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Demand for answers as shadowy US$16 billion Mutapa Fund delivers ‘zero’ revenue

HARARE - The Mutapa Investment Fund (MIF) is facing intensifying scrutiny from governance experts and political commentators who argue that the fund is failing to deliver on its promise of generating national income, despite controlling state assets reportedly valued at US$16 billion.

Econet says stock price doesn’t reflect reality, plans to escape ZSE’s ‘distortions’

HARARE - Econet Wireless Zimbabwe, the country’s largest telecommunications company, has said that its current valuation of about US$628 million on the Zimbabwe Stock Exchange (ZSE) significantly understates the true worth of its business and infrastructure assets.

Air Tanzania to launch a new Victoria Falls, Dar es Salaam to Cape Town route

VICTORIA FALLS - While Air Zimbabwe dithers in the doldrums, other airlines are taking advantage, the latest being Air Tanzania confirming they will launch a new Victoria Falls, Dar es Salaam to Cape Town route on 11 December 2025.

World Bank hails Zimbabwe’s 6.6% growth, slams business ‘transparency gaps’

HARARE - The World Bank’s latest Zimbabwe Economic Update (ZEU) has applauded the country’s strong economic rebound while simultaneously warning that persistent regulatory bottlenecks, particularly inadequate transparency, risk undermining the gains.

‘New cash withdrawal tax could collapse banking confidence in Zimbabwe’

HARARE - The Government of Zimbabwe’s decision to introduce an intermediated money transfer tax (IMTT) on cash withdrawals has drawn warnings from economists and policy analysts, who say the measure risks undermining already-fragile public confidence in the banking system.

Caledonia approves US$584m gold project in Zimbabwe after positive feasibility study

BULAWAYO - New York Stock Exchange listed Zimbabwean gold mining giant, Caledonia Mining Corporation Plc has formally approved the development of the Bilboes Gold Project in Matabeleland North following the completion of a feasibility study that confirms strong economic prospects for the operation.

OK Zimbabwe cries foul, pleads with Harare City Council to evict informal competitors

HARARE - Zimbabwe Stock Exchange listed retail giant OK Zimbabwe has approached the City of Harare seeking support as the company battles mounting operational and financial pressures that have severely affected its performance, including the issue of illegal traders operating directly in front of their outlets.

Retail giant OK Zimbabwe struggles to sell properties to service US$24 million loans

HARARE - OK Zimbabwe Limited, the country’s largest listed retail supermarket group, is facing mounting pressure to dispose of several key properties in order to service loans amounting to US$24 million, but progress has been slower than expected, delaying the company’s wider turnaround strategy.

Zimplats employee fired over US$20 battles dismissal, claiming denial of legal representation

HARARE - Zimbabwe Platinum Mines (Zimplats) is facing legal proceedings brought by a former employee, Lameck Chingwaru, who is challenging his dismissal from the company in September 2025, citing that he was denied access to legal representation.

OK Zimbabwe reports deep losses amid currency chaos and unverifiable inventory

HARARE - OK Zimbabwe's audited results for the year ended 31 March 2025 show a deepening loss and a sharp fall in revenue, amid a qualified audit opinion arising from currency translation issues and unresolved inventory verification concerns.

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