Financially distressed OK Zimbabwe suspends employee salaries
OK Zimbabwe Limited (OK Zim)’s joint works council has approved the immediate, temporary suspension of employees’ salaries and compensation in an attempt to stabilize and return the financially distressed business back to profitability.
Fifa World Cup: How will that work in Trump’s America?
The most culturally diverse men’s football World Cup in history is taking place in the United States at a time when foreign nationals feel less and less welcome in the country.
Zim targets global energy transition drive: Classifies lithium, uranium, rare earths as strategic minerals
The Zimbabwean government has classified lithium, nickel, cobalt and rare earth elements among several other metals as critical minerals, as the country seeks to maximize economic benefits from the global energy transition drive, which includes the booming electric vehicle (EV) industry.
Zim gold deliveries recover, up 16pct in April
Zimbabwe’s gold deliveries rebounded strongly in April, rising 16.5 percent month-on-month to 3.32 tonnes, according to latest figures from Fidelity Gold Refinery (Fidelity).
Zim platinum output seen holding steady
Zimbabwe’s platinum production is expected to remain broadly stable for the rest of 2026, despite a sharp decline in first-quarter output caused by maintenance work at the country’s largest producer, latest industry projections say.
Malawian billionaire’s legal journey: from a 9-year sentence for corruption to a presidential pardon
Thom Mpinganjira, one of Malawi’s most powerful businessmen and the founder of FDH Bank, has had one of the most dramatic legal journeys in the country’s recent history.
Tobacco sales rake in US$650m as season progresses
Zimbabwe’s tobacco sales have raked in US$650 million, with a total 238,190,736 kg sold at an average US$2.54 per kg.
Padenga bullish on gold miner Dallaglio
Padenga Holdings says it expects its gold mining arm, Dallaglio Investments, to deliver a stronger performance for the rest of 2026, supported by firm gold prices and operational improvements at its Eureka and Pickstone mines.
Iran says no surrender to US, diplomacy ‘wiser’ than war
Iran’s President Masoud Pezeshkian says that “all paths” to a diplomatic solution “remain open from our side”, but warns that “forcing Iran to surrender through coercion is nothing but an illusion”.
Zim holds fuel prices steady
The Zimbabwe Energy Regulatory Authority (Zera) has held fuel prices steady in its latest review, with blended petrol (E20) remaining at US$2.08 per litre and diesel (50) at US$2.09 cents.