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Zimbabwe to get first dollar-listed REIT as property heats up
Zimbabwe is set to get its first dollar-denominated real estate investment trust listing on Friday, as demand for property stocks grows.Eagle REIT is seeking to raise $62 million from the list...Published: 15 May 2025 at 09:58hrs | 776 | by Staff reporter
Affordable apartment options in Dubai for Zimbabwean Investors
The Dubai real estate market offers a great chance for Zimbabwean investors looking for reasonably priced apartment choices since it continues to grow and thrive. The most recent figures from Bayut's ...Published: 28 Sep 2024 at 20:02hrs | 484 | by Staff Reporter
Zimbabwe's dollar-only bourse poised for further growth
The value of stocks on Zimbabwe's dollar-only bourse has jumped by 85% since the start of the year to more than $1 billion, its CEO told Reuters on Tuesday, adding he anticipated continued growth....Published: 10 May 2023 at 19:23hrs | 1 | by Staff reporter
Zimbabwe needs 450 megawatts of imports to fill energy gap: Magombo
GOVERNMENT says the country requires energy imports of between 200 megawatts (MW) and 450MW daily from regional utilities to meet its power deficit.Zimbabwe has been reeling under rolling powe...Published: 08 Nov 2022 at 05:09hrs | 1 | by Staff reporter
Zimbabweans clinch US$113 million property deal in Namibia
ZIMBABWEAN investors, including pension funds, are working on plans to take over a US$113 million (N$1,8 billion) property, The Grove Mall of Namibia, in Windhoek.The deal, which is at an adva...Published: 18 Jun 2022 at 07:27hrs | 3 | by Staff reporter
Gwanda mine raises US$8 million from Victoria Falls bourse
WITH only six months after officially listing on the Victoria Falls Stock Exchange (VFEX), Jersey domiciled gold producer, Caledonia Mining Corporation, which operates Blanket Mine in Gwanda, says the...Published: 09 Jun 2022 at 06:37hrs | 14 | by Staff reporter
Zimbabwe's US$3bn platinum deal all but collapses in a shambles
IT was noisily touted as a game changer for Zimbabwe's mining sector, and the economy; a centrepiece of government's ambitious yet unrealistic US$12 billion target for the industry by next year and ca...Published: 31 May 2022 at 07:38hrs | 18 | by Staff reporter
Zimbabwe, China exchange notes
Reforms being undertaken by Zimbabwe are aimed at increasing national economic competitiveness, productivity, foreign direct investment inflows, technology transfers and acquaintance with Chinese busi...Published: 07 Sep 2021 at 06:07hrs | 2 | by Staff reporter
Impala approached over stake in giant Zimbabwe platinum project
The owners of a Russian-backed project to build Zimbabwe's biggest platinum mine have held talks to sell a stake of at least 20% to Impala Platinum Holdings, according to people familiar with the matt...Published: 07 Oct 2020 at 19:27hrs | 9 | by Staff reporter
Russian plan to dig biggest Zimbabwe platinum mine advances
A project that aims to develop Zimbabwe's biggest platinum mine has cleared a significant hurdle, with the African Export-Import Bank completing a due diligence study allowing it to proceed with a $50...Published: 26 Sep 2020 at 19:04hrs | | by Staff reporter
Mystery surrounds Mnangagwa meeting with sheik
MyStery surrounds the recent visit to Zimbabwe by a top United Arab emirates (UAE) official, Sheik Fayez Muhamad Salem Sultan Al Qassimi, who arrived in Harare last Sunday to reportedly discuss invest...Published: 20 Sep 2020 at 07:58hrs | 8 | by Staff reporter
Zimbabwe army offloads stake in $4bn project
Zimbabwe's military has disposed of its stake in a $4 billion platinum joint venture with Russian investors, President Emmerson Mnangagwa, has said.Mnangagwa revealed this in an interview with...Published: 23 Jun 2019 at 21:16hrs | 2 | by Staff reporter
Zimbabwe military stake stymies $4bn platinum project
A plan to build Zimbabwe's biggest platinum mine at a cost of about $4 billion is floundering because a military stake in the project has deterred potential backers, according to people familiar with ...Published: 15 May 2019 at 15:05hrs | 2 | by Bloomberg
Joram Gumbo Zimbabwe's poster boy of sleaze
As ZANU-PF's long-serving chief whip, Joram Gumbo came across as a tidy, backroom operator, quietly but efficiently pulling the strings for his party in Parliament. But his scrapbook in government sin...Published: 27 Oct 2018 at 08:45hrs | 1 | by newZWire
Zimbabwe Airways back on track
The project to establish a new airline, Zimbabwe Airways, whose relationship with AirZim is opaque, is moving towards finality amid revelations that documentation is now in the final stage and should ...Published: 28 Mar 2018 at 12:28hrs | 1 | by Staff reporter
Mnangagwa ally abandons Zimbabwe Airways project
TRANSPORT minister Jorum Gumbo has shifted his focus away from the controversial Zimbabwe Airways project linked to former president Robert Mugabe's son-in-law Simba Chikore to reviving struggling fla...Published: 03 Mar 2018 at 17:19hrs | | by Staff reporter
Laughter as Obert Mpofu says govt won't tolerate graft
Home Affairs minister Obert Mpofu has said the new dispensation has zero tolerance for corruption, amid calls for him to quit over an allegation that he demanded a bribe of $10 million for a licence t...Published: 27 Feb 2018 at 05:58hrs | 3 | by Staff reporter
Mugabe son-in-law's airline project flies into eye of storm
FORMER president Robert Mugabe's son-in-law Simba Chikore's plan to establish a private airline on the ashes of struggling flag carrier Air Zimbabwe is likely to suffer a stillbirth after the new gove...Published: 15 Dec 2017 at 10:53hrs | | by Staff reporter
Mugabe son-in-law in conflict of interest storm
THE project to establish a new airline, Zimbabwe Airways, whose relationship with flag carrier Air Zimbabwe (AirZim) is opaque, is moving towards finality amid revelations Transport minister Joram Gum...Published: 03 Nov 2017 at 12:37hrs | 1 | by Staff reporter
Mnangagwa to lead business delegation to South Africa
A high powered Zimbabwean business delegation will travel to South Africa next week for crucial meetings with Zimbabwean investors based in that country as the government continues to enga...Published: 13 Jun 2017 at 22:17hrs | | by Staff Reporter
Unity Accord: A continuation of Zimbabwe's aspirations
THE observation of the December 22, 1987 Unity Accord is a continuation of Zimbabwe's national aspiration to remain a united people. It is a universally recognised fact that unity breeds harmony, peac...Published: 22 Dec 2015 at 08:54hrs | | by Saul Gwakuba Ndlovu
$4 billion Zimbabwe - Russia 'mega deal' in limbo
The much-touted US$4billion platinum deal signed by Zimbabwe and Russia in September last year amid a blaze of publicity, which the authorities said would significantly boost production and create tho...Published: 16 Jan 2015 at 07:21hrs | | by Staff reporter
TEARS of joy as residents win stands, cement in PPC draw
TWO lucky Bulawayo residents yesterday won residential stands worth $4,800 each in Emganwini suburb at the conclusion of the Pretoria Portland Cement (PPC)'s Yakhani/Vaka promotion grand draw....Published: 25 Nov 2014 at 03:52hrs | | by Business Reporter
Telecel expanding banking services via mobile phones
TELECEL Zimbabwe Ltd, a unit of Orascom Telecom Holdings Ltd, sees an opportunity expanding banking services via mobile phones as it seeks to generate higher revenue per user, general manager Angeline...Published: 07 Jun 2013 at 03:20hrs | | by Bloomberg
Tsvangirai to reverse Mugabe's controversial indigenisation drive
PRIME Minister Morgan Tsvangirai wrapped up his party's post-election plan meeting Sunday vowing to overturn President Robert Mugabe's indigenisation drive if he wins upcoming general elections....Published: 20 May 2013 at 03:23hrs | | by Agencies
Gono now backs indigenisation laws
Zimbabwe's central bank chief who has previously warned government against the seizure of foreign banks on Thursday appeared to make an about-turn, but cautioned the process must be orderly."...Published: 01 Feb 2013 at 06:58hrs | | by Sapa-AFP
Kasukuwere 'sick and tired' of Implats' delaying tactics
Harare - A Zimbabwean minister launched a verbal attack on Impala Platinum CEO David Brown, saying on Wednesday he was "sick and tired" of the mining group's failure to comply with local black ownersh...Published: 29 Feb 2012 at 10:59hrs | | by Reuters
FMB in consortium to buy Zimbabwe bank
Malawi's FMB Bank is in a consortium of foreign banks to acquire 93 percent stake in Zimbabwe's Genesis Investment Bank as interest in that country's financial institutions rise with growth prospects...Published: 06 May 2011 at 13:18hrs | | by Moyo Roy
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