News

FRESH details on the controversial US$1.3 billion new pipeline project, whose implementation is being spearheaded by President Emmerson Mnangagwa’s political and business cronies, have emerged showing that upon completion the deal’s cost would have escalated to US$4 billion. The cost of the project, being driven by Mnangagwa’s new associate Eddie Cross and others, has quickened […]

Government has issued a stern warning to delinquent fuel companies that are abusing foreign currency they obtain from the Reserve Bank of Zimbabwe (RBZ) through the auction system. The oil firms stand accused of obtaining cheap foreign currency from the RBZ’s weekly auction system for fuel procurement and importation before they illegally sell the product […]

Fresh from acquiring a Zimbabwean electric vehicle car dealership, Agilitee Africa, has expanded its wings to the west African nation of Nigeria. The company recently opened its West African operation in Nigeria, which will serve as the headquarters for the region. “The West Africa Headquarters in Lagos will serve the entire Economic Community of West African […]

The copper price climbed for the fourth day as China’s success in containing a sprawling covid-19 outbreak shored up confidence in the demand outlook. Indicators in the physical market suggest the country’s appetite for copper is picking up rapidly. Copper for delivery in September rose 1% from Tuesday’s settlement price, touching $4.3025 per pound (9,465 per tonne) […]

CALEDONIA Mining Corporation has placed on ice exploration at Glen Hume, the Midlands-based goldfields, after results failed to live up to the resources giant’s expectations, the firm said this week. Glen Hume, which is located near Gweru, was the latest of several assets being eyed by the Jersey-headquartered resources outfit, whose flagship operation is the […]