London-listed Kavango Resources plc has announced that the seller of its proposed Nara Gold Project acquisition in Zimbabwe has defaulted on agreed completion terms, prompting the company to pursue legal remedies while continuing with its local gold expansion plans.
HARARE - The High Court of Zimbabwe has dismissed a bid by Fidelity Life Assurance Zimbabwe Limited to recover US$21,840 in legal fees incurred while defending a recusal application in a US$30 million arbitration dispute with CFI Holdings Limited, ruling that the use of two advocates in the interlocutory matter was excessive.
Zimbabwean billionaire and telecom pioneer Strive Masiyiwa has vividly recounted how a rejected 1993 proposal to the state-owned Posts and Telecommunications Corporation (PTC) sparked a historic legal battle that ultimately dismantled Zimbabwe’s telecommunications monopoly.
HARARE - The Reserve Bank of Zimbabwe (RBZ) has abandoned its fixed 2030 deadline for ending the multi-currency system, shifting its focus instead to achieving key economic conditions, while also preparing to roll out new ZiG banknotes aimed at improving transaction efficiency and strengthening the local currency.
HARARE - OK Zimbabwe Limited has entered corporate rescue after its US$30.5 million recapitalisation plan failed to close a critical funding gap, leaving the...
HARARE - One of the Lock brothers, Benjamin is excited with developments at The Hills Luxury Golf Estate to the extent he has committed to bringing his tennis and golf friends to Harare to experience the city’s developing golf estate.
HARARE - The Zimbabwean government has been called upon to issue an urgent ministerial statement clarifying the implications of the financial crisis at South African sugar producer Tongaat Hulett Limited, amid growing concern over the potential impact on thousands of livelihoods in the Lowveld.
JOHANNESBURG - Vision Group has moved to reassure stakeholders in Zimbabwe, Mozambique and Botswana following the provisional liquidation filing of Tongaat Hulett Limited in South Africa.
Tongaat Hulett Limited, the South African parent company of Zimbabwe’s sugar producer Tongaat Hulett Zimbabwe, has applied for provisional liquidation after its business rescue plan collapsed, a move that raises fresh uncertainty over the future of the regional sugar group.
HARARE - The collapse of a proposed investment deal between Australian gas explorer Invictus Energy and Qatari-linked Al Mansour Holdings has exposed serious gaps in how multi-billion-dollar investment pledges to African governments are vetted, verified and enforced, Nehanda Radio can reveal.
