Major Shake-up at African Sun
DT Correspondent Zimbabwe’s leading hotel asset management company, African Sun has announced the departure of its current Chief Executive Officer Peter Saungweme, who stepped down from his position last Friday, after barely two years at the helm. The Victoria Falls Stock Exchange listed firm has appointed Lawrence (“Laurie”) Ward as the Acting Chief Executive Officer […]
PLZ Achieves Nearly 300,000 Tonnes of Lithium Concentrate Production in 2023
Mining Correspondent Prospect Lithium Zimbabwe (PLZ), the owner of the Arcadia lithium mine in Goromonzi announced that it produced approximately 280,000 tonnes of lithium concentrate in 2023. The company is now planning to double its production for the year 2024 despite facing challenges due to the softening commodity prices affecting its plans. Henry Zhu, the […]
Karo Mining Achieves Over 1 Million Fatality-Free Hours in Platinum Project
DT Correspondent Karo Mining Holdings, a platinum group metals (PGM) producer listed on the Victoria Falls Stock Exchange announced that its mining operations have reached a significant milestone by operating for over 1 million hours without a fatality. The achievement showcases the company’s commitment to prioritising the safety and well-being of its employees. In its […]
Gunda Appointed GB Holdings Acting MD
DT Correspondent HARARE: LISTED rubber and chemicals manufacturer, General Beltings Holdings (GB) has appointed Joseph Gunda as the new acting managing director with effect from January 1, 2024. Gunda replaces Wilbroad Tsuroh, who retired in December 2023, after having served the company sterlingly for two decades. In a notice this Monday, the board chairman Godfrey […]
First Pack Discount Festival Draws Massive Crowd as Customers Enjoy Back-to-School Savings
DT Correspondent Harare: First Pack, a leading provider of stationery, textbooks, sports equipment, and ICT products celebrated the successful conclusion of its discount festival promotion with a grand event on Saturday. The festival, aimed at providing valued customers with back-to-school savings and exciting promotions, attracted a large crowd and featured a range of activities for […]
US$1 Billion Green Cement Plant Planned for Zimbabwe
The project aims to address climate change concerns while meeting the growing demand for cement and building materials in the country and the construction of the plant is expected to be completed within two years.
DON’T PANIC: Mealie-meal Shortage is Artificial -GMAZ
…the mealie-meal supply is expected to return to normal within the next ten days.
Zimra to Operate Special Routes to Fast-Track Grain Clearance
DT Correspondent Zimbabwe’s Industry minister Sithembiso Nyoni says the country’s revenue collector, the Zimbabwe Revenue Authority, was committed to operating special routes to fast-track the clearance of imported maize at the various ports of exit and entry amid the grain shortage. Addressing a media conference in the capital this Tuesday, Nyoni said her ministry had […]
BridgeFort Capital Limited to acquire Diaspora Kapita Proprietary
Digital Telegraph Correspondent Zimbabwe Stock Exchange-listed private equity firm, BridgeFort Capital Limited (BCL) says the company is in the process of concluding transaction agreements for the acquisition of certain predominantly South African based business from Diaspora Kapita Proprietary Limited. In a statement on Thursday, the company said the deal, if successfully concluded, may have a […]
Lennon Quality Hotel Revolutionizes Mutare’s Tourism Sector
…Emerges as the New Epitome of Grandeur and Elegance