May 17, 2022
INVICTUS Energy, which is exploring for oil and gas in Muzarabani, recently received firm commitments from investors to raise US$10,48 million (A$8 million), which the firm requires to fund pre-drilling operations. The oil and gas exploration junior said the resources will be raised through a share placement to…
BUSINESS is getting more upbeat on the back of the country’s stabilising economy, this year’s good agricultural season and the fact that Covid-19 finally looks like it’s under control. (more…)
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PREMIER African Mining (PAM) has had a frustrating year with its investments in Zimbabwe because of bureaucratic red-tape and it is now looking to invest elsewhere. (more…)
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ZIMBABWE focused gold miner Caledonia Mining Corporation (Caledonia) says it has appointed French based firm, Voltalia, to build its 12-megawatt solar power plant at the Blanket mine. (more…)
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ECONET Wireless Zimbabwe Limited fended off stiff competition from a strong field of blue-chip companies to win the coveted Top Companies Survey Award. According to the judges of the annual survey of Zimbabwe Stock Exchange-listed companies, conducted by The Financial Gazette and Old Mutual, the top accolade is awarded to…
THE future of tobacco farming, the country’s top foreign currency earning crop, is under threat due to policy flip flops by President Emmerson Mnangagwa’s administration, experts in the industry said this week. (more…)
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AIM-listed gold miner, Caledonia Mining says progress on the Blanket mine central shaft has slowed down due to the Covid-19 pandemic which restricted movement of the contractor to the site. (more…)
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THE US$3,5 billion compensation agreement that the government recently struck with white former commercial farmers is unaffordable and not urgent, analysts say. (more…)
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FINANCE minister, Mthuli Ncube says the US$3,5 billion compensation deal signed recently will not cover farms under bilateral investment promotion and protection agreements (Bippas), which were expropriated during the land reform programme. (more…)
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NEW York Stock Exchange-listed Caledonia Mining (Caledonia) is planning to sell up to US$13 million worth of shares to invest in solar power for its gold mine project in Zimbabwe. (more…)
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