Zimbabwe

Zimbabwe

Simbisa to open 73 new stores as revenue surges

Harare – Diversified retail group, Simbisa Brands says is working on opening 73 new stores in the remaining nine months of the financial year to end June 2022 as it continues to grow the group’s footp

Nov 11, 2022
Zimbabwe
2022 expenditure nears ZW$1 trillion amid 5.5% GDP growth target

Harare - Zimbabwe expects to nearly double its expenditure to circa ZWL1 trillion for the full year 2022 to alleviate the effects of COVID-19 and improve productivity as the nation aims to hit a 5.5%

 Nov 11, 2022
Zimbabwe
Trio Zim companies signs MOU to boost tobacco productivity

Harare - Given the economic challenges facing the Zimbabwean economy due to negative effects of COVID-19 and foreign currency shortages, sore regulator and marketer of tobacco, Tobacco Industries Mark

 Nov 11, 2022
Zimbabwe
Border Timbers crowns FY’21 in sustained losses

Harare - Having posted a poor performance in half year and nine months period for the full year 2021, timber grower and miller, Boarder Timbers Limited continued on a downward trend to crown the year

 Nov 11, 2022
Zimbabwe
Power supply and currency dilemma in Africa

Power supply in developing countries is becoming a severe headache to the already embattled African economy which is striving to free itself from the bondages and cuffs of the COVID-19 pandemic.

 Nov 11, 2022
Zimbabwe
New dates for Tanganda’s ZSE listing out

Harare - Listed diversified group, Meikles Limited has reviewed that it expects to list Tanganda Tea Company separately on the Zimbabwe Stock Exchange (ZSE) between the first and third of February th

 Nov 11, 2022
Zimbabwe
ZERA reviews fuel prices upwards again

Harare - The Zimbabwe Energy Regulatory Authority (ZERA) has increased the prices of both diesel and petrol by between 1% and 6% in both local and foreign currency.

 Nov 11, 2022
ZIMCODD commends NDS 1 strides on digital economy for 2021 targets as government strikes positive

Zimbabwe Coalition on Debt and Development (ZIMCODD) says the National Development Strategy1 (NDS1) performed fairly well on the key priority area five which focuses on the promotion of a digital econ

Nov 11, 2022
RTG to capitalise on e-commerce as it inks key developmental projects

Zimbabwe Stock Exchange (ZSE) listed hospitality group, Rainbow Tourism Group (RTG) says it will continue to capitalise business operations online to realise growth amid huge setbacks from the COVID-

Nov 11, 2022
ZSE extend losses, sees worst out-turn since April

Harare – The Zimbabwe Stock Exchange fell on Wednesday, extending losses reported on Tuesday on lingering investor concern following US$1 billion Special Drawing Rights granted by IMF which government

Nov 11, 2022
Africa introduce ways to curb Russia-Ukraine war effects

Faced with supply chain challenges which are threatening the continent’s food security, Africa has come up with ways to deal with the Russia-Ukraine war shocks which include turning to cheaper wheat a

Nov 11, 2022

Innscor persists a colourful run as hedge seeking continues to drive stocks demand on ZSE

Harare - The diversified foods manufacturer, Innscor Africa continued an upward trend last week Friday to close the session with straight 12 gains on adding 18.17% to settle at $179.7207 as ZSE closed

Nov 11, 2022

Lifeline to African Airlines on course but fuel costs remain a concern

Amid a busload of headwinds in the locality and the international space, the African Airlines have recorded an improved performance to reach March 2019 pre-COVID-19 performance.

Nov 11, 2022

NDS 1 misses transport, infrastructure and utilities goal for 2021

The government of Zimbabwe has once again missed the 2021 National Development Strategy 1 (NDS1) targets set for transport and infrastructure development. Gazetted in 2021 January, the NDS 1 was optim

Nov 11, 2022

National Tyre Services reports 163% volumes growth in Q1 FY’2022

Harare - Despite the restrictions posed on inter-city and cross border bus movement which is a key market segment for tyre business, as the government tried to contain the spread of coronavirus (COVID

Nov 11, 2022

Life Assurance unit bolsters Fidelity Life core revenue growth to 121%

Listed financial services company, Fidelity Life posted a 121% core revenue growth of ZWL1 121.4 million for the nine months ended 30 September 2021 from ZWL506.8 million recorded during the same peri

Nov 11, 2022

Africa replaces Russia as Italy’s main gas supplier

In February 2022, Russia waged an imperialistic war against Ukraine. The war has seen the commodities world going in shambles as global supply chains were disrupted. The war also saw brewing of soar r

Nov 11, 2022

COP27; Zimbabwe’s entry into the global economy.

The Zimbabwean delegation has returned to the UN Climate Change Conference. The 2022 COP27 held in Sharp El Sheikh Egypt, shows the nation’s concerted efforts to agree on policies to limit global temp

Nov 08, 2022

ZimSat-1: Zimbabwe’s first Satellite

The delayed lift-off of the Cygnus spacecraft is finally a go. The flight which was delayed due to a fire alarm at NASA’s Wallops Flight Facility in Virginia, US Spaceport had on board Zimbabwe’s firs

Nov 07, 2022