Zimbabwean billionaire Kudakwashe Tagwirei named economic development minister
Zimbabwean President Emmerson Mnangagwa has appointed Kudakwashe Tagwirei, the businessman who has become one of his closest allies, as minister of economic development and investment promotion, giving the fuel and mining tycoon a seat in the cabinet.
Zimbabwe State miner secures $100m for platinum project
Zimbabwe’s State-owned Mutapa Platinum Group has secured $100-million to develop its Darwendale project.
Axia takes full control of Transerv
Axia Corporation has taken full control of automotive spares retailer Transerv after buying out the company’s minority shareholders in a US$1,08 million share-based deal.
Tongaat’s Zimbabwe operations gain stability
Tongaat Hulett says its Zimbabwean operations – Hippo Valley Estates and Triangle Limited – have entered a more stable phase, although flooding in Mozambique and increased sugar imports continue to hamper the group’s recovery across the region.
Zimbabwe turns to India’s payments giant to cut transfer costs and speed up digital transactions
Zimbabwe is negotiating with India’s international payments operator to reduce transaction costs and accelerate transfers, potentially bringing Indian technology into the infrastructure connecting its banks and digital-finance businesses.
ZSE’s Bgoni appointed VP of African Securities Exchanges Association
ZSE Holdings group chief executive Justin Bgoni has been appointed vice president of the African Securities Exchanges Association (ASEA).
Tsingshan’s Zimbabwe steel unit partners with state rail firm to boost haulage capacity
The Zimbabwean steelmaking unit of Chinese metals giant Tsingshan Holding Group on Monday signed a partnership deal with the National Railways of Zimbabwe (NRZ) to expand capacity for coal and steel haulage, the state logistics company announced.
RioZim focuses on mine expansion, debt restructuring
RioZim is turning its attention to rebuilding production capacity and restructuring its balance sheet after restoring operations at its key mines during the first half of 2026.
Econet InfraCo posts US$70m revenue, to launch flagship property projects in Q4
Econet Wireless Zimbabwe’s spin-off, Econet InfraCo, posted US$70 million in revenue for the half-year ended 31 August 2026, with the infrastructure company targeting to expand its base station network and launch key property projects in the fourth quarter.
Zimbabwe to cancel import duty on food as cushion from El Nino
Zimbabwe plans to cancel duty on food imports to help cushion prices from the impact of potential crop shortages caused by the El Nino weather pattern, said Finance Minister Mthuli Ncube.