Business Writer THE Zimbabwe Environmental Law Association (ZELA) has called on Artisanal and Small Scale Miners (ASM) to prioritise e formalisation of their operations to ensure responsible extraction of the country’s mineral wealth. Speaking at an ongoing training academy for artisanal and small-scale miners in the Lithium value chain on Tuesday, ZELA legal officer, Mr […] …
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Monthly Archives: April 2024
BAT hit by resignations, make appointments
Business Writer TWO senior British American Tobacco Zimbabwe (Holdings) Limited officials – the managing director and finance director- resigned on the same day in late March. Former managing director, Mr Kimesh Naidoo had been in the role since June 2023 resigned on March 25. Mr Wilson Chitsonga who was finance director also left the firm […] …
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Investment firms hail efforts to drive ZiG demand
Tapiwanashe Mangwiro Senior Business Reporter Asset management and stock trading firms have applauded the move to bolster demand for the new currency, Zimbabwe Gold (ZiG), saying the policy measures present a good starting point for the currency’s wider use. In their 2024 monetary statement policy analyses FBC Securities and Zimnat said Reserve Bank of Zimbabwe […]
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NBS committed to affordable housing
Michael Tome Business Reporter NATIONAL Building Society (NBS) says it remains committed to the provision of affordable housing to the majority of home-seekers through various mortgage and micro-mortgage products. Last year NBS delivered 200 housing units in Harare’s Tynwald suburb, after churning 600 units through its Dzivarasekwa project in 2022. The building society said the […]
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Blanket Mine posts 6pc jump in gold production
Total gold production at Caledonia’s Blanket Mine in Gwanda reached 17 050 ounces during the quarter to March 31, 2023, which was 6 percent ahead of the same period in 2023. (File Picture) Enacy Mapakame Victoria Falls Stock Exchange (VFEX) listed resources group Caledonia Mining Corporation said gold production at its Gwanda-based gold mining operation, […]
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Robbers reign of terror ends
Peter Matika, peter.matika@chronicle.co.zw TWO men who are believed to be part of a syndicate that unleashed a reign of terror in Bulawayo have been arrested. The suspects are linked to a hijacking incident that occurred in Shurugwi and a smash-and-grab case that happened in Bulawayo last Saturday. Police said the duo was part of a four-man […]
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CID director Murenje buried in Concession
The CID Law and Order director Assistant Commissioner Jeremiah Murenje Crime Reporter Liberation war hero and CID Law and Order director Assistant Commissioner Jeremiah Murenje, who died over the weekend after a road traffic accident, was buried yesterday. The accident occurred on Saturday along Harare-Denda Road. Asst Comm Murenje, who was also a war […]
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President to commission Kamativi Mine
Leonard Ncube, leonard.ncube@chronicle.co.zw As Zimbabwe showcases strength in lithium reserves, the largest in Africa, attention is drawn to Kamativi in Hwange District, Matabeleland North Province, where President Mnangagwa is tomorrow expected to commission a new lithium mining investment project undertaken by Kamativi Mining Company (KMC). Zimbabwe is estimated to have the highest number of lithium projects […] …
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All systems go: Banks, service providers successfully configure systems, processes to ZiG
Nqobile Bhebhe, nqobile.bhebhe@chronicle.co.zw OVER 90 percent of banking institutions and mobile bank service providers have successfully configured their systems and processes in line with the new monetary policy guidelines, paving the way for smooth public transactions using the newly introduced Zimbabwe Gold (Zig) currency. Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mushayavanhu, said this yesterday […] …
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RBZ pleads for Zimbabwe dollar acceptance as informal traders insist on US dollar
‘Business entities including commuter omnibuses, shops, fresh vegetable markets, and vendors, are advised to continue accepting payment in ZW$ notes until April 30, 2024’
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