BUSINESS NEWS

Zimbabwe pushes for US$14 bln export earnings by 2030 in National Export Strategy

Government through the National Trade Policy and Export Strategy blueprint is targeting to grow Zimbabwe's export by 10% annually to US$6.4 billion in 2023 and ultimately to US$12.4 billion by 2030 fr...

By Staff reporter | Published: 17 October 2019

ECONOMC INDICATORS

Trade deficit widens to US$718m despite 15% rise in export earnings for August

According to the latest Zimstat statistics, Zimbabwe's 2019 trade deficit widened to US$718 million at the end of August, although the monthly deficit fell by 33% to US$39 million from US$58 million i...

By Staff reporter | Published: 14 October 2019

INDUSTRIALS & ENERGY

Forex earnings boost Afsun H1 as group embarks on major soft refurbishments

Foreign currency earnings, which constituted 45% of revenue, helped African Sun post a 765% increase in the bottom-line for the half year to June 30.  This is in spite of a drop in occupancy leve...

By Staff reporter | Published: 28 September 2019

FINANCIAL SERVICES

CBZ records strong earnings

CBZ Holdings Ltd reported seemingly strong earnings and made it rain for investors but the currency situation did not play in favour of the financial services group.A quick analysis of the December 20...

By Staff reporter | Published: 03 May 2019

LANDS & AGRICULTURE

Cotton industry targets $1 billion earnings annually

THE Cotton Company of Zimbabwe (Cottco) plans to put a minimum of 100 000 hectares across the country under commercial cotton farming with the sector poised to generate a minimum of US$1 billion annua...

By Staff reporter | Published: 30 April 2019

BUSINESS NEWS

Government targets forex earnings in education

GOVERNMENT is targeting to generate foreign currency through human capital exportation and has renewed negotiations with South Sudan over exporting unemployed graduates. In the past, Government reveal...

By Staff reporter | Published: 01 January 2019

CONSTRUCTION & PROPERTY

Masimba foretells infrastructure boom, strong earnings

Masimba Holdings, a Zimbabwe Stock Exchange-listed contracting company, expects Zimbabwe's infrastructure sector to recover strongly in the outlook and drive its contracting business.CEO Canada Malung...

By Staff reporter | Published: 17 September 2018

FINANCIAL SERVICES

Motor, fire policies add spark to non-life insurers' earnings

Profit after tax for non-life insurers more than trebled to $33,63 million in 2017 from the previous year aided by a growth in gross premium written (GPW) and investment income, a new report by the in...

By Staff reporter | Published: 05 July 2018

BUSINESS NEWS

MSU eyes innovation hub earnings

MIDLANDS State University (MSU) Acting Vice Chancellor Professor Victor Muzvidziwa says the recently opened innovation hub will give the institution the opportunity to generate more revenue for it ope...

By Staff reporter | Published: 08 June 2018

MINING & RETAIL

Mining to contribute 70% forex earnings

ZIMBABWE's mining sector is expected to contribute over 70 percent of foreign currency earnings this year riding on renewed interest and investor confidence being created by the new political administ...

By Staff reporter | Published: 25 April 2018

MINING & RETAIL

RBZ incentive to boost Blanket Mine earnings

TORONTO Stock Exchange listed miner, Caledonia Mining Corporation, anticipates a $5,1 million boost in income for its local gold mining unit, Blanket Mine, for the year to December 31, 2018, after the...

By Staff reporter | Published: 05 April 2018

TRANSPORT & TOURISM

Zimbabwe eyes $7bn tourism export earnings

Zimbabwe seeks a seven-fold growth in tourism export earnings - as much as $7 billion by 2030 - to be achieved through effective marketing, product development and facilitation and access, a strategy ...

By Staff reporter | Published: 01 April 2018

INDUSTRIALS & ENERGY

Afdis records 56% earnings growth

Spirits and wines maker, African Distillers Limited's (Afdis) says demand for its products remained buoyant but could not be fully satisfied due to the inconsistent supply of finished products owing t...

By Staff reporter | Published: 16 February 2018

MINING & RETAIL

Zisco revival to bring $1 billion export earnings

THE revival of Ziscosteel will cut $350 million worth of steel imports and generate in excess of $1 billion in export earnings, Industry and Commerce Minister Dr Mike Bimha said yesterday.Responding t...

By Staff reporter | Published: 20 October 2017

CONSTRUCTION & PROPERTY

Turnall seeks to arrest earnings decline

Buildings and associated industries concern, Turnall Holdings Limited's restructuring of its balance sheet is expected to be completed this year as the group focuses on reversing earnings declines exp...

By Staff reporter | Published: 02 October 2017

LANDS & AGRICULTURE

Tobacco export earnings rise to $422.8m

ZIMBABWE'S tobacco export earnings have increased by 10.5 percent to $422.8 million compared to $382.6 million generated during the same period last year.The country exports flue-cured tobacco to diff...

By Staff reporter | Published: 02 October 2017

LANDS & AGRICULTURE

Tobacco export earnings up 13%

ZIMBABWE's tobacco export earnings have risen 13 percent to $380.6 million from $334.8 million, but the average price has since come off marginally.The bulk of the tobacco went to mainly South Africa ...

By Staff reporter | Published: 04 September 2017

BUSINESS NEWS

RBZ in drive to grow forex earnings

Reserve Bank of Zimbabwe Governor Dr John Mangudya is making frantic efforts to grow Zimbabwe's foreign currency earnings across industry in a bid to address foreign currency shortages that resulted i...

By Staff reporter | Published: 23 August 2017

FINANCIAL SERVICES

ZB surprises the market, increase earnings by 40%

ZBFH reported a better than expected H1 17 performance highlighted by a 39.9% increase in attributable earnings to $7.9m, for eps of US 4.49cents. The performance was driven by increased transactional...

By Ngoni Shenjere | Published: 10 August 2017

ECONOMC INDICATORS

Zimbabwe export earnings edge up

Zimbabwe has registered a slight growth in export earnings after earning $2,58 billion up from $2,57 billion as of June 16 this year, compared to the same period last year.Finance minister Patrick Chi...

By Staff reporter | Published: 20 July 2017

BUSINESS NEWS

'Bond notes to raise export earnings'

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya clocked three years at the helm of the apex bank in March this year.Our Business Editor, John Kachembere, spoke to the central bank chief who is a...

By Staff reporter | Published: 19 July 2017

MINING & RETAIL

AECI expects 30% rise in earnings

South Africa's explosives and specialty chemicals group AECI advised its shareholders that it expects to report a 30% to 35% increase in its headline earnings per share (HEPS) for the six months ended...

By Staff reporter | Published: 18 July 2017

BUSINESS NEWS

Productivity key to foreign exchange earnings

Lack of production by local firms is hindering the ability of the country to increase foreign exchange inflows to sustain productive sectors.The government has adopted a number of policies aimed at re...

By Staff reporter | Published: 13 July 2017

MINING & RETAIL

Platinum earnings down 11%

Zimbabwe's platinum earnings slumped 11 percent to $495 million last year from $554 million realised in 2013 due to depressed global platinum prices, latest Chamber of Mines (CoM) figures reveal.The r...

By Staff reporter | Published: 21 June 2015

MINING & RETAIL

Zim mine collapse hits Implats earnings

Impala Platinum Holdings (Implats) - the world's second-largest platinum producer - has projected lower earnings for the half year to December 2014 due to disruptions caused by the collapse of its Zim...

By Staff reporter | Published: 07 June 2015
Pages:
1
2

Latest News

Latest Published Reports

Latest jobs