The mining sector is the second largest national income generator after wholesalers and retailers producing 11% of national income, 83% of exports, 19% of government revenue, 2% of direct formal
Dec 06, 2022
OPEC+ has Made a decision to maintain production levels at current levels despite widening supply gaps in the market. The decision comes at a time China is expected to see spikes in demand as the late
Dec 05, 2022
Zimbabwe's merchandise exports continue to narrow down the undying trade deficit with the latest skyrocket of 11.9% recorded during month of September . That has seen off the nation's trade deficit by
Nov 28, 2022
Agriculture continues to be perceived as the nation’s way out of the poverty trap. With the sector's estimated forecast decline of negative 14% in 2022, the forecast growth figures for 2023, 2024, and
ZSE- listed, Innscor Limited subsidiary, National Foods Limited recorded unpleasing Q3 volumes accusing the recent unusual presiding fiscal and monetary stance. The food processing company was greatly
Nov 18, 2022
ZSE-listed retail and distribution cooperation company, Axia Cooperation Limited, recorded a decline in volumes, pointing fingers at the presiding fiscal and monetary policy environment.
Nov 16, 2022
ZSE Listed private company, Zimpapers has published its trading update with reduced volumes traded across the group, propelled by declining aggregate demand in the economy
Nov 15, 2022
Steward bank, Zimbabwe’s largest bank by depositors and a subsidiary of Eco Cash holdings Limited continues to get escalating 3-figure growth rates since 2019 with the latest growth rate of a 223%
ZimRE Holdings has published its 3rd quarter trading update with stellar financial performance for the trading period under review. The group’s income has increased by 193% in inflation-adjusted terms
Nov 14, 2022
The biggest tobacco contracting company, Voedsale, has been thrown out of the farmer contracting industry by the regulator (TIMB) for its long overdue payments to farmers
Nov 08, 2022
The Zimbabwe Revenue Authority has created the forex Business Partner (BP) account for the forex and mobilized taxation payment direct through an electronic method .
Nov 04, 2022
ZIMSTAT’s latest publication has revealed a shrinking maize import bill, paring 81% compared to the 2021 import bill. The significantly lower recorded import bill proves that Zimbabwe has done justice
FBC Holdings’ total income has surpassed ZWG2 billion in the half-year to June 2024 despite experiencing a currency carnage in the first quarter. The group reported ZWG2.1 billion during the period u
African Sun, Zimbabwe's largest hotel group, is gearing up for a significant disposal of assets following the recent sale of two underperforming hotels for $6.9 million. This strategic move aims to op
TSL Limited has achieved a commendable performance in the third quarter ended 31 July 2024, with group revenue rising by 13% year-over-year. This growth was largely driven by increased volumes in the
Zimbabwe's electricity prospects have taken a hit as Hwange Units 7 and 8 undergo Class C maintenance, a statutory requirement that will take 600 megawatts off the national grid. This is a substantia
Proplastics, a leading manufacturer of PVC piping and fittings, has reported a significant decline in export sales, from 15% of total sales in 2023 to a mere 1% in the first half of 2024 primarily due
South Africa's Rand Merchant Bank conducted research on 31 African countries, producing a ranking chart for the best and worst places for investment among these nations. President Mnangagwa, upon ass
Zimbabwe Alloys Limited (ZimAlloys) has resumed production years after shutting down its furnaces according to the compan’s Managing Director, Deric Dube. A registered company in Zimbabwe, ZimAlloys s
The Zimbabwe Gold (ZiG) experienced a notable decline on September 13, 2024, trading closer to ZWG14 per US dollar, marking one of its worst performances to date. This follows a weekly loss, with the