Business is war.
Premier African Minerals asked investors to back two measures at a general meeting on Wednesday, October 30, warning that rejection would threaten the company’s survival. The lithium producer operates the Zulu plant in Fort Rixon and requires capital for expenses, debt payments, and equipment while negotiating broader financing. Managing director Graham Hill said the firm…
Stanbic Bank Zimbabwe organized a weeklong trip to China for health sector leaders to explore medical equipment and technology partnerships. The delegation visited Shanghai, Yiwu, Hangzhou, and Tonglu to meet potential suppliers and examine hospital infrastructure solutions. Executives from private hospitals and healthcare facilities toured Chinese manufacturing sites and digital health platforms. Tapuwa Nyika, who…
Zimbabwe attracted more than 1.4 billion dollars in manufacturing investments through 2025 as the sector emerged as the largest contributor to economic output. The industry represented 15.3 percent of gross domestic product in 2024, surpassing mining and agriculture. Finance minister Mthuli Ncube said the expansion drives structural change and import replacement while creating employment as…
South African mining company Tharisa Capital said its platinum group metals venture in Zimbabwe advances despite weak global prices. The firm holds a 70 percent stake in Karo Mining, which is developing the Karo Platinum Project on the Great Dyke. The operation will run for a decade as an open pit before transitioning to underground…
A Zimbabwe mining workers’ union rejected a 160,000-dollar settlement from RioZim Limited to drop corporate rescue proceedings against the diversified resources company. The Zimbabwe Diamond and Allied Minerals Workers Union said the offer failed to address employee welfare and company viability concerns. RioZim proposed the payment through its lawyers on condition the union withdraw all…
Cold Storage Company completed corporate rescue proceedings after implementing recovery measures at the beef producer. The process began in December 2020 and concluded on Oct. 16 with control returning to management and the board. Corporate rescue practitioner Crispen Mwete confirmed substantial implementation of the rescue plan adopted by affected parties in April 2025. The Bulawayo…
Zimbabwe’s Agricultural Marketing Authority announced regulations to improve oversight of farm product production and marketing. The agency will fine contractors $1,000 for failing to use a required digital registration system when signing up farmers. Acting chief executive Jonathan Mukuruba said the platform eliminates unauthorized sales and reduces manual intervention in distribution and commerce. Contractors must…
One of the largest Coca-Cola bottlers will acquire a majority position in another bottler, forming a major beverage operation across Africa. Coca-Cola HBC agreed to purchase 75 percent of Coca-Cola Beverages Africa from Coca-Cola Company and Gutsche Family Investments for approximately 2.6 billion dollars. The deal creates the second-biggest bottling partner by volume for the…
The founder of YourStory said Taj Hotels should establish written guidelines for posture and attire after staff criticized her sitting position at a New Delhi restaurant. Shradha Sharma told reporters she cannot understand objections to her clothing, footwear or cross-legged seated position at the House of Ming establishment. The chief executive said management should specify…
Indian telecommunications minister Jyotiraditya Scindia met with finance minister Nirmala Sitharaman on Thursday to discuss capital spending priorities for three agencies under his oversight. The conversation focused on expanding digital networks, improving connections to remote areas, and updating services at the telecommunications department, the northeastern region development ministry, and the postal service. Scindia said the…
