Daily Newsletter

Karo Mining Holdings inches towards securing $226 million

Nqobile Bhebhe, nqobile.bhebhe@chronicle.co.zwKARO Mining Holdings is in the advanced stages of securing US$226 million in debt funding to finalise the construction of its ambitious mining project in Zimbabwe.Additionally, the company…

Sabi Star power plant nears completion

Oliver Kazunga, Harare BureauThe construction of a 15-megawatt (MW) thermal power station by Sabi Star Lithium Mine is nearing completion, with commissioning expected during this quarter, a senior official has…

Zimbabwe receives bids for electricity storage facilities

Tapiwanashe Mangwiro,Harare BureauSeveral international firms have submitted bids to construct three large-scale power facilities to store electricity generated during periods of low demand and then release it back into the…

Fast food prices remain stable

Nokuthaba Brita Ncube, ncubenokuthababrita@gmail.com FAST food prices have remained remarkably stable despite the introduction of a new fast food tax, aimed at addressing rising concerns related to non-communicable diseases (NCDs).…

Diaspora remittances surge by 16,5pc

Sikhulekelani Moyo, mskhulekelani16@gmail.com  GOVERNMENT’S ongoing engagement with Zimbabweans in the diaspora is paying dividends, with remittances from abroad increasing by an impressive 16,5 percent in the first nine months of 2024…

Zim posts record gold production

Michael Tome Business Reporter The country’s gold production reached a record 36,48 tonnes in 2024, a 21 percent surge from 30,1 tonnes recorded in 2023, according to Fidelity Gold Refineries,…

Fuel prices to remain largely unchanged in January: ZERA

Tapiwanashe Mangwiro Senior Business Reporter The Zimbabwe Energy Regulatory Authority (ZERA) has said fuel prices for January 2025 will remain largely unchanged for petrol while cost of diesel was slashed…

Simbisa Brands to expand footprint at home, region

Business Reporter Simbisa Brands says it has planned 31 additional store openings in its current year, primarily in Zimbabwe, as the group seeks to enhance customer experience. According to the…

ArcelorMittal to close SA site

Johannesburg-listed subsidiary of Lakshmi Mittal’s multinational group said steel production will likely cease by the end of the month. That could potentially affect about 3 500 jobs, though the final…

China’s top diplomat heads to Africa

BEIJING. — China’s top diplomat began his annual New Year tour of Africa on Sunday, maintaining a 35-year-long tradition, to quietly advance Beijing’s already sizeable influence across the resource-rich continent…

Translate »