Business is war.
Zimbabwe plans to harvest 189,000 tonnes of cotton in the 2025/26 growing season after production fell to just 28,700 tonnes last year. The government will support farmers across 270,000 hectares through its Pfumvudza program and private financing to reverse the sharp decline. Officials commemorate World Cotton Day on Thursday in Harare under the theme Cotton:…
Pacific Goal Investments Private Limited will acquire a majority stake in Muchesu Mine’s coal operations in Binga following modifications to its original business arrangement. The Zimbabwe-focused investment firm will take a 51 percent ownership position through revised legal documents submitted to the central bank for approval. Wencai Huo and Liu Jun each hold equal shares…
Zimbabwe’s Green Building Council urged lawmakers to address construction sector emissions in pending climate legislation as Parliament began gathering public input. The organization noted that structures account for roughly 40 percent of carbon emissions but remain absent from the Climate Change Management Bill, despite their significant environmental impact. Chairman Mike Eric Juru criticized the oversight…
Jurie Strydom chose Zimbabwe as his first destination after becoming Old Mutual Group chief executive officer in June, signaling the financial services company’s strong interest in the nation. Strydom replaced Iain Williamson, who retired early and left his position on August 31. The new leader holds an MBA from Massachusetts Institute of Technology and joined…
Zimbabwean farmers must follow proper chemical application protocols to protect consumer health, agricultural officials warn. CropLife Zimbabwe is partnering with government extension officers to train farmers in safe pesticide handling following widespread misuse documented across the country. Many farmers apply unregistered products or exceed recommended dosages, creating dangerous levels of residue on harvested crops that…
The United States government shutdown has entered its 22nd day, making it the second-longest such event in American history. The impasse between Republicans and Democrats centers on health care subsidies set to expire, with no resolution in sight as President Donald Trump prepares for an overseas visit to Asia. Lawmakers and congressional staff members believe…
South Africa abandoned electric vehicle development when the Industrial Development Corporation blocked foreign investment for the Joule project. Gerhard Swart, a founder of Optimal Energy, said French banks withdrew funding offers after the 2008 financial crisis struck. The corporation prevented the company from securing external capital, despite the completion of an advanced prototype and strong…
Bikita Minerals invested 22 million dollars to expand electricity access for operations and nearby communities in Zimbabwe’s Bikita district. The lithium producer, owned by China’s Sinomine Group, allocated 20 million dollars for a 132-kilovolt transmission line spanning 112 kilometers from Mashava, while directing 2 million dollars toward rural electrification in Bikita, Gutu, and Zaka. Company…
Kavango Resources confirmed a gold deposit at its Nightshift Prospect within the Hillside Gold Project in Filabusi. The discovery supports national production targets of 40 tonnes this year for the single largest export commodity. A mineral resource estimate shows 19,000 ounces at 0.86 grams per tonne at the site located 800 meters from the Bill’s…
Consumer goods prices should stabilize further next year as manufacturers benefit from steady exchange rates, stronger harvests, and renewable energy adoption. Research firm Morgan & Company said the April 2025 currency market liberalization reduced the use of advance pricing arrangements that producers had used to offset expected exchange rate changes. Formal manufacturer prices moved closer…
