Top Tweets for #ZimIndependent
ZSE Holdings has launched the SME-focused Zimbabwe Entrepreneurship Exchange (ZEEX) with US$50 million in initial capital committed by major institutional investors, including CBZ, SMEDCO, and National Venture Fund. #zimindependent
The Bankers Association of Zimbabwe (BAZ) revealed in a pre-budget submission that a five-year tax dispute with Zimra cost banks over US$23 million, curbing potential lending capacity by US$13.22 million. #zimindependent
PPC, the country’s biggest cement producer, has signed an agreement with Sinoma Overseas, one of the world’s largest cement engineering contractors, which could see the two build a new cement plant in Zimbabwe to meet rising demand. #zimindependent
Jena Mines will require more than US$100 mln in phased capital investment to fund a major expansion aimed at lifting gold output beyond 200 kilogrammes per month, general manager Alfred Matowe said. #zimindependent
Padenga has urged the government to halve the 10% gold royalty applied when prices exceed US$5,000 per ounce warning that the higher levy is stifling growth.#ZimIndependent
Masimba Holdings said it is negotiating payment plans with key clients as tightening liquidity on the domestic market weighs on project execution and cashflows.#ZimIndependent
OK Zimbabwe has increasingly relied on supplier-finance schemes, where third-party financiers pay suppliers on its behalf when the company cannot meet payment deadlines, as a temporary measure to keep shelves stocked amid severe financial challenges. #zimindependent
Delta is on track to surpass US$1bn in revenue by 2026 financial year. #ZimIndependent
The Mutapa Investment Fund is targeting to raise more than US$1bn to support the implementation the NDS2. #ZimIndependent
Unifreight Africa Limited has announced plans to invest over US$6.5 million in 2026 to expand its fleet by 40%, in response to the rising demand for logistics services during Zimbabwe’s upcoming tobacco marketing season. #zimindependent
Khayah shareholders voted for the adoption of the corporate rescue plan. #ZimIndependent
TSL Limited is nearing completion of a US$25m acquisition of a controlling stake in Nampak Zimbabwe, with only shareholder and regulatory approvals still outstanding before the landmark deal is sealed. #zimindependent
OK Zimbabwe had a US$12.3 mln blackhole on its books as at January 31, 2025, a leaked statement from the company shows. #zimindependent
VFEX listed Caledonia Mining Corporation has announced promising results from its recent exploration programme at the Motapa Project, indicating a high likelihood of substantial gold deposits. #zimindependent
Old Mutual Zimbabwe (OMZ) has allocated a significant portion of its US$40 million capital expenditure for the year to support small and medium enterprises (SMEs) as well as renewable energy projects. #zimindependent
Edgars Stores Limited, a clothing manufacturer and retailer, has invested US$1 million in retooling the Carousel Manufacturing plant in Bulawayo to enhance productivity and operational efficiency. #zimindependent
Output from Zimbabwe’s tobacco farms is seen falling nearly 10% to 265 million kilogrammes this season, from 294 million kilogrammes previously, official data showed this week, showing the effects of an El Niño induced drought. #zimindependent
Property developer Westprop Holdings Limited has, since listing on the Victoria Falls stock Exchange raised approximately US$5m. #zimindependent
Bindura nickel Corporation (BNC), says it has invested about uS$36 million in capital projects at Trojan Mine over the past three years. #zimindependent
One of the biggest Law firms Manase & Manase has become the subject of a Law Society of Zimbabwe investigation after legal counsels Delta Beverages, raised issues over an outrageous bill submitted by the solicitors following an international dispute.#Zimindependent
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