Business Articles

Zimbabwe’s Tobacco Marketing Season Opens

Zimbabwe’s 2026 tobacco marketing season opened on Wednesday with the first bale selling for US$4.60 per kilogramme, slightly below last year’s opening price of US$4.65. Farmer representatives are calling for a review of the foreign currency payment policy to protect...

PPC Zimbabwe, Buyer Extend Arlington Estate Sale Deadline to June 2026 After Legal Hurdle

Staff Reporter PPC Zimbabwe and the prospective buyer of its Arlington Estate have formally extended the deadline for the US$30 million sale to June 30, 2026, citing administrative delays and a recently dismissed legal challenge that had stalled progress. The...

Global Lithium Prices Surge After Zimbabwe Export Ban Tightens Supply Outlook

Johnson Progress Lithium prices and mining shares rallied across global markets after Zimbabwe, one of the world’s leading producers of the critical battery mineral, suspended all exports of lithium concentrate. The immediate ban, which aims to curb illegal shipments...

OK Zimbabwe Enters Corporate Rescue, Appoints Practitioner to Oversee Restructuring

Johnson Progress OK Zimbabwe Limited, a cornerstone of the nation’s retail sector for decades, has been placed under formal corporate rescue proceedings, the company announced this week. The board’s decision, formalised on 23 February 2026, triggers a statutory...