Economy

Economy

economy

Industry owes Harare ZiG4bn as Mafume pleads for payments

Industry owes Harare ZiG4bn as Mafume pleads for payments

Africa-Press - Zimbabwe. ZIMBABWEAN companies are sitting on roughly ZiG4 billion in unpaid municipal bills to Harare City Council, confirming mounting liquidity constraints in...
Unifreight Acquires Local FedEx Express Partner for US$2.08M

Unifreight Acquires Local FedEx Express Partner for US$2.08M

Africa-Press - Zimbabwe. UNIFREIGHT Africa Limited (Unifreight) has entered into a US$2,08 million agreement to acquire an effective 86,67% stake in Cheetah Express Logistics...
Mutapa Reports 503% Surplus After Tax Rise to US$21.67M

Mutapa Reports 503% Surplus After Tax Rise to US$21.67M

Africa-Press - Zimbabwe. THE Mutapa Investment Fund (Mutapa) surplus after tax surged by 503% to US$21,67 million last year, driven by improved income streams...
Zim Courts Global Partners for US$2.5bn Financing

Zim Courts Global Partners for US$2.5bn Financing

Africa-Press - Zimbabwe. HARARE, Apr. 15 (NewsDay Live) – Zimbabwe is in discussions with the UK, Germany, Japan, France, Algeria and other partners to...
Karo Platinum Project on track for 2027 production

Karo Platinum Project on track for 2027 production

Africa-Press - Zimbabwe. PGM miner Karo Mining Holdings has made further progress in de-risking its Karo Platinum Project in Zimbabwe, with open-pit surface clearing...
BATZ secures shareholder backing as profits surge

BATZ secures shareholder backing as profits surge

Africa-Press - Zimbabwe. Tobacco manufacturer British American Tobacco Zimbabwe (BATZ) has secured financial support from its shareholder as profits surged, largely driven by accounting...
Afreximbank picks St Kitts and Nevis for ACTIF2026

Afreximbank picks St Kitts and Nevis for ACTIF2026

Africa-Press - Zimbabwe. The African Export-Import Bank (Afreximbank) has signed a hosting agreement with the Government of Saint Kitts and Nevis for the fifth...
NMBZ outlines capital strategy, eyes share repurchase

NMBZ outlines capital strategy, eyes share repurchase

Africa-Press - Zimbabwe. NMBZ Holdings Limited will seek shareholder approval for a share buyback programme of up to 10% of its issued shares through...
Tongaat seeks lifeline as liquidation battle heads to court

Tongaat seeks lifeline as liquidation battle heads to court

Africa-Press - Zimbabwe. Tongaat Hulett Limited is seeking an extension of its critical post-commencement funding (PCF) facility from the Industrial Development Corporation (IDC), alongside...
Etihad expansion lands Harare on global map

Etihad expansion lands Harare on global map

Africa-Press - Zimbabwe. HARARE, Apr. 17 (NewsDay Live) – Zimbabwe’s re-entry into the global aviation spotlight gathered pace this week after Etihad Airways named...