Business
NatFoods adequately stocked, but worried about El Niño
National Foods said it has enough raw materials including maize, soya bean, wheat, and traditional grains for the next six months, but expressed concerns about the El Niñoweather pattern which could negatively impact the 2023–24 agriculture season. NatFoods is one of Zimbabwe’s largest food manufacturers and produces a broad range of food commodities including maize […]
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Zimpapers records 59pc revenue growth
ZIMBABWE’S biggest diversified media group, Zimbabwe Newspapers (1980) Limited’s revenue increased by 59 percent to $40,7 billion in the first six months of the year with all units posting improved revenues and registering 8,4 million visitors to the group’s websites. The group chairman, Mr Tommy Sithole said the media group will seek to capitalise on […]
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World Tourism Day marked amid boom
THE manufacturing sector is envisaged to register at least two percent and three percent growth rate per annum and sector investment respectively by 2030 on top of increased manufactured exports of 10 per annum, the new Zimbabwe National Industrial Development that is set to play a vital role in Zimbabwe’s pursuit of economic prosperity by […]
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Industrial policy under spotlight
THE manufacturing sector is envisaged to register at least two percent and three percent growth rate per annum and sector investment respectively by 2030 on top of increased manufactured exports of 10 per annum, the new Zimbabwe National Industrial Development that is set to play a vital role in Zimbabwe’s pursuit of economic prosperity by […]
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Private sector increases agriculture financing
THE private sector has increased funding to the agriculture sector and is contributing towards the reduction of grain imports as the country targets another bumper wheat harvest, Lands, Agriculture, Fisheries, Water and Rural Development Permanent Secretary Dr John Basera said yesterday. Zimbabwe is targeting to produce between 420 000 to 430 000 tonnes of wheat […]
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FMHL to expand USD-based product portfolio
WITH over 80 percent of transactions now in U.S. dollars, First Mutual Holdings (FMHL) said it will expand its U.S. dollar-based product portfolio to maintain product relevance. FMHL is a leading financial services group in Zimbabwe, offering services in risk management, wealth creation, and wealth management. In the group’s financial statements for six months to […]
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Prospect exports over 100 000 tonnes of lithium concentrate
PROSPECT Lithium Zimbabwe (PLZ) has exported over 100 000 tonnes of lithium concentrate since April this year while in excess of 2 500 jobs have been created directly and indirectly. Following the successful conclusion of a US$377,8 million upfront cash consideration last year under a share sale agreement from Prospect Resources by China’s Huayou International […]
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Tobacco boosts Unifreight volumes
Transport and logistics company Unifreight Africa’s revenue for the interim period to June 2023 grew 115 percent to $55 billion compared to $22 billion in the prior year, largely driven by increased tonnage. Listed on the Zimbabwe Stock Exchange (ZSE), Unifreight is a transport holding company offering logistics, freight, and passenger services to clients in […]
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Dallaglio maintains top three gold producers’ spot
DALLAGLIO Investments has maintained its spot as one of Zimbabwe’s top three gold producers after delivering 1 080 kilogrammes of the yellow metal in the six months to June 2023. The mining firm is one of the subsidiaries of Padenga Holdings Limited, which is also a crocodile breeder in the country. Padenga Holdings in an […]
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Zimbabwe cuts electricity imports thanks to China-funded power generator
HARARE, Sept. 21 (Xinhua) — Zimbabwe imported less electricity after supplies were boosted by a new 300-megawatt generator completed in March by a Chinese firm at the country’s largest power plant. Zimbabwe imported a total of 2,303.6 gigawatt hours (GWh) of electricity in 2022, and 863.4 GWh in the first quarter of this year, according […]
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