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Fall-guy: Zesa boss suspended over Sona power outage

Power utility Zesa Holdings acting managing director Abel Gurupira has been suspended following a power cut incident while President Emmerson Mnangagwa was delivering the...
Business

Varun Beverages seals landmark Carlsberg deal

Varun Beverages Zimbabwe, the local unit of the Indian beverages firm, has signed a landmark sales and distribution agreement with global beer giant Carlsberg...
Africa

Sanctions on Russia Leave West African Oil Markets in Quiet Anticipation

West African crude oil markets maintained a steady position on Friday, as market participants and observers cautiously evaluated the potential consequences of a new...
Opinion & Analysis

Reviving old factories or starting afresh? Here’s why investors in Zimbabwe are choosing the latter

A famous philosophical fragment by the ancient Greek philosopher Heraclitus, “no man ever steps into the same river twice, for it is not the...
Business

Zimbabwe’s gold exports soar 71% to US$1.93 Billion in 2025

Zimbabwe’s gold exports for the nine months to September 2025 surged 71 percent, according to the latest statistics from the Reserve Bank of Zimbabwe. From...
Business

TotalEnergies lifts force majeure on Mozambique LNG after 4.5-year hiatus

MAPUTO/PARIS – The TotalEnergies-led Mozambique LNG consortium has formally lifted the force majeure declaration on its US$20 billion liquefied natural gas project in northern...
Business

Bakers warn bread price could rise above US$1 as flour costs surge

HARARE – The National Bakers Association of Zimbabwe (NBAZ) has warned that plans to increase the price of bread flour will push the retail...
Business

Dangote expected in Zim for a potential US$1bn deal

NIGERIAN billionaire Mr Aliko Dangote — the richest man in Africa and wealthiest black person in the world — is expected in Zimbabwe soon...
Business

VFEX-listed Kavango CEO steps down

VICTORIA Falls Stock Exchange-listed Kavango Resources chief executive Mr Ben Turney has left the Southern Africa-focused mining company with immediate effect, the company has...
Business

RTG upbeat after key property upgrades

RAINBOW Tourism Group says the recent US$5,2 million refurbishment of its Rainbow Towers Hotel and Harare International Convention Centre has elevated the facilities’ standing...
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