Search results for 'climate change'
Zimbabwe
Drought Dries Up Zim's Economic Hopes: GDP Downgraded to 2%

Zimbabwe's economic growth forecast for 2024 has been slashed to 2%, down from the initial projections of 3.6%. This downward revision is primarily due to the impact of the ongoing drought in the regi

May 31, 2024
Companies
Seed Co Leverages Poor Sales with Exports, Introduces New Resistant Varieties

Seed Co Zimbabwe, the largest operating seed company, has leveraged increased export sales of maize seed in 2023 to offset the impact of recurring El Niño-induced drought spells that affected local ma

Jul 03, 2024
Zimbabwe
Technical Glitch at Hwange Unit 8 Deepens Electricity Crisis

Zimbabwe Electricity Supply Authority (ZESA), says the national power grid is currently facing reduced electricity generation capacity due to a technical challenge that occurred at the Hwange Thermal

Aug 26, 2024
Zimbabwe
Zimbabwe Bans Unleaded Petrol: A Move Towards Sustainable Biofuels

The government has announced a ban on the sale of unleaded petrol, mandating that all petrol be blended with ethanol. This regulation, effective next week, is a pivotal step in the country’s energy s

Aug 30, 2024
Companies
Dual Challenge, Single Solution: Old Mutual Launches US$100 Million Renewable Energy Fund

As Zimbabwe grapples with an ongoing energy crisis, Old Mutual Zimbabwe has announced the launch of a US$100 million private equity fund aimed at renewable energy investments. With the country strivi

Sep 24, 2024
Zimbabwe
Power and Panic: Kariba Dam's Water Levels Drops Below 5%

As November 2024 unfolds, Zimbabwe faces alarming news regarding the dwindling water levels at Kariba Dam, a critical resource for the nation's energy supply. The lake level has dropped to 476.14 m,

Nov 02, 2024

Top Stories

Simbisa Customer Counts reaches 12.1miliion in Q1 2025

Simbisa Brands, Zimbabwe's largest fast-food outlet, has opened a net total of 57 new company-operated stores between 30 September 2023 and 30 September 2024 with 5 opened in the first quarter of the

Nov 22, 2024

First Capital's Non-Performing Loan Ratio Falls Below 3% Amid Restructuring

First Capital Bank has posted a solid third-quarter performance, driven by a restructuring exercise aimed at enhancing its operating model. In the banking sector, restructuring refers to the process

Nov 22, 2024

Mining Sector Sees 9% Average Growth, but Energy Deficit Deepens

The mining industry have seen a significant growth with an average of 9% per annum, mainly spared by lithium sector projects and production of iron and steel. According to GlobalData, Zimbabwe is the

Nov 22, 2024

Proplastics Reports Subdued YTD Performance with Production, Sales Down

Proplastics, a premier plastics products manufacturer and distributor, reported subdued year-to-date (YTD) results for the nine months ended September 30, 2024. The company experienced a 5% contractio

Nov 21, 2024

Pomona City Drives Westprop's Q3 Robust Performance

WestProp Holdings, a prominent real estate company's customer contracts have surged by 35% contributing an increase of 11%  to its year-to-date revenue in a trading update for the period ended 30 Sept

Nov 20, 2024

EcoCash Holdings’ HY Performance: Posts 185% Deposits Surge, 91% Loan Growth

EcoCash Holdings reported a 185% surge in deposits to ZWG1.37 billion for the six months ended August 31, 2024, compared to ZWG483 million in the corresponding 2023 period. This significant growth wa

Nov 20, 2024

Zimplow Holdings on Recovery Path: Q3 Performance Sparks Optimism

Zimplow Holdings Limited reported a 12% decline in topline to US$20.6 million, in the thrird quarter to 30 September 2024 compared to the prior year according to the company’s latest trading update.

Nov 20, 2024

NMB Loan Book More Than Doubles in Q3, USD Denominates Deposits at 87%

NMB Zimbabwe's loan book expanded significantly, with loans and advances surging 110% to ZWG2.7 billion for the third quarter ended September 30, 2024. This growth was driven by the bank's successful

Nov 19, 2024