Powerspeed full-year profit up 13pc
Powerspeed Limited recorded a 13,15 percent surge in profit to US$4,3 million for the year to September 30, 2024, reflecting robust performance despite economic challenges during the year under review. … Read More
Author: Admin
Pambili generates US$60k gold sales in Q3
PAMBILI Natural Resources Corporation, a Canada-based natural resources exploration and development company, generated gold sales worth US$60 000 in the third quarter primarily through onsite toll milling operations at its … Read More
Tourist numbers surge
THE number of visitors and diasporans returning to Zimbabwe has surged, with many eager to explore the country’s tourist attractions and contribute to its economic development. Deputy Minister of Tourism … Read More
Mukuru licensed to conduct deposit-taking microfinance business
MUKURU Financial Services Zimbabwe Limited, recently licensed as a deposit-taking microfinance institution (DTMFI), has expressed excitement over the opportunity to expand its mission of promoting financial inclusion in Zimbabwe. The … Read More
US$7,81million worth of trades settled through VFEX depository
THE Securities and Exchange Commission of Zimbabwe (SecZim) has said a total of US$7,8 million worth of trades were settled through depository during the 2024 third quarter. A depository is … Read More
Modi acquires Choppies
RETAIL supermarket Sai Mart will assume control of Choppies Zimbabwe outlets starting January 1, marking a significant transition in Zimbabwe’s retail sector. This development follows Choppies’ announcement of its decision … Read More
Nine months in: Is Dr Mushayavanhu’s ZiG revolution a bold move or risky bet?
In a year marked by economic uncertainty and external shocks, Zimbabwe’s Reserve Bank Governor, Dr John Mushayavanhu, has steered the nation’s monetary policy through a critical period of reform and … Read More
Afreximbank, MIF partner to unlock US$50m for Zim projects
The two entities have signed a Joint Project Preparation Facility (JPPF) Framework Agreement, designed to mobilise crucial preparatory funding for projects across key sectors of the Zimbabwean economy. The agreement … Read More
Cassava secures $90m for African expansion
Cassava Technologies, a leading African ICT platform, has secured a $90 million investment from a partnership between the US International Development Finance Corporation (DFC), Finnfund, and Google LLC. The funding … Read More
Power woes hit OK Zim, fuelling costs
OK Zimbabwe Limited says escalating cost of electricity, along with heavy reliance on backup power systems, significantly influenced overall expenses during the half-year period ending in September 2024. This comes … Read More
