Australian junior miner Prospect Resources said it has been granted national project status for its Arcadia Lithium project in Harare by the Zimbabwe government.
Zimbabwe’s largest platinum mine, Zimplats recorded a 0.8 percent decline in output while the second largest Mimosa in Zvishavane recorded a 3.9 percent increase in the first quarter ended 30 September 2017.
Econet Wireless reported a threefold increase in after tax profit to $48.9 million in the six months to August from $14.97 million recorded in the same period last year on increased revenue coupled with a marked decline in finance cost.
Colcom shareholders have accepted Innscor’s offer to acquire minorities shares in Zimbabwe’s largest meat processor in exchange for Innscor shares.
Movement for Democratic Change legislator Eddie Cross says countries in Africa that are under the control of the new elite, the post independence generation, are making huge strides while those under the control of the “veterans of the long march” like Zimbabwe and South Africa are going backwards.