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Wednesday, April 14, 2021
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news about the Zimbabwean economy

HARARE - Mining, exploration and development company, Caledonia Mining Corporation (Plc (NYSE AMERICAN & AIM: CMCL), has announced that its Central Shaft at its primary asset, Blanket Mine in Zimbabwe is now fully operational. The shaft whose development stages date back to 2015,...
Production went down 17%Revenue down 23%Significantly, profit was up 214% from a loss position SPLY HARARE – The introduction of more stringent measures by government authorities to curb the spread of COVID-19 negatively affected Border Timbers' (currently under judicial management) production volumes for...
Major tax revenue sources are thinly distributed across sectors and tax headsCountry’s unsustainable external debt traps the economy at growth rates below its potential Harare – In its March 2020 Article IV Consultation report, the IMF noted the gravity of Zimbabwe’s external debt...
Revenue increased from ZW$1.5 billion in 2019Operating profit increased by 1,077% from a loss of ZW$26m in 2019 Shelves dividend HARARE - British American Tobacco (BAT) Zimbabwe Holdings Limited which manufactures, distributes, and sells tobacco products for local consumption through a network of independent...
Reserve money quarterly growth target maintained at 22.5%The Bank’s 500 basis points policy rate hike announced in Feb unchangedMedium-term Bank Accommodation (MBA) further increased by ZW$2.5 billionBanks’ lending on MBA facility proceeds capped at 10% above borrowing rate Harare - The recently constituted...
Post ZWL$127.3 million profit after taxOperating income grew to ZWL 3.4 billionSignificant digital enhancements undertaken in 2020 HARARE – Nedbank Zimbabwe Limited emerged from prior year setbacks, with an impressive financial performance for the year ended 31 December 2020.
Recorded a profit of ZWL$19.1 millionRevenue rose by 17%Improved performance by ZTN HARARE – Zimbabwe Newspapers (1980) Limited, the country’s oldest newspaper publisher and commercial printer’s broadcasting division posted a 7% decline in full-year profit ended 31 December 2020 despite a strong revenue...
HARARE – Zimbabwe on Monday received the first consignment of the ‘Made in India’ Covaxin vaccine, the latest delivery following two batches of China’s controversial Sinopharm vaccine that first arrived in February 2021. The vaccines procured so far have all come as...
• Following the strategy to assess a staged development plan of 1.2Mtpa to 2.4Mpta, Prospect is moving swiftly to commence an Optimised Feasibility Study; • Lycopodium Australia, a highly experienced mining engineering firm, to lead the Optimised Feasibility Study;
FPL for person in March stood at $4,003TCPL was up 2.4%Worsening poverty line despite cooling inflation The cost of living in Zimbabwe is on the uptick, contrary to the downward growth in inflation recorded in recent months. The continued surge compliments a run...