Business

Zimbabwe Stock Exchange listed beverages manufacturer Delta Corporation is sweating over continued challenges in the importation of its raw materials and servicing of overdue payables.

Budget airline Fastjet Zimbabwe will later this year introduce two new direct routes to its expanding network bringing the total weekly flights across the network to 138.

Zesa Holdings says it lost about 632 gigawatt hours (632 million consumer units) worth US$54 million last year due to bad quality coal, a claim rejected by the Coal Producers Association.

Fourth quarter results announced by Tesla on Wednesday showed better than expected revenue and profit, sending shares sharply higher in after-hours trading.

A United Kingdom-based firm, Contango Holding Plc has conditionally acquired 70 percent of the Lubu Coal project (Lubu) located in Hwange district in Matabeleland North.