ACCOUNTING professionals have been urged to be innovative and embrace technological transformation in order to remain relevant and enhance their economic management skills. This was said at the Institute of Chartered Accountants of Zimbabwe (ICAZ) 2024 Winter School in Victoria Falls that ended at the weekend. Chartered accountants play a crucial role in safeguarding the…
CHINESE nationals are flocking to Zimbabwe due to the country’s mining sector growth, a cabinet minister has said. Speaking in the National Assembly last week, Home Affairs minister Kazembe Kazembe said the country is now a host of over 25 000 Chinese nationals post Covid-19. “Given the government’s thrust in attracting investment, the President’s (Emmerson…
KUVIMBA Mining House (Kuvimba) has rolled out a gold traceability system that enhances transparency throughout the group’s mineral value chain with the expectation that it will open up new markets that require strict traceability. The system was designed and developed by United Kingdom-based firm CommStack which facilitates emerging markets to achieve global trade compliance across…
FREDA Rebecca Gold Mine (Freda), says it spent about US$100 000 on repair costs for its Mill Number 2, which was down for almost two weeks, but is now up and running. Freda, a subsidiary of stateowned mining entity Kuvimba Mining House (KMH), is located 90 kilometres northeast of Harare, houses three mills. The company’s…
THE Parliamentary Portfolio Committee on Transport says there is an urgent need to modernise the National Railways of Zimbabwe (NRZ) in order to fully achieve recapitalisation. This, the committee said, can only be achieved if the NRZ invests in Public Private Partnerships (PPPs). Speaking to the Daily News on the side-lines of a tour of the rail…
IN A significant move to enhance gold deliveries to Fidelity Gold Refineries, the Zimbabwe Miners Federation (ZMF) has aligned its operations with international standards for responsible mining. According to ZMF president Henrietta Rushwaya, the organisation has heeded both governmental and international calls to prioritise responsible mining practices, which emphasise human rights, safety, and environmental preservation.“As…
A ZIMBABWE Revenue Authority (Zimra) employee Tawanda Mupingo, 46, appeared in court yesterday for allegedly facilitating the illegal exportation of 39 truckloads of chrome concentrate to South Africa. The chrome concentrate is reported to be owned by the Minerals Marketing Authority of Zimbabwe (MMCZ). Mupingo appeared before Harare magistrate Dennis Mangosi facing criminal abuse of…
NMB Bank Zimbabwe Limited has secured a US$10 million loan from British International Investment (BII), the United Kingdom’s development finance institution and impact investor, to support agricultural exporters and sustainable farming practices in the country. The facility positions NMB Bank as one of the prime supporters of the agriculture sector’s sustainability efforts. This is the…
ZIMBABWE’S oldest coal producer, Hwange Colliery Company Limited (HCCL), has ventured into various business projects as they seek to diversify their portfolio. This comes after the coal mining company spread its wings to incorporate agriculture, energy, financial, medical and property portfolios, among others. The company’s acting managing director, William Gambiza, told the Daily News that…
PLATINUM producer Tharisa says the Karo Platinum project is progressing well, with construction aligned with capital availability. The JSE-listed miner is developing the Karo Platinum project, a low-cost, open-pit platinum group metals asset located on the Great Dyke in Zimbabwe.Tharisa anticipates Karo to produce 150 000 ounces of platinum group metals (PGMs) in concentrate, per…
