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Friday, July 30, 2021
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news about the Zimbabwean economy

HARARE – Leading supermarket retailer covering groceries, basic clothing and textiles and houseware products, OK Zimbabwe Limited (OKZ.zw), said it will continue to pursue more innovative initiatives to grow market share profitability while the refurbishment and expansion drive will also be reinforced.
The 2017 debenture helped avert potential default on foreign obligationHolding debenture to maturity results in sustained lossesRBZ staggering of payments to aid company cashflow management Econet Wireless is seeking an early redemption on debentures held by its members, in a move that is...
HARARE – Econet Wireless Zimbabwe Limited, the country’s largest provider of telecommunications services and a leading media and technology company, today extended an invitation to holders of 1 166 906 518, 5% unsecured debentures (the “Debentures) of the Company to offer their debentures for early redemption,...
Key Highlights Operating profit declined by 2% to ZWL878.3 millionPAT tumbled to ZWL373.3 million from ZWL 3.5 billion in the previous yearRevenue from the retail operations increased by 3%, but sales volume was down 21%The Hospitality segment recorded a loss of of ZWL 122.7...
Key Highlights Record production of approximately 16,710 ounces2021 half-year production up 7.8% compared to first half of 2020Declared increased quarterly dividend of US$0.13 cents89% cumulative increase from the level of 6.875 cents since October 2019 HARARE - Mining, exploration and...
Financial Highlights Revenue grew by 8% to ZWL554 millionGross profit improved by 93% to ZWL249 millionOperating expenses increased by 22% on need to guard against COVID-19 infectionsTotal assets grew by 16% to ZWL HARARE – National Tyre Services (NTS) Limited...
Financial Highlights Total income declined by 9% to ZW$3.323bnNet profit after taxation of ZW$1.065bn tumbled by 45% from ZW$1.939bn recorded in 2019ZB Bank Limited posted a 23% decline in profitThe Group’s total assets increased by 21% in real terms to ZW$18.977bn
Key Highlights Exports up 122% YoYImports up 118% YoYGold exports at US$103.3 million surpassed nickel mattesExports to South Africa up a whopping 2364% HARARE – April’s trade data showed substantial year-over-year gains for both exports and imports as global trade...
HARARE – Grain deliveries to the Grain Marketing Board (GMB) have seen a sharp increase since the start of the current marketing season, highlighting what is currently Agric-commodities supercycle following favourable rain patterns across the country’s regions. According to a cabinet presentation...
HARARE – As coronavirus (COVID-19) cases soar, the government of Zimbabwe decided to take a tough stance on Tuesday, with the cabinet approving the resolution to make vaccines mandatory for all frontline health workers. “Noting that the frontline staff were given opportunity...