and Associated Newspapers of Zimbabwe (Pvt) Ltd, publisher of the Daily News, after the two media companies sought exemption from paying gazetted minimum wages in the printing, packaging and newspaper industry.

Three months after President Emmerson Mnangagwa removed Winston Chitando as Minister of Mines and Mining Development, the ministry has come under investigation by the Zimbabwe Anti-Corruption Commission (ZACC) over the controversial cancellation of a coal mining concession linked to Sengwa Colliery.

Zimbabwe currently does not have the technology at its borders to detect the full range of rare earth minerals that may be contained within lithium or other mineral exports, the Minister of Mines and Mining Development, Polite Kambamura, has told Parliament.

London-listed Kavango Resources plc has raised approximately US$8.4 million through subscriptions in the UK and Zimbabwe to fund the expansion of its gold production operations, including the Hillside Gold Project, while pursuing the acquisition of the Nara Gold Project despite the seller’s recent default on completion terms.

On a bright Harare afternoon, amid flashing cameras and the low hum of political and business elites, Phillip Chiyangwa once declared that he was not merely building houses but “building empires”. It was vintage Chiyangwa. Confident. Flamboyant. Unapologetic.