Zimbabwe

Zimbabwe

‘Stable environment’ tunes Nat Foods’ focus to product enhancement, business models optimisation in FY2021

Harare - Diversified agro-industrial concern, National Foods Holdings Limited has commended the more stable environment for allowing them to increase focus on enhancing their product portfolio and opt

Nov 11, 2022
Zimbabwe
Value not yet added: raw minerals dominate Zim exports

Value addition and beneficiation of minerals ended as a dead rubber in 2021 as raw minerals continued to define the country’s exports. Raw minerals led the exports for December 2021 according to the l

 Nov 11, 2022
Zimbabwe
Steward Bank’s PAT soars 158%

Harare - Zimbabwe’s largest bank by depositors, Steward Bank recorded a 158% surge in profit after tax to ZWL255 million during the half year ended 31 August 2021 from ZWL211 million recorded during t

 Nov 11, 2022
Zimbabwe
Dairibord invests US$3.5m to ramp up ice-cream, cartonised beverages production

Harare – Listed milk processor, Dairibord Holdings has invested US$3.5 million to boost the production of ice-cream, improving production portfolio mix and margin performance going forward, the Group

 Nov 11, 2022
Zimbabwe
Russia-Ukraine war knocks hard on Zimbabwe fuel prices

Harare - Zimbabwe Energy Regulatory Authority (ZERA) has reviewed fuel prices upwards barely a week after another fuel price hike as global oil prices continue to soar in the wake of Russia-Ukraine wa

 Nov 11, 2022
Zimbabwe
MashHoldings declares dividend of ZWL$1.29 cents per share

Harare- ZSE listed property company Mash Holdings said the Board of directors has declared an interim dividend of 1.299 cents per share payable on about ZWL1.9 billion ordinary shares in issue as of t

 Nov 11, 2022
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
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
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
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
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

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

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