Business

Zimbabwean business fears government will interfere with the exchange rate

By Tawanda Karombo I Business Report Zimbabwean businesses fear that President Emmerson Mnangagwa’s administration, which is blaming foreign companies of
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Impala Platinum’s Zimbabwe unit eyes expansion into lithium

By Bloomberg News Impala Platinum Holding Ltd.’s Zimbabwe unit is considering expanding into other metals, including lithium. The Johannesburg-based platinum
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Mnangagwa orders RBZ to stop foreign currency borrowing

By Reuters HARARE: Zimbabwe’s President Emmerson Mnangagwa has ordered the central bank to stop foreign currency borrowing, as the government
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Galileo Resources starts drilling at Kamativi in Zimbabwe

By Philip Whiterow Galileo Resources PLC (AIM:GLR) said it has started a drill programme at the Kamativi target in Zimbabwe following
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Vodafone, Three to merge UK mobile phone operations to capitalize on 5G rollout

By Associated Press LONDON (AP) — Two of the U.K.’s four mobile phone operators agreed Wednesday to merge their businesses
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Toyota shareholders reject proposal demanding better performance on climate change

By Associated Press TOYOTA, Japan (AP) — Toyota executives fielded challenges and reaped praise from investors at an annual general
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Germany economy shrinks in first quarter, signalling one definition of recession

By Associated Press BERLIN: The German economy shrank unexpectedly in the first three months of this year, marking the second
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Europe sees inflation drop to 6.1%, but real relief for consumers will take months

By Associated Press FRANKFURT: Europe’s inflation took a positive turn with a significant drop to 6.1%, but prices are still
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ZESA aims to double power output by 2025 to meet mining demand

By Reuters HARARE: Zimbabwe’s state power utility ZESA aims to more than double national grid capacity by 2025 to respond
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Zimbabwe presses miners to produce battery-grade lithium locally

By Reuters HARARE: Zimbabwe wants lithium miners operating in the country to work towards producing battery-grade lithium locally and could
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