HARARE – Zimbabwe’s state-owned Mutapa Gold Resources reported a 57 percent increase in quarterly after-tax profit to US$45 million, benefiting from higher gold prices and improved ore grades as the mining group accelerates a US$240 million e...

Russian President Vladimir Putin will host dozens of African leaders in Moscow as the Kremlin seeks to deepen ties with a continent that has taken on greater strategic importance for Russia since its 2022 full-scale invasion of Ukraine. Delegations f...

LONDON – Real Madrid’s growing diplomatic and commercial difficulties in China have spilt into Spanish football’s fierce rivalry with Barcelona, after remarks attributed to club president Joan Laporta circulated online suggesting the Ca...

LONDON, England – Bayern Munich striker Harry Kane won the men’s Ballon d’Or for the first time on Monday, ending England’s 25-year wait for the award. Real Madrid and France forward Kylian Mbappe was second and Lamine Yamal of Barcelona and ...

Zimbabwe’s long struggle with sovereign debt has exposed a fundamental weakness in the international financial system: creditors devote considerable resources to assessing whether governments can repay their obligations, yet comparatively littl...

HARARE – Zimbabwe’s Parliament has called for greater scrutiny of government expenditure and measurable returns on public investment, with Speaker of Parliament Jacob Mudenda warning that the 2027 National Budget must move beyond ambitious po...

HARARE – Zimbabwe is targeting economic growth of 3.5 percent in 2027 while maintaining its budget deficit below 3 percent of gross domestic product, as Finance Minister Mthuli Ncube seeks to consolidate macroeconomic stability and accelerate inves...

HARARE – Zimbabwe’s central bank has ruled out compulsory conversion of foreign currency deposits and existing contracts into the domestic currency, signalling that the country’s transition towards a single-currency economy will be grad...

JOHANNESBURG – Old Mutual Limited, one of Africa’s largest financial services groups, has acquired approximately US$4.4 million worth of its own shares through two employee trusts, reinforcing its employee ownership and long-term incentive ar...

HARARE – Zimbabwean equities retreated across both stock exchanges on Wednesday, wiping approximately US$156 million from the Victoria Falls Stock Exchange (VFEX) market capitalisation, while a sharp decline in CBZ Holdings dragged the Zimbabwe Sto...