Business
Zim, Rwanda seek to strengthen economic ties
Zimbabwe and Rwanda’s economic ties continue to deepen through the annual trade and investment conference, which provides a window for the two countries to explore new opportunities for collaboration. This year’s high-level Rwanda-Zimbabwe Business Forum, set for March 18–20, 2024, in Kigali, Rwanda becomes the third conference since the inaugural event held in Rwanda in […]
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Star Africa corporation volumes depressed
Sugar concern, Star Africa Corporation Limited experienced a depressed first half ended 30 September 2023. The company released its Reviewed Interim Abridged Financial Results for the period ended 30 September 2023. Despite revenue going up by 35% from ZWL73.52 billion to ZWL99.41 billion, volumes and profit were in the negative. The depressed volumes were attributed […]
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Victoria Foods benefits from industrial development agenda
GWERU-based Victoria Foods Milling plant is operating at 80 percent capacity utilisation riding on the Second Republic’s ease-of-doing-business and industrial development agenda. The Government is implementing ease-of-doing-business reforms, which seek to improve the business operating environment. This has seen it crafting and rolling out a programme to reform and grow the economy as it seeks […]
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Monetary policy to tackle exchange rate instability
THE Reserve Bank of Zimbabwe (RBZ)’s forthcoming monetary policy statement (MPS) is expected to prescribe several interventions to stabilise the Zimbabwe dollar exchange rate, officials and analysts have said. RBZ Governor Dr John Mangudya is expected to present the 2024 MPS later this month. This comes as the Zimbabwe dollar has somehow been losing ground […]
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Khaya Cement sees 117pc volume jump
Khaya Cement Limited’s production volumes for the half year to June 30, 2023 more than doubled, after jumping by 117 percent, thanks to enhanced production efficiencies at the new plant. This followed the restoration of the collapsed cement mill roof and the commissioning of the new Vertical Cement Mill (VCM), chairman Mr Kumbirai Katsande said […]
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Saved by the bell! . . . Sugar industry welcomes positive move on imports
SUGAR processor Starafricacorporation says the re-instatement of duty on imported sugar will have a positive impact on the local sugar industry as that will preserve local jobs, and ensure Zimbabwe continues to retain the much-needed foreign currency for the development of the economy. Industry players have long raised concern that the influx of cheap sugar […]
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Monetary policy to tackle exchange rate instability
THE Reserve Bank of Zimbabwe (RBZ)’s forthcoming monetary policy statement (MPS) is expected to prescribe several interventions to stabilise the Zimbabwe dollar exchange rate, officials and analysts have said. RBZ Governor Dr John Mangudya is expected to present the 2024 MPS later this month. This comes as the Zimbabwe dollar has somehow been losing ground […]
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Seed Co to pay US$1,1m for underfulfilled contract
Credcorp Investments has won its High Court case against Zimbabwe Stock Exchange (ZSE) listed Seed Co, securing a US$1,1 million judgment award after the latter failed to fulfill a seed production contract. The plaintiff is a Zimbabwean company that supports seed crop production by sponsoring growers. Under its business model, Credcorp supplies farmers with parent […]
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Zim/Botswana collaboration to strengthen trade ties
THE agriculture sector will be among the biggest beneficiaries from the Zimbabwe-Botswana cooperation that will see the two countries hosting a business forum in Muan, Botswana on February 8 to boost trade and foster strong ties. Zimbabwe’s trade development and promotion organisation, ZimTrade and the Botswana Investment and Trade Centre are jointly organising the Botswana-Zimbabwe […]
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Major upgrade for Victoria Falls border
THE Victoria Falls Border Post is primed for a major infrastructure refurbishment to match the world-class status of the city and cater for increased human and vehicular traffic, a development that is expected to have a bearing on tourists volumes. The Zimbabwe Revenue Authority (Zimra) has sent out requests for expressions of interest seeking consulting […]
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